CION
CION Investment
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%
First Lien
$1.45B · 77.0%
Second Lien
$57.54M · 3.1%
Subordinated
$9.57M · 0.5%
Other Debt
$12.55M · 0.7%
Equity
$291.13M · 15.5%
Equity
$291.13M · 15.5%
Other
$5.02M · 0.3%
Cash & Equivalents
$6.53M · 0.3%
Other Assets
$49.62M · 2.6%
Debt (Borrowings)
$1.10B · 58.6%
Debt (Borrowings)
$1.10B · 58.6%
Other Liabilities
$20.53M · 1.1%
Net Assets (Equity)
$758.61M · 40.3%
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%
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
| Issuer | Industry | Type | 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 |