BDC·info
CION

CION Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.89B
263 holdings
Avg Spread
+6.89%
FV-weighted, debt
Avg Coupon
9.57%
FV-weighted
% First Lien
79.4%
of debt FV
Unrealized P/L
-$67.63M
-3.45% of cost
Non-Accrual
8
text-detected

Balance sheet

Assets$1.88B
Liabilities + Equity$1.88B
First Lien
$1.45B · 77.0%
Equity
$291.13M · 15.5%
Debt (Borrowings)
$1.10B · 58.6%
Net Assets (Equity)
$758.61M · 40.3%

Industry Composition

Services: Business
14.3%
Healthcare & Pharmaceuticals
12.6%
Retail
8.6%
Energy: Oil & Gas
7.3%
Media: Diversified & Production
7.0%
Beverage, Food & Tobacco
6.0%
Services: Consumer
5.9%
Construction & Building
5.4%
Consumer Goods: Durable
5.0%
Diversified Financials
3.9%
Banking, Finance, Insurance & Real Estate
3.2%
Unclassified
3.2%
Other industries
17.4%

Fair Value History

Q2 '23
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25

Spread Distribution

0.0%
 
1.0%
 
3.5%
 
5.0%
5.5%
6.0%
 
7.0%
 
8.0%
 
9.0%
 
10.0%
 
11.0%
 
15.5%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
263 of 297
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Longview Intermediate Holdings C, LLC
Energy: Oil & Gas
Membership Units, Equity
$70.16M
$12.84M
$57.32M
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #2
$68.52M
$79.05M
-$10.53M
+6.50%
2027-12-21
First American Treasury Obligations Fund, Class Z Shares, Short Term Investments
Senior Secured Second Lien Debt
$58.67M
$58.67M
$0.00
4.20%
JP Intermediate B, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 11/20/2027 Maturity
$46.04M
$23.43M
$22.61M
+6.50%
2027-11-20
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2029 Maturity #1
$38.31M
$38.04M
$275.0K
+5.75%
2029-05-04
CION/EagleTree Partners, LLC.
Diversified Financials
Senior Secured First Lien Debt, 12/21/2026 Maturity
$36.04M
$36.04M
$0.00
14.00%
2026-12-21
Instant Web, LLC
Media: Advertising, Printing & Publishing
First Lien Term Loan, Non-Controlled, Affiliated Investments
$36.01M
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/28/2027 Maturity
$35.20M
$35.20M
$0.00
9.00%
2027-09-28
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #1
$28.94M
$28.94M
$0.00
+10.50%
2027-10-13
OpCo Borrower, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/26/2029 Maturity
$27.92M
$27.83M
$91.0K
+5.75%
2029-04-26
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity #1
$27.20M
$27.06M
$145.0K
+5.75%
2027-03-17
Hilliard, Martinez & Gonzales, LLP.
Services: Consumer
Senior Secured First Lien Debt, 4/30/2025 Maturity
$24.84M
$25.25M
-$401.0K
+12.00%
2025-04-30
Future Pak, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/22/2026 Maturity
$24.50M
$24.50M
$0.00
+6.00%
2026-09-22
Wok Holdings Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 3/1/2026 Maturity
$24.30M
$23.82M
$479.0K
+6.25%
2026-03-01
Anthem Sports & Entertainment Inc
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2027 Maturity #2
$22.89M
$23.01M
-$111.0K
10.00%
2027-11-15
NTM Acquisition Corp.
Hotel, Gaming & Leisure
Senior Secured First Lien Debt, 6/18/2026 Maturity
$22.82M
$22.82M
$0.00
+6.75%
2026-06-18
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 9/30/2026 Maturity #1
$22.34M
$21.69M
$651.0K
+7.50%
2026-09-30
Moss Holding Company., Senior Secured First Lien Debt, 10/17/2026 Maturity
Services: Business
Senior Secured First Lien Debt #1
$21.76M
$21.57M
$190.0K
+5.75%
2026-10-17
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #1
$21.72M
$28.85M
-$7.13M
+6.28%
2025-10-31
Klein Hersh, LLC.
Services: Business
Senior Secured First Lien Debt, 4/27/2028 Maturity
$21.04M
$20.88M
$163.0K
+8.50%
2028-04-27
FuseFX, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/30/2026 Maturity
$20.54M
$21.02M
-$484.0K
+6.00%
2026-09-30
Carestream Health Holdings, Inc.
Healthcare & Pharmaceuticals
Common Stock, Equity
$20.47M
$21.76M
-$1.29M
Carestream Health Holdings, Inc.
Healthcare & Pharmaceuticals
Common Stock, Healthcare & Pharmaceuticals
$20.35M
$21.76M
-$1.41M
SRA Parent, LLC
Banking, Finance, Insurance & Real Estate
Common Units, Equity
$20.32M
$19.98M
$335.0K
Core Health & Fitness, LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 6/17/2029 Maturity
$19.85M
$19.55M
$295.0K
2029-06-17
CION/EagleTree Partners, LLC
Diversified Financials
Participating Preferred Shares, Equity
$19.67M
$22.07M
-$2.40M
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #1
$19.59M
$19.46M
$131.0K
+7.00%
2027-02-07
ICA Foam Holdings, LLC.
Containers, Packaging & Glass
Senior Secured First Lien Debt, 12/5/2026 Maturity
$18.68M
$18.74M
-$54.0K
+6.00%
2026-12-05
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #1
$18.21M
$18.22M
-$5.0K
+6.00%
2027-05-27
SHF Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/22/2030 Maturity #1
$18.17M
$18.17M
$0.00
+5.50%
2030-01-22
PRA Acquisition, LLC, 5/12/2028 Maturity
Hotel, Gaming & Leisure
Senior Secured First Lien Debt
$18.02M
$18.11M
-$91.0K
+6.50%
2028-05-12
Inotiv, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/5/2026 Maturity
$17.54M
$20.00M
-$2.45M
+6.75%
2026-11-05
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #1
$17.48M
$17.48M
$0.00
+7.25%
2028-04-29
Trammell, P.C.
Services: Consumer
Senior Secured First Lien Debt, 4/28/2026 Maturity
$17.40M
$17.40M
$0.00
+15.50%
2026-04-28
KeyImpact Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/31/2029 Maturity
$17.14M
$16.89M
$253.0K
+6.50%
2029-01-31
Celerity Acquisition Holdings, LLC
Services: Business
Senior Secured First Lien Debt, 5/28/2026 Maturity
$17.00M
$16.99M
$8.0K
+8.50%
2026-05-28
Hollander Intermediate LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 9/19/2027 Maturity
$16.97M
$18.50M
-$1.53M
+3.00%
2027-09-19
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #1
$16.52M
$16.52M
$3.0K
+6.75%
2026-04-22
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt 6/30/2028, Maturity #1
$16.43M
$16.26M
$170.0K
+5.50%
2028-06-30
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #1
$16.43M
$16.95M
-$518.0K
+6.00%
2027-12-21
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2026 Maturity
$16.41M
$18.70M
-$2.29M
+7.00%
2026-06-30
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #1
$16.19M
$15.93M
$253.0K
+6.25%
2027-07-02
Berlitz Holdings, Inc
Services: Business
Senior Secured First Lien Debt, 5/31/2026 Maturity #1
$16.01M
$16.85M
-$834.0K
+9.00%
2026-05-31
David's Bridal Holdings, LLC
Retail
Class A Common Units, Equity
$15.76M
$23.13M
-$7.37M
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2028 Maturity #1
$15.74M
$17.17M
-$1.42M
15.00%
2028-04-16
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #1
$15.74M
$15.71M
$24.0K
+5.75%
2028-09-28
INW Manufacturing, LLC.
Services: Business
Senior Secured First Lien Debt, 3/25/2027 Maturity
$15.52M
$16.07M
-$554.0K
+5.75%
2027-03-25
Riddell, Inc
Consumer Goods: Durable
/ All American Sports Corp., Senior Secured First Lien Debt, 3/29/2029 Maturity
$15.18M
$15.20M
-$20.0K
+6.00%
2029-03-29
CHC Medical Partners, Inc.
Healthcare & Pharmaceuticals
Series C Preferred Stock, Healthcare & Pharmaceuticals
$14.78M
$9.46M
$5.32M
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #1
$14.78M
$14.78M
$0.00
+6.75%
2028-08-16
American Health Staffing Group, Inc
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity
$14.77M
$14.73M
$39.0K
+5.00%
2026-11-19
Playboy Enterprises, Inc.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 5/25/2027 Maturity
$14.73M
$14.61M
$123.0K
+6.25%
2027-05-25
APS Acquisition Holdings, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2029 Maturity
$14.59M
$14.59M
$0.00
+5.75%
2029-07-11
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #1
$14.56M
$14.56M
$0.00
+7.00%
2027-06-07
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2028 Maturity #2
$14.29M
$14.22M
$71.0K
17.00%
2028-04-16
Cabi, LLC
Retail
Senior Secured First Lien Debt, 2/28/2027 Maturity
$14.03M
$14.28M
-$259.0K
+6.00%
2027-02-28
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 3/21/2030 Maturity #1
$13.79M
$13.79M
$0.00
+8.00%
2030-03-21
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #1
$13.32M
$13.26M
$64.0K
+6.50%
2026-10-12
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #1
$13.26M
$13.26M
$0.00
+6.00%
2029-02-28
Trademark Global, LLC.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 6/30/2027 Maturity
$12.84M
$19.29M
-$6.45M
+8.50%
2027-06-30
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 12/31/2026 Maturity #1
$12.81M
$13.22M
-$409.0K
+7.50%
2026-12-31
Bradshaw International Parent Corp
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2027 Maturity
$12.70M
$12.55M
$146.0K
+5.75%
2027-10-21
Community Tree Service, LLC.
Construction & Building
Senior Secured First Lien Debt, 6/17/2027 Maturity #1
$12.05M
$12.06M
-$6.0K
+8.00%
2027-06-17
Anthem Sports & Entertainment Inc
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2027 Maturity #1
$12.00M
$12.44M
-$437.0K
+5.50%
2027-11-15
Ancile Solutions, Inc
High Tech Industries
Senior Secured First Lien Debt, 6/11/2026 Maturity
$11.60M
$10.29M
$1.31M
+10.00%
2026-06-11
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity #1
$11.55M
$11.55M
$0.00
+8.50%
2028-12-22
SRA Parent, LLC
Banking, Finance, Insurance & Real Estate
Preferred Units (12% Return), Equity
$11.35M
$11.35M
$2.0K
HEC Purchaser Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/17/2029 Maturity #1
$11.09M
$10.95M
$136.0K
+5.50%
2029-06-17
URS Topco, LLC
Transportation: Cargo
Common Equity, Equity
$11.02M
$9.67M
$1.35M
IPP Buyer Holdings, LLC
Retail
Class A Units, Equity
$11.02M
$10.74M
$282.0K
Carestream Health, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/30/2027 Maturity
$10.99M
$10.32M
$672.0K
+7.50%
2027-09-30
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity #1
$10.83M
$10.82M
$15.0K
+6.50%
2025-12-20
Adapt Laser Acquisition, Inc
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #1
$10.76M
$10.48M
$276.0K
+12.00%
2025-12-31
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #1
$10.70M
$11.64M
-$946.0K
+6.75%
2026-04-08
David's Bridal Holdings, LLC
Retail
Preferred Units, Equity
$9.99M
$10.82M
-$831.0K
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #1
$9.12M
$9.02M
$102.0K
+5.75%
2028-04-22
BCP Great Lakes II - Series A Holdings LP
Diversified Financials
Partnership Interests, Diversified Financials
$8.95M
$9.89M
-$934.0K
NewsCycle Solutions, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/27/2024 Maturity
$8.95M
$12.09M
-$3.13M
+1.00%
2026-09-30
Spin Holdco Inc.
Services: Business
Senior Secured First Lien Debt, 3/4/2028 Maturity
$8.74M
$8.74M
$8.0K
+4.00%
2028-03-04
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #2
$8.63M
$8.60M
$29.0K
+6.25%
2027-07-02
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #1
$8.55M
$8.44M
$113.0K
+6.50%
2028-07-24
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #1
$8.53M
$8.56M
-$28.0K
+8.25%
2026-08-31
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2026 Maturity #1
$8.19M
$19.28M
-$11.08M
+9.50%
2026-05-29
Newbury Franklin Industrials LLC
Capital Equipment
Senior Secured First Lien Debt, 12/11/2029 Maturity #1
$7.88M
$7.88M
$1.0K
+7.00%
2029-12-11
Allen Media, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 2/10/2027 Maturity
$7.82M
$8.61M
-$795.0K
+5.50%
2027-02-10
Isagenix International, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 4/14/2028 Maturity
$7.80M
$9.81M
-$2.01M
+7.60%
2028-04-14
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 9/30/2026 Maturity #3
$7.55M
$7.66M
-$117.0K
9.50%
2026-09-30
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #3
$7.45M
$7.45M
-$1.0K
+7.00%
2027-06-07
Avison Young (Canada) Inc./Avison Young (USA) Inc
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2029 Maturity #1
$7.39M
$8.88M
-$1.49M
+8.00%
2029-03-12
TMK Hawk Parent, Corp.
Services: Business
Senior Secured First Lien Debt, 6/30/2029 Maturity
$7.33M
$7.47M
-$140.0K
+5.25%
2029-06-30
Avison Young (Canada) Inc.
Banking, Finance, Insurance & Real Estate
Class A Preferred Shares (12.5% Return), Equity
$6.95M
$10.36M
-$3.40M
Ivy Hill Middle Market Credit Fund VIII, Ltd.
Diversified Financials
Subordinated Loan, Estimated Yield
$6.90M
$6.43M
$471.0K
2039-04-28
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 9/30/2026 Maturity #2
$6.89M
$6.92M
-$27.0K
9.50%
2026-09-30
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #1
$6.86M
$6.82M
$38.0K
+5.25%
2027-09-30
Palmetto Clean Technology, Inc.
High Tech Industries
Warrants, Equity
$6.56M
$472.0K
$6.09M
Avison Young (Canada) Inc./Avison Young (USA) Inc
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2028 Maturity
$6.50M
$7.31M
-$816.0K
+6.25%
2028-03-12
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #2
$6.09M
$6.08M
$10.0K
+6.75%
2026-04-22
Snap Fitness Holdings, Inc.
Services: Consumer
Class A Common Stock, Equity
$5.98M
$3.08M
$2.90M
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 12/31/2025 Maturity #1
$5.58M
$11.14M
-$5.56M
+5.00%
2025-12-31
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/16/2027 Maturity
$5.57M
$5.87M
-$301.0K
+8.25%
2027-08-16
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #1
$5.53M
$11.80M
-$6.27M
+9.50%
2027-07-01
Lucky Bucks Holdings LLC.
Hotel, Gaming & Leisure
Unsecured Debt, 5/29/2028 Maturity
$5.32M
$22.86M
-$17.55M
12.50%
2028-05-29
TMK Hawk Parent, Corp.
Services: Business
Common Shares, Equity
$4.91M
$8.58M
-$3.67M
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 12/31/2025 Maturity #2
$4.77M
$5.00M
-$231.0K
+10.00%
2025-12-31
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Class A Membership Interests, Healthcare & Pharmaceuticals
$4.70M
$5.20M
-$496.0K
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #1
$4.68M
$5.40M
-$711.0K
+6.00%
2026-09-28
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #3
$4.66M
$4.67M
-$3.0K
+6.50%
2027-12-21
PLBY Group, Inc.
Consumer Goods: Non-Durable
Series B Preferred Stock, Equity
$4.48M
$4.51M
-$24.0K
David's Bridal, Inc.
Retail
Fourteenth Amendment Term Loan, Controlled Investments
$4.33M
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 2/16/2027 Maturity
$4.27M
$4.07M
$201.0K
+8.00%
2027-02-16
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #2
$4.15M
$4.10M
$48.0K
+5.75%
2028-04-22
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #2
$3.88M
$4.47M
-$594.0K
+5.00%
2026-09-28
Xenon Arc, Inc.
High Tech Industries
Senior Secured First Lien Debt, 12/20/2028 Maturity
$3.82M
$3.79M
$22.0K
+5.75%
2028-12-20
Moss Holding Company, Senior Secured First Lien Debt, 10/17/2026 Maturity
Services: Business
Senior Secured First Lien Debt #2
$3.71M
$3.67M
$32.0K
+5.75%
2026-10-17
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #2
$3.62M
$3.62M
$0.00
2027-10-13
Adapt Laser Acquisition, Inc
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #2
$3.61M
$3.65M
-$41.0K
+12.00%
2025-12-31
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #2
$3.52M
$4.67M
-$1.15M
+6.28%
2025-10-31
Anthem Sports & Entertainment Inc
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2027 Maturity #3
$3.40M
$3.67M
-$272.0K
1.00%
2027-11-15
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #2
$3.34M
$3.40M
-$55.0K
+6.50%
2027-02-25
Atlas Supply LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/29/2025 Maturity
$3.31M
$5.00M
-$1.69M
13.00%
2025-04-29
Online Pharmacy Holdings, LLC
Healthcare & Pharmaceuticals
Series A Preferred Equity (5% Return), Equity
$3.05M
$3.14M
-$90.0K
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2029 Maturity #2
$2.99M
$2.99M
$0.00
+5.75%
2029-05-04
Ivy Hill Middle Market Credit Fund VIII, Ltd.
Diversified Financials
Subordinated Loan, Collateralized Securities and Structured Products - Equity, 4/28/2039 Maturity
$2.96M
$2.98M
-$24.0K
2039-04-28
Avison Young (Canada) Inc./Avison Young (USA) Inc
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 12/12/2027 Maturity #1
$2.94M
$2.83M
$109.0K
+8.50%
2027-12-12
K&N Holdco, LLC
Consumer Goods: Durable
Membership Units, Equity
$2.82M
$8.93M
-$6.11M
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #3
$2.78M
$2.10M
$685.0K
10.00%
2025-10-31
WorkGenius, LLC
Services: Business
Class A-1 Units, Equity
$2.78M
$2.83M
-$54.0K
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 7/31/2025 Maturity #1
$2.72M
$4.21M
-$1.50M
+5.09%
2025-07-31
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #2
$2.58M
$2.63M
-$59.0K
+8.25%
2026-08-31
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #3
$2.50M
$2.46M
$44.0K
+6.25%
2027-07-02
Snap Fitness Holdings, Inc.
Services: Consumer
Warrants, Equity
$2.42M
$1.25M
$1.18M
Avison Young (Canada) Inc./Avison Young (USA) Inc
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2029 Maturity #2
$2.40M
$3.02M
-$619.0K
+8.00%
2029-03-12
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #4
$2.35M
$2.35M
$0.00
+7.00%
2027-06-07
First American Treasury Obligations Fund
Class Z Shares
$2.33M
$2.33M
$0.00
Robert C. Hilliard, L.L.P.
Services: Consumer
Senior Secured First Lien Debt, 4/30/2025 Maturity
$2.32M
$2.37M
-$50.0K
+12.00%
2025-04-30
Emerald Technologies (U.S.) Acquisitionco, Inc.
Services: Business
Senior Secured First Lien Debt, 12/29/2027 Maturity
$2.26M
$2.73M
-$469.0K
+6.25%
2027-12-29
CTS Ultimate Holdings LLC
Construction & Building
Class A Preferred Units, Construction & Building
$2.22M
$1.00M
$1.22M
Service Compression Holdings, LLC
Energy: Oil & Gas
Warrants, Equity
$2.21M
$1.43M
$780.0K
New Giving Acquisition, Inc.
Healthcare & Pharmaceuticals
Common Stock, Equity
$2.12M
$633.0K
$1.48M
EBSC Holdings LLC
Consumer Goods: Durable
Preferred Units (10% Return), Equity
$2.09M
$2.23M
-$149.0K
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt,2/7/2027 Maturity #2
$2.00M
$1.93M
$66.0K
+7.00%
2027-02-07
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #2
$1.97M
$1.96M
$9.0K
+5.25%
2027-09-30
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity #2
$1.96M
$1.95M
$6.0K
+6.50%
2025-12-20
Mount Logan Capital Inc.
Banking, Finance, Insurance & Real Estate
Common Stock, Equity
$1.94M
$3.53M
-$1.60M
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity #2
$1.93M
$1.88M
$41.0K
+8.50%
2028-12-22
Community Tree Service, LLC.
Construction & Building
Senior Secured First Lien Debt, 6/17/2027 Maturity #2
$1.88M
$1.88M
$0.00
+8.00%
2027-06-17
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #2
$1.88M
$1.88M
$0.00
+7.25%
2028-04-29
Language Education Holdings LP
Services: Business
Ordinary Common Units, Equity
$1.81M
$825.0K
$983.0K
Avison Young (Canada) Inc.
Banking, Finance, Insurance & Real Estate
Class F Common Shares, Equity
$1.68M
$3.18M
-$1.50M
NSG Co-Invest (Bermuda) LP
Consumer Goods: Durable
Partnership Interests, Equity
$1.66M
$1.00M
$660.0K
Berlitz Holdings, Inc
Services: Business
Senior Secured First Lien Debt, 5/31/2026 Maturity #2
$1.62M
$1.59M
$31.0K
+9.00%
2026-05-31
The Men's Wearhouse, LLC
Retail
Senior Secured First Lien Debt, 2/26/2029 Maturity
$1.59M
$1.59M
$7.0K
+6.50%
2029-02-26
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #4
$1.58M
$1.60M
-$26.0K
2027-02-25
Instant Web, LLC
Media: Advertising, Printing & Publishing
First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments
$1.55M
Service Compression Holdings, LLC
Energy: Oil & Gas
Junior Preferred Units, Equity
$1.55M
$1.33M
$221.0K
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #2
$1.52M
$1.52M
$0.00
+6.75%
2028-08-16
TMK Hawk Parent, Corp.
Services: Business
Unsecured Debt, 12/15/2031 Maturity
$1.49M
$1.62M
-$136.0K
2031-12-15
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #3
$1.43M
$1.43M
$0.00
+6.75%
2028-08-16
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #3
$1.39M
$1.36M
$26.0K
2026-10-12
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #3
$1.34M
$1.34M
$0.00
+5.75%
2028-04-22
Klein Hersh, LLC
Services: Business
Unsecured Debt, 4/27/2032 Maturity
$1.29M
$988.0K
$301.0K
0.00%
2032-04-27
Heritage Power, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 7/20/2028 Maturity
$1.19M
$1.19M
-$6.0K
+5.50%
2028-07-20
APS Acquisition Holdings, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2029 Maturity #1
$1.17M
$1.16M
$7.0K
+5.75%
2029-07-11
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #2
$1.02M
$1.09M
-$64.0K
+6.75%
2026-04-08
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #2
$936.0K
$1.00M
-$68.0K
0.00%
2027-07-01
David's Bridal Holdings, LLC
Retail
Class B Common Units, Equity
$893.0K
$363.0K
$530.0K
PLBY Group, Inc.
Consumer Goods: Non-Durable
Common Stock, Equity
$838.0K
$956.0K
-$118.0K
Ascent Resources - Marcellus, LLC
Energy: Oil & Gas
Membership Units, Equity
$824.0K
$1.64M
-$818.0K
WorkGenius, LLC
Services: Business
Class A Units, Equity
$823.0K
$500.0K
$323.0K
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured Second Lien Debt, 10/8/2026 Maturity
$821.0K
$2.15M
-$1.33M
+9.00%
2026-10-08
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2026 Maturity #6
$803.0K
$797.0K
$6.0K
+9.50%
2026-05-29
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #2
$779.0K
$755.0K
$24.0K
+5.75%
2028-09-28
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 12/31/2026 Maturity #2
$771.0K
$798.0K
-$27.0K
+7.50%
2026-12-31
CHC Medical Partners, Inc.
Healthcare & Pharmaceuticals
Additional Series C Preferred Stock, Healthcare & Pharmaceuticals
$770.0K
$326.0K
$444.0K
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #2
$750.0K
$744.0K
$6.0K
+7.00%
2027-06-07
FWS Parent Holdings, LLC
Services: Business
Class A Membership Interests, Equity
$703.0K
$800.0K
-$97.0K
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2026 Maturity #2
$694.0K
$1.71M
-$1.02M
+9.50%
2026-05-29
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 3/21/2030 Maturity #3
$658.0K
$658.0K
$0.00
+8.00%
2030-03-21
Language Education Holdings LP
Services: Business
Ordinary Common Units, Services: Business
$657.0K
$300.0K
$357.0K
CF Arch Holdings LLC
Services: Business
Class A Units, Equity
$651.0K
$381.0K
$270.0K
LB NewHoldco LLC
Hotel, Gaming & Leisure
Voting Units, Equity
$649.0K
$4.20M
-$3.55M
Williams Industrial Services Group, Inc.
Services: Business
Senior Secured First Lien Debt, 12/16/2025 Maturity #1
$641.0K
$1.43M
-$785.0K
+11.00%
2025-12-16
Instant Web, LLC
Media: Advertising, Printing & Publishing
Priming Term Loan, Non-Controlled, Affiliated Investments
$603.0K
CTS Ultimate Holdings, LLC
Construction & Building
Class A Preferred Units, Equity
$527.0K
$237.0K
$290.0K
NS NWN Acquisition, LLC
High Tech Industries
Class A Preferred Units, Equity
$506.0K
Berlitz Holdings, Inc
Services: Business
Senior Secured First Lien Debt 5/31/2026 Maturity
$456.0K
$462.0K
-$6.0K
+9.00%
2026-05-31
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #2
$452.0K
$452.0K
$0.00
+6.00%
2029-02-28
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2026 Maturity #3
$446.0K
$1.10M
-$655.0K
+9.50%
2026-05-29
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2026 Maturity #4
$424.0K
$1.05M
-$622.0K
+9.50%
2026-05-29
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #3
$406.0K
$406.0K
$0.00
+7.25%
2028-04-29
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #2
$388.0K
$376.0K
$12.0K
+7.00%
2026-10-12
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2026 Maturity #5
$371.0K
$873.0K
-$502.0K
+9.50%
2026-05-29
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity #2
$366.0K
$366.0K
$0.00
+5.75%
2027-03-17
SHF Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/22/2030 Maturity #2
$348.0K
$348.0K
$0.00
+5.50%
2030-01-22
ACS Holdings LLC
Healthcare & Pharmaceuticals
Class A-1 Membership Units, Equity
$297.0K
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Class A-1 Membership Interests, Controlled Investments
$297.0K
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #3
$243.0K
$224.0K
$19.0K
0.00%
2027-07-01
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #2
$197.0K
$197.0K
$0.00
+6.50%
2028-07-24
Skillsoft Corp.
High Tech Industries
Class A Common Stock, High Tech Industries
$194.0K
$2.00M
-$1.81M
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/18/2037 Maturity
$192.0K
5.00%
2037-05-18
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured Second Lien Debt, 11/1/2025 Maturity
$190.0K
$3.19M
-$3.00M
+9.31%
2025-11-01
NS NWN Holdco LLC
High Tech Industries
Non-Voting Units, Equity
$154.0K
Williams Industrial Services Group, Inc.
Services: Business
Senior Secured First Lien Debt, 12/16/2025 Maturity #2
$137.0K
$304.0K
-$167.0K
+11.00%
2025-12-16
Heritage Litigation Trust, Restricted Stock
Energy: Oil & Gas
Equity
$124.0K
$100.0K
$24.0K
TMK Hawk Parent, Corp.
Services: Business
Warrants, Equity
$82.0K
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 7/31/2025 Maturity #2
$81.0K
$81.0K
$0.00
+7.50%
2025-07-31
GSC Technologies Inc.
Chemicals, Plastics & Rubber
Common Shares, Equity
$73.0K
Galaxy XV CLO Ltd.
Diversified Financials
Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 10/15/2030 Maturity
$70.0K
$466.0K
-$396.0K
2030-10-15
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #2
$26.0K
2027-05-27
RumbleOn, Inc.
Automotive
Warrants, Equity, 8/14/2028 Maturity
$16.0K
$378.0K
-$362.0K
2028-08-14
Yak Holding II, LLC
Construction & Building
Series A Common Units, Equity
$7.0K
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Class A Preferred Stock Warrants, Media: Diversified & Production
$0.00
$486.0K
-$486.0K
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #1
$0.00
$53.95M
-$53.95M
+7.00%
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #3
$0.00
$594.0K
-$594.0K
+3.75%
Isagenix Worldwide, Inc.
Beverage, Food & Tobacco
Common Shares, Equity
$0.00
$8.99M
-$8.99M
New HW Holdings Corp.
Capital Equipment
Preferred Stock, Equity
$0.00
$9.90M
-$9.90M
STATinMed Parent, LLC
Healthcare & Pharmaceuticals
Class A Preferred Units, Equity
$0.00
$6.18M
-$6.18M
STATinMed Parent, LLC
Healthcare & Pharmaceuticals
Class B Preferred Units, Equity
$0.00
$3.19M
-$3.19M
Avison Young (Canada) Inc./Avison Young (USA) Inc
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt 12/12/2027 Maturity #2
-$11.0K
2027-12-12
Newbury Franklin Industrials LLC
Capital Equipment
Senior Secured First Lien Debt, 12/11/2029 Maturity #2
-$27.0K
-$13.0K
-$14.0K
2029-12-11
Riddell, Inc
Consumer Goods: Durable
/ All American Sports Corp., Senior Secured First Lien Debt, 9/29/2026 Maturity
-$27.0K
+0.00%
2026-09-29
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #5
-$28.0K
2027-02-25
Berlitz Holdings, Inc
Services: Business
Senior Secured First Lien Debt, 5/31/2026 Maturity #3
-$37.0K
2026-05-31
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #3
-$59.0K
2026-04-08
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #4
-$338.0K
+0.00%
2027-12-21
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2026 Maturity #2
-$909.0K
+0.00%
2026-06-30
APS Acquisition Holdings, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2026 Maturity
2026-07-11
APS Acquisition Holdings, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2029 Maturity #2
+0.50%
2029-07-11
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt 2/28/2026 Maturity
2026-02-28
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #3
2029-02-28
American Health Staffing Group, Inc
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity #2
-$9.0K
2026-11-19
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Class B Preferred Stock Warrants, Media: Diversified & Production
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Common Stock Warrants, Media: Diversified & Production
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #3
-$17.0K
2027-02-07
Bradshaw International Parent Corp
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2026 Maturity
-$12.0K
2026-10-21
CION/EagleTree Partners, LLC
Diversified Financials
Senior Secured Note
14.00%
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt 6/30/2028, Maturity #2
-$23.0K
2028-06-30
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #3
-$26.0K
2028-07-24
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity #3
-$16.0K
+1.00%
2027-03-17
HDNet Holdco LLC
Media: Diversified & Production
Preferred Unit Call Option, Media: Diversified & Production
HEC Purchaser Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/17/2029 Maturity #2
-$15.0K
+0.50%
2029-06-17
Instant Web Holdings, LLC
Media: Advertising, Printing & Publishing
Class A Common Units, Equity
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #3
-$4.0K
+0.50%
2027-09-30
Language Education Holdings GP LLC
Services: Business
Common Units, Equity
Language Education Holdings GP LLC
Services: Business
Common Units, Services: Business
Live Comfortably Inc.
Consumer Goods: Durable
Common Stock, Equity
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #4
+1.00%
2028-04-29
Moss Holding Company, Senior Secured First Lien Debt, 10/17/2026 Maturity
Services: Business
Senior Secured First Lien Debt #3
2026-10-17
Moss Holding Company, Senior Secured First Lien Debt, 10/17/2026 Maturity
Services: Business
Senior Secured First Lien Debt #4
2026-10-17
NS NWN Acquisition, LLC
High Tech Industries
Common Equity, Equity
New HW Holdings Corp.
Capital Equipment
Common Stock, Equity
Online Pharmacy Holdings, LLC
Healthcare & Pharmaceuticals
Series D-1 Common Equity, Equity
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 3/21/2030 Maturity #2
+0.50%
2030-03-21
Robert C. Hilliard
L.L.P.
Senior Secured First Lien Debt
16.44%
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 3/28/2026 Maturity
2026-03-28
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #3
-$7.0K
2028-09-28
SHF Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/22/2030 Maturity #3
+0.50%
2030-01-22
Sequoia Healthcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
12.75%
2023-11-04
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #4
-$9.0K
2026-10-12
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Warrants, Healthcare & Pharmaceuticals
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #4
2028-08-16
TG Parent NewCo LLC
Consumer Goods: Non-Durable
Common Units, Equity
TMK Hawk Parent, Corp.
Services: Business
Senior Secured First Lien Debt, 12/31/2028 Maturity
+0.00%
2028-12-31
Disclosed holdings FV
$1.82B
Parsed holdings FV
$1.89B
Residual gap
-$68.04M
Balance-sheet cash
$6.53M
CIK
0001534254
Accession
0001534254-25-000012
Form type
10-Q
Period
2025-06-30