BDC·info
CION

CION Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.87B
255 holdings
Avg Spread
+7.03%
FV-weighted, debt
Avg Coupon
9.93%
FV-weighted
% First Lien
84.0%
of debt FV
Unrealized P/L
-$97.38M
-4.95% of cost
Non-Accrual
7
text-detected

Balance sheet

Assets$1.90B
Liabilities + Equity$1.90B
First Lien
$1.55B · 81.8%
Equity
$214.37M · 11.3%
Debt (Borrowings)
$1.10B · 58.0%
Net Assets (Equity)
$756.78M · 39.9%

Industry Composition

Services: Business
14.7%
Healthcare & Pharmaceuticals
12.0%
Retail
7.6%
Media: Diversified & Production
6.8%
Energy: Oil & Gas
6.2%
Services: Consumer
6.1%
Beverage, Food & Tobacco
5.8%
Media: Advertising, Printing & Publishing
5.8%
Construction & Building
5.2%
Consumer Goods: Durable
5.1%
Banking, Finance, Insurance & Real Estate
3.4%
Diversified Financials
3.1%
Other industries
18.2%

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
Q1 '26
Q2 '26

Spread Distribution

0.0%
 
1.0%
 
4.0%
 
5.5%
 
6.5%
 
7.5%
 
8.5%
 
9.5%
 
10.5%
 
12.0%
 
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
255 of 289
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #2
$68.60M
$79.05M
-$10.45M
—+6.50%
2027-12-21
First American Treasury Obligations Fund, Class Z Shares, Short Term Investments
—
Senior Secured Second Lien Debt
$53.98M
$53.98M
$0.00
4.22%—
—
Longview Intermediate Holdings C, LLC
Energy: Oil & Gas
Membership Units, Equity
$49.83M
$12.84M
$37.00M
——
—
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2026 Maturity #1
$38.29M
$38.00M
$296.0K
—+5.50%
2029-05-04
JP Intermediate B, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 11/20/2027 Maturity
$38.14M
$21.93M
$16.20M
—+6.50%
2027-11-20
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #1
$37.94M
$52.42M
-$14.48M
—+7.00%
2027-02-25
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
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
ALM Global, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/21/2029 Maturity #1
$29.43M
$29.43M
$0.00
—+5.50%
2029-02-21
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #1
$28.62M
$28.62M
$0.00
—+10.50%
2027-10-13
Hilliard, Martinez & Gonzales, LLP.
Services: Consumer
Senior Secured First Lien Debt, 4/30/2025 Maturity
$28.29M
$28.89M
-$601.0K
—+12.00%
2025-04-30
OpCo Borrower, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/26/2029 Maturity
$28.13M
$28.02M
$101.0K
—+5.75%
2029-04-26
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity #1
$27.27M
$27.11M
$159.0K
—+5.75%
2027-03-17
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #1
$27.23M
$28.84M
-$1.61M
—+6.28%
2025-10-31
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #1
$25.07M
$46.35M
-$21.28M
—+9.50%
2026-11-15
Future Pak, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/22/2026 Maturity
$24.88M
$24.88M
$0.00
—+6.00%
2026-09-22
Wok Holdings Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 3/1/2026 Maturity
$23.80M
$23.85M
-$56.0K
—+6.25%
2026-03-01
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #1
$22.98M
$22.75M
$228.0K
—+7.50%
2025-06-29
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
Moss Holding Company., Senior Secured First Lien Debt, 10/17/2026 Maturity,
Services: Business
Senior Secured First Lien Debt #1
$21.83M
$21.63M
$203.0K
—+5.75%
2026-10-17
Klein Hersh, LLC.
Services: Business
Senior Secured First Lien Debt, 4/27/2028 Maturity
$20.84M
$20.76M
$78.0K
—+8.50%
2028-04-27
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 1/31/2026 Maturity #1
$20.75M
$20.75M
$0.00
—+6.40%
2026-01-31
FuseFX, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/30/2026 Maturity
$20.30M
$20.81M
-$512.0K
—+6.00%
2026-09-30
Carestream Health Holdings, Inc.
Healthcare & Pharmaceuticals
Common Stock, Equity
$19.98M
$21.76M
-$1.78M
——
—
Core Health & Fitness, LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 6/17/2029 Maturity
$19.85M
$19.59M
$255.0K
——
2029-06-17
SRA Parent, LLC
Banking, Finance, Insurance & Real Estate
Common Units, Equity
$19.54M
$17.59M
$1.95M
——
—
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #1
$19.49M
$19.48M
$10.0K
—+7.00%
2027-02-07
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #1
$18.74M
$18.69M
$49.0K
—+6.00%
2027-05-27
PRA Acquisition, LLC, 5/12/2028 Maturity
Hotel, Gaming & Leisure
Senior Secured First Lien Debt
$18.66M
$18.75M
-$94.0K
—+6.50%
2028-05-12
ICA Foam Holdings, LLC.
Containers, Packaging & Glass
Senior Secured First Lien Debt, 12/5/2026 Maturity
$18.64M
$18.75M
-$114.0K
—+6.00%
2026-12-05
CION/EagleTree Partners, LLC
Diversified Financials
Participating Preferred Shares, Equity
$18.52M
$22.07M
-$3.56M
——
—
SHF Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/22/2030 Maturity #1
$18.21M
$18.21M
$0.00
—+5.50%
2030-01-22
Inotiv, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/5/2026 Maturity
$17.95M
$20.08M
-$2.13M
—+6.75%
2026-11-05
KeyImpact Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/31/2029 Maturity
$17.92M
$17.76M
$156.0K
—+6.50%
2029-01-31
Hollander Intermediate LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 9/19/2027 Maturity
$17.86M
$18.44M
-$580.0K
—+8.75%
2027-09-19
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt 6/30/2028, Maturity #1
$17.50M
$17.50M
-$2.0K
—+5.50%
2028-06-30
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #1
$17.50M
$17.52M
-$22.0K
—+7.25%
2028-04-29
Celerity Acquisition Holdings, LLC
Services: Business
Senior Secured First Lien Debt, 5/28/2026 Maturity
$16.87M
$16.86M
$12.0K
—+8.50%
2026-05-28
Trammell, P.C.
Services: Consumer
Senior Secured First Lien Debt, 4/28/2026 Maturity
$16.57M
$16.57M
$0.00
—+15.50%
2026-04-28
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #1
$16.56M
$16.55M
$15.0K
—+6.75%
2026-04-22
Berlitz Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 5/31/2025 Maturity #1
$16.32M
$16.73M
-$409.0K
—+9.00%
2025-05-31
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #1
$16.23M
$15.94M
$284.0K
—+6.25%
2027-07-02
INW Manufacturing, LLC.
Services: Business
Senior Secured First Lien Debt, 3/25/2027 Maturity
$15.78M
$16.30M
-$522.0K
—+5.75%
2027-03-25
Riddell, Inc
Consumer Goods: Durable
/ All American Sports Corp., Senior Secured First Lien Debt, 3/29/2029 Maturity
$15.73M
$15.70M
$32.0K
—+6.00%
2029-03-29
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2025 Maturity #1
$15.18M
$16.41M
-$1.24M
15.00%—
2025-04-16
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #1
$15.08M
$15.02M
$63.0K
—+5.75%
2028-09-28
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #1
$14.81M
$14.81M
$0.00
—+6.50%
2028-08-16
American Health Staffing Group, Inc.
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity #1
$14.77M
$14.72M
$49.0K
—+5.00%
2026-11-19
APS Acquisition Holdings, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2029 Maturity #1
$14.63M
$14.63M
$0.00
—+5.75%
2029-07-11
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #1
$14.60M
$14.60M
$0.00
—+7.00%
2027-06-07
Playboy Enterprises, Inc.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 5/25/2027 Maturity
$14.41M
$14.27M
$140.0K
—+6.25%
2027-05-25
Trademark Global, LLC.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 6/30/2027 Maturity
$14.08M
$18.60M
-$4.52M
—+8.50%
2027-06-30
Cabi, LLC
Retail
Senior Secured First Lien Debt, 2/28/2027 Maturity
$14.06M
$14.27M
-$212.0K
—+6.00%
2027-02-28
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2025 Maturity #1
$13.83M
$15.90M
-$2.07M
—+7.00%
2025-06-30
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 3/21/2030 Maturity #3
$13.79M
$13.79M
$0.00
—+8.00%
2030-03-21
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2025 Maturity #2
$13.66M
$13.62M
$34.0K
17.00%—
2025-04-16
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
First Lien Term Loan, Non-Controlled, Affiliated Investments
$13.49M
—
—
——
—
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #1
$13.43M
$13.32M
$107.0K
—+6.50%
2026-10-12
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #1
$13.30M
$13.30M
$0.00
—+6.00%
2029-02-28
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 12/31/2026 Maturity #1
$12.95M
$13.30M
-$355.0K
—+7.50%
2026-12-31
Bradshaw International Parent Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2027 Maturity
$12.63M
$12.57M
$64.0K
—+5.75%
2027-10-21
Community Tree Service, LLC.
Construction & Building
Senior Secured First Lien Debt, 6/17/2027 Maturity
$12.09M
$12.09M
-$6.0K
—+8.50%
2027-06-17
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity #1
$11.70M
$11.70M
$0.00
—+8.50%
2028-12-22
Ancile Solutions, Inc.
High Tech Industries
Senior Secured First Lien Debt, 6/11/2026 Maturity
$11.55M
$10.56M
$987.0K
—+10.00%
2026-06-11
HEC Purchaser Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/17/2029 Maturity #1
$11.11M
$10.97M
$142.0K
—+5.50%
2029-06-17
Carestream Health, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/30/2027 Maturity
$11.08M
$10.34M
$737.0K
—+7.50%
2027-09-30
IPP Buyer Holdings, LLC
Retail
Class A Units, Equity
$10.93M
$10.74M
$193.0K
——
—
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity #1
$10.92M
$10.86M
$62.0K
—+6.50%
2025-12-20
URS Topco, LLC
Transportation: Cargo
Common Equity, Equity
$10.88M
$9.67M
$1.21M
——
—
Adapt Laser Acquisition, Inc
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #1
$10.71M
$10.43M
$286.0K
—+12.00%
2025-12-31
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #1
$10.41M
$11.32M
-$905.0K
—+6.75%
2026-04-08
SRA Parent, LLC
Banking, Finance, Insurance & Real Estate
Preferred Units (12% Return), Equity
$9.81M
$9.71M
$94.0K
——
—
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #1
$9.78M
$18.62M
-$8.84M
—+9.50%
2025-05-29
NewsCycle Solutions, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/27/2024 Maturity
$9.46M
$12.28M
-$2.82M
—+7.00%
2024-02-27
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #1
$9.14M
$9.04M
$109.0K
—+5.75%
2028-04-22
Isagenix International, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 4/14/2028 Maturity
$8.97M
$9.60M
-$636.0K
—+6.50%
2028-04-14
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #1
$8.81M
$8.95M
-$134.0K
—+6.00%
2027-12-21
David's Bridal Holdings, LLC
Retail
Class A Common Units, Equity
$8.65M
$23.13M
-$14.47M
——
—
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #2
$8.65M
$8.62M
$33.0K
—+6.25%
2027-07-02
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #1
$8.58M
$8.45M
$124.0K
—+6.50%
2028-07-24
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2029 Maturity #1
$8.51M
$8.73M
-$219.0K
—+8.00%
2029-03-12
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #1
$8.51M
$8.50M
$9.0K
—+8.75%
2026-08-31
Spin Holdco Inc.
Services: Business
Senior Secured First Lien Debt, 3/4/2028 Maturity
$8.45M
$8.67M
-$220.0K
—+4.00%
2028-03-04
Avison Young (Canada) Inc.
Banking, Finance, Insurance & Real Estate
Class A Preferred Shares (12.5% Return), Equity
$8.12M
$10.04M
-$1.92M
——
—
Newbury Franklin Industrials LLC
Capital Equipment
Senior Secured First Lien Debt, 12/11/2029 Maturity #1
$7.90M
$7.89M
$5.0K
—+7.00%
2029-12-11
Allen Media, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 2/10/2027 Maturity
$7.73M
$8.63M
-$899.0K
—+5.50%
2027-02-10
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #3
$7.46M
$7.46M
$0.00
—+7.00%
2027-06-07
Manus Bio Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 8/20/2026 Maturity
$7.43M
$6.69M
$745.0K
15.00%—
2026-08-20
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #3
$7.33M
$7.75M
-$420.0K
9.50%—
2025-06-29
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2028 Maturity
$7.31M
$7.32M
-$10.0K
—+6.25%
2028-03-12
TMK Hawk Parent, Corp.
Services: Business
Senior Secured First Lien Debt, 6/30/2029, Maturity
$7.21M
$7.42M
-$214.0K
—+5.25%
2029-06-30
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #1
$6.96M
$6.92M
$41.0K
—+5.25%
2027-09-30
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #2
$6.66M
$6.81M
-$146.0K
9.50%—
2025-06-29
David's Bridal Holdings, LLC
Retail
Preferred Units, Equity
$6.64M
$10.82M
-$4.18M
——
—
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 9/30/2024 Maturity
$6.17M
$11.14M
-$4.97M
—+5.00%
2024-09-30
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #2
$6.11M
$6.09M
$15.0K
—+6.75%
2026-04-22
Snap Fitness Holdings, Inc.
Services: Consumer
Class A Common Stock, Equity
$5.63M
$3.08M
$2.55M
——
—
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/16/2027 Maturity
$5.44M
$5.80M
-$355.0K
—+8.25%
2027-08-16
Lucky Bucks Holdings LLC.
Hotel, Gaming & Leisure
Unsecured Debt, 5/29/2028 Maturity
$5.32M
$22.86M
-$17.55M
12.50%—
2028-05-29
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 9/15/2024 Maturity
$4.81M
$5.00M
-$194.0K
—+10.00%
2024-09-15
Palmetto Clean Technology, Inc.
High Tech Industries
Warrants, Equity
$4.71M
$472.0K
$4.24M
——
—
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #1
$4.66M
$5.26M
-$598.0K
—+6.00%
2026-09-28
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #1
$4.63M
$11.80M
-$7.17M
—+9.50%
2027-07-01
PLBY Group, Inc.
Consumer Goods: Non-Durable
Series B Preferred Stock, Equity
$4.56M
$4.46M
$97.0K
——
—
HUMC Holdco, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$4.54M
$4.94M
-$395.0K
8.00%—
2023-11-04
TMK Hawk Parent, Corp.
Services: Business
Common Shares, Equity
$4.46M
$8.58M
-$4.12M
——
—
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #2
$4.41M
$4.67M
-$256.0K
—+6.28%
2025-10-31
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 2/16/2027 Maturity
$4.27M
$4.07M
$198.0K
—+8.00%
2027-02-16
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #2
$4.16M
$4.11M
$52.0K
—+5.75%
2028-04-22
SRA Holdings, LLC
Banking, Finance, Insurance & Real Estate
Unsecured Debt, 3/24/2025 Maturity
$4.10M
$4.10M
$0.00
—+6.00%
2025-03-24
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 7/31/2025 Maturity #1
$3.89M
$4.08M
-$192.0K
—+5.09%
2025-07-31
Xenon Arc, Inc.
High Tech Industries
Senior Secured First Lien Debt, 12/20/2028 Maturity
$3.83M
$3.80M
$23.0K
—+5.25%
2028-12-20
Atlas Supply LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/29/2025 Maturity
$3.77M
$5.00M
-$1.23M
13.00%—
2025-04-29
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #3
$3.72M
$3.71M
$11.0K
—+6.50%
2027-12-21
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #2
$3.71M
$3.71M
-$1.0K
—+9.50%
2026-11-15
Moss Holding Company, Senior Secured First Lien Debt, 10/17/2026 Maturity,
Services: Business
Senior Secured First Lien Debt #2
$3.71M
$3.67M
$34.0K
—+5.75%
2026-10-17
Adapt Laser Acquisition, Inc
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #2
$3.61M
$3.63M
-$28.0K
—+12.00%
2025-12-31
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #2
$3.59M
$4.06M
-$467.0K
—+5.00%
2026-09-28
HW Acquisition, LLC
Capital Equipment
Revolving Loan,
$3.56M
—
—
——
—
David's Bridal, Inc.
Retail
Fourteenth Amendment Term Loan, Controlled Investments
$3.30M
—
—
——
—
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #2
$3.29M
$3.29M
$0.00
——
2027-10-13
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #2
$3.29M
$3.31M
-$24.0K
—+6.50%
2027-02-25
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 3/30/2025, Maturity
$3.26M
$3.18M
$80.0K
—+7.00%
2025-03-30
Online Pharmacy Holdings, LLC
Healthcare & Pharmaceuticals
Series A Preferred Equity (5% Return), Equity
$3.08M
$3.08M
$0.00
——
—
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
-$23.0K
——
2039-04-28
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #2
$2.84M
$2.78M
$60.0K
—+7.00%
2027-02-07
WorkGenius, LLC
Services: Business
Class A-1 Units, Equity
$2.83M
$2.83M
$0.00
——
—
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 1/31/2026 Maturity #2
$2.76M
$2.76M
$0.00
—+8.00%
2026-01-31
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2029 Maturity #2
$2.72M
$2.97M
-$252.0K
—+8.00%
2029-03-12
K&N Holdco, LLC
Consumer Goods: Durable
Membership Units, Equity
$2.67M
$8.93M
-$6.26M
——
—
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #2
$2.57M
$2.63M
-$58.0K
—+8.75%
2026-08-31
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #3
$2.51M
$2.46M
$49.0K
—+6.25%
2027-07-02
EBSC Holdings LLC
Consumer Goods: Durable
Preferred Units (10% Return), Equity
$2.37M
$2.18M
$193.0K
——
—
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #4
$2.36M
$2.36M
$0.00
—+7.00%
2027-06-07
Robert C. Hilliard, L.L.P.
Services: Consumer
Senior Secured First Lien Debt, 4/30/2025 Maturity
$2.36M
$2.42M
-$66.0K
—+12.00%
2025-04-30
Snap Fitness Holdings, Inc.
Services: Consumer
Warrants, Equity
$2.28M
$1.25M
$1.03M
——
—
Emerald Technologies (U.S.) Acquisitionco, Inc.
Services: Business
Senior Secured First Lien Debt, 12/29/2027 Maturity
$2.24M
$2.75M
-$508.0K
—+6.25%
2027-12-29
New Giving Acquisition, Inc.
Healthcare & Pharmaceuticals
Common Stock, Equity
$2.17M
$633.0K
$1.54M
——
—
Avison Young (Canada) Inc.
Banking, Finance, Insurance & Real Estate
Class F Common Shares, Equity
$2.15M
$3.18M
-$1.03M
——
—
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2029 Maturity #3
$2.15M
$2.15M
$0.00
—+5.50%
2029-05-04
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #3
$2.12M
$2.12M
$0.00
10.00%—
2025-10-31
Language Education Holdings LP
Services: Business
Ordinary Common Units, Equity
$2.10M
$825.0K
$1.27M
——
—
Mount Logan Capital Inc.
Banking, Finance, Insurance & Real Estate
Common Stock, Equity
$2.06M
$3.53M
-$1.48M
——
—
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #2
$2.00M
$1.98M
$11.0K
—+5.25%
2027-09-30
Isagenix Worldwide, Inc.
Beverage, Food & Tobacco
Common Shares, Equity
$1.99M
$8.99M
-$7.00M
——
—
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity #2
$1.97M
$1.95M
$17.0K
—+6.50%
2025-12-20
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity #2
$1.95M
$1.91M
$43.0K
—+8.50%
2028-12-22
Service Compression Holdings, LLC
Energy: Oil & Gas
Warrants, Equity
$1.93M
$1.43M
$503.0K
——
—
First American Treasury Obligations Fund
—
Class Z Shares
$1.93M
$1.93M
$0.00
——
—
The Men's Wearhouse, LLC
Retail
Senior Secured First Lien Debt, 2/26/2029 Maturity
$1.91M
$1.90M
$12.0K
—+6.50%
2029-02-26
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #2
$1.88M
$1.89M
-$3.0K
—+7.25%
2028-04-29
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #2
$1.62M
$1.59M
$30.0K
—+5.75%
2028-09-28
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #4
$1.55M
$1.56M
-$8.0K
——
2027-02-25
Instant Web, LLC
Media: Advertising, Printing & Publishing
First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments
$1.52M
—
—
——
—
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #2
$1.52M
$1.52M
$0.00
—+6.50%
2028-08-16
Klein Hersh, LLC
Services: Business
Unsecured Debt, 4/27/2032 Maturity
$1.50M
$988.0K
$514.0K
0.00%—
2032-04-27
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #3
$1.40M
$1.37M
$28.0K
——
2026-10-12
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured Second Lien Debt, 10/8/2026 Maturity
$1.39M
$2.07M
-$679.0K
—+9.00%
2026-10-08
Service Compression Holdings, LLC
Energy: Oil & Gas
Junior Preferred Units, Equity
$1.39M
$1.33M
$63.0K
——
—
TMK Hawk Parent, Corp.
Services: Business
Unsecured Debt, 12/15/2031 Maturity
$1.36M
$1.58M
-$222.0K
——
2031-12-15
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
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured Second Lien Debt, 11/1/2025 Maturity
$1.20M
$3.19M
-$1.99M
—+9.31%
2025-11-01
Heritage Power, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 7/20/2028 Maturity
$1.18M
$1.19M
-$9.0K
—+5.50%
2028-07-20
Hudson Hospital Opco, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$1.07M
$1.16M
-$88.0K
—+8.00%
2023-11-04
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #2
$1.06M
$1.00M
$57.0K
0.00%—
2027-07-01
LB NewHoldco LLC
Hotel, Gaming & Leisure
Voting Units, Equity
$1.05M
$4.20M
-$3.15M
——
—
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #2
$1.03M
$1.08M
-$55.0K
—+6.75%
2026-04-08
NSG Co-Invest (Bermuda) LP
Consumer Goods: Durable
Partnership Interests, Equity
$1.00M
$1.00M
$3.0K
——
—
WorkGenius, LLC
Services: Business
Class A Units, Equity
$897.0K
$500.0K
$397.0K
——
—
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #2
$827.0K
$1.66M
-$828.0K
—+9.50%
2025-05-29
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #6
$778.0K
$770.0K
$8.0K
—+9.50%
2025-05-29
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 12/31/2026 Maturity #2
$774.0K
$798.0K
-$24.0K
—+7.50%
2026-12-31
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #2
$750.0K
$743.0K
$7.0K
—+7.00%
2027-06-07
Ascent Resources - Marcellus, LLC
Energy: Oil & Gas
Membership Units, Equity
$673.0K
$1.64M
-$969.0K
——
—
Galaxy XV CLO Ltd.
Diversified Financials
Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 10/15/2030 Maturity
$654.0K
$978.0K
-$324.0K
——
2030-10-15
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
FWS Parent Holdings, LLC
Services: Business
Class A Membership Interests, Equity
$636.0K
$800.0K
-$164.0K
——
—
CF Arch Holdings LLC
Services: Business
Class A Units, Equity
$610.0K
$381.0K
$229.0K
——
—
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #3
$589.0K
$578.0K
$11.0K
—+3.75%
2027-02-25
PLBY Group, Inc.
Consumer Goods: Non-Durable
Common Stock, Equity
$569.0K
$956.0K
-$387.0K
——
—
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #3
$532.0K
$1.03M
-$499.0K
—+9.50%
2025-05-29
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #3
$525.0K
$525.0K
$0.00
—+6.50%
2028-08-16
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #4
$505.0K
$1.01M
-$505.0K
—+9.50%
2025-05-29
NS NWN Acquisition, LLC
High Tech Industries
Class A Preferred Units, Equity
$499.0K
—
—
——
—
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #2
$453.0K
$453.0K
$0.00
—+6.00%
2029-02-28
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #5
$443.0K
$817.0K
-$374.0K
—+9.50%
2025-05-29
David's Bridal Holdings, LLC
Retail
Class B Common Units, Equity
$436.0K
$291.0K
$145.0K
——
—
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #3
$405.0K
$406.0K
-$1.0K
—+7.25%
2028-04-29
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #2
$394.0K
$388.0K
$6.0K
—+7.00%
2026-10-12
ALM Global, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/21/2029 Maturity #2
$360.0K
$360.0K
$0.00
—+1.00%
2029-02-21
Yak Holding II, LLC
Construction & Building
Series A Common Units, Equity
$334.0K
—
—
——
—
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 3/21/2030 Maturity #2
$329.0K
$329.0K
$0.00
—+8.00%
2030-03-21
New HW Holdings Corp.
Capital Equipment
Preferred Stock, Equity
$306.0K
$9.90M
-$9.59M
——
—
CTS Ultimate Holdings, LLC
Construction & Building
Class A Preferred Units, Equity
$289.0K
$237.0K
$52.0K
——
—
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
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/18/2037 Maturity
$199.0K
—
—
5.00%—
2037-05-18
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #2
$197.0K
$171.0K
$26.0K
—+6.50%
2028-07-24
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 12/24/2025 Maturity
$180.0K
$176.0K
$4.0K
—+10.00%
2025-12-24
NS NWN Holdco LLC
High Tech Industries
Non-Voting Units, Equity
$151.0K
—
—
——
—
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
Sequoia Healthcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$128.0K
$8.53M
-$8.40M
12.75%—
2023-11-04
Heritage Litigation Trust, Restricted Stock
Energy: Oil & Gas
Equity
$124.0K
$100.0K
$24.0K
——
—
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #3
$122.0K
$119.0K
$3.0K
—+5.25%
2027-09-30
RumbleOn, Inc.
Automotive
Warrants, Equity, 8/14/2028 Maturity
$114.0K
$378.0K
-$264.0K
——
2028-08-14
TMK Hawk Parent, Corp.
Services: Business
Warrants, Equity
$91.0K
—
—
——
—
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 7/31/2025 Maturity #2
$77.0K
$79.0K
-$2.0K
—+7.50%
2025-07-31
GSC Technologies Inc.
Chemicals, Plastics & Rubber
Common Shares, Equity
$73.0K
—
—
——
—
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #2
$30.0K
—
—
——
2027-05-27
Berlitz Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 5/31/2025 Maturity #2
$6.0K
—
—
——
2025-05-31
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 3/28/2026 Maturity
$6.0K
—
—
——
2026-03-28
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
——
—
Bradshaw International Parent Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2026 Maturity
-$14.0K
-$15.0K
$1.0K
——
2026-10-21
Riddell, Inc
Consumer Goods: Durable
/ All American Sports Corp., Senior Secured First Lien Debt, 9/29/2026 Maturity
-$23.0K
—
—
—+0.00%
2026-09-29
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt 6/30/2028, Maturity #2
-$25.0K
-$25.0K
$0.00
——
2028-06-30
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #5
-$26.0K
—
—
——
2027-02-25
Newbury Franklin Industrials LLC
Capital Equipment
Senior Secured First Lien Debt, 12/11/2029 Maturity #2
-$27.0K
-$14.0K
-$13.0K
——
2029-12-11
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #3
-$34.0K
—
—
——
2026-09-28
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #3
-$58.0K
—
—
——
2026-04-08
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2025 Maturity #1
-$338.0K
—
—
—+0.00%
2025-06-30
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt
-$420.0K
—
—
—+0.00%
2027-12-21
ACS Holdings LLC
Healthcare & Pharmaceuticals
Class A-1 Membership Units, Equity
—
—
—
——
—
ALM Global, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/21/2029 Maturity #3
—
—
—
——
2029-02-21
ALM Global, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/21/2029 Maturity #4
—
—
—
——
2029-02-21
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
—
-$11.0K
—
——
2026-11-19
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #3
—
—
—
——
2026-11-15
CION/EagleTree Partners, LLC
Diversified Financials
Senior Secured Note
—
—
—
14.00%—
—
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2029 Maturity #2
—
—
—
——
2029-05-04
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #3
—
—
—
——
2028-07-24
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity #2
—
-$18.0K
—
—+1.00%
2027-03-17
HEC Purchaser Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/17/2029 Maturity #2
—
-$16.0K
—
—+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 #4
—
—
—
—+0.50%
2027-09-30
Language Education Holdings GP LLC
Services: Business
Common Units, Equity
—
—
—
——
—
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
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 1/31/2026 Maturity #3
—
—
—
——
2026-01-31
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
—
—
—
——
—
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2024 Maturity
—
—
—
—+1.00%
2025-04-14
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 #1
—
—
—
—+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, 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 #2
—
—
—
—+0.50%
2030-01-22
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #4
—
-$11.0K
—
——
2026-10-12
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
$1.85B
Parsed holdings FV
$1.87B
Residual gap
-$23.81M
Balance-sheet cash
$7.72M
CIK
0001534254
Accession
0001534254-25-000009
Form type
10-Q
Period
2025-03-31