BDC·info
CION

CION Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.91B
253 holdings
Avg Spread
+7.15%
FV-weighted, debt
Avg Coupon
9.72%
FV-weighted
% First Lien
82.6%
of debt FV
Unrealized P/L
-$32.11M
-1.65% of cost
Non-Accrual
7
text-detected

Balance sheet

Assets$1.95B
Liabilities + Equity$1.95B
First Lien
$1.56B · 80.2%
Equity
$236.37M · 12.1%
Debt (Borrowings)
$1.10B · 56.5%
Net Assets (Equity)
$820.81M · 42.2%

Industry Composition

Services: Business
14.9%
Healthcare & Pharmaceuticals
11.0%
Retail
8.4%
Media: Diversified & Production
6.8%
Energy: Oil & Gas
6.1%
Services: Consumer
5.8%
Media: Advertising, Printing & Publishing
5.7%
Beverage, Food & Tobacco
5.3%
Construction & Building
5.2%
Consumer Goods: Durable
5.0%
Unclassified
4.1%
Banking, Finance, Insurance & Real Estate
3.4%
Other industries
18.4%

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

3.5%
 
5.0%
 
6.0%
6.5%
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
253 of 283
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #1
$73.18M
$77.05M
-$3.87M
+6.50%
2027-12-21
First American Treasury Obligations Fund., Short Term Investments
Senior Secured Second Lien Debt
$68.82M
$68.82M
$0.00
4.36%
Longview Intermediate Holdings C, LLC
Energy: Oil & Gas
Membership Units., Equity
$52.17M
$12.84M
$39.33M
JP Intermediate B, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 11/20/2027 Maturity
$42.70M
$21.30M
$21.41M
+6.50%
2027-11-20
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2026 Maturity #1
$38.39M
$38.09M
$298.0K
+5.50%
2029-05-04
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #1
$36.56M
$50.95M
-$14.39M
+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
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #1
$34.78M
$45.07M
-$10.29M
+9.50%
2026-11-15
ALM Global, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/21/2029 Maturity #1
$29.50M
$29.50M
$0.00
+5.50%
2029-02-21
OpCo Borrower, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/26/2029 Maturity
$28.88M
$28.76M
$116.0K
+6.00%
2029-04-26
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/28/2027 Maturity
$28.78M
$28.72M
$61.0K
+8.00%
2027-09-28
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #1
$28.30M
$28.30M
$0.00
+10.50%
2027-10-13
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2025 Maturity #1
$27.55M
$28.02M
-$462.0K
+6.28%
2025-10-31
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity
$27.34M
$27.16M
$187.0K
+5.75%
2027-03-17
Hilliard, Martinez & Gonzales, LLP.
Services: Consumer
Senior Secured First Lien Debt, 2/14/2025 Maturity
$27.33M
$27.85M
-$522.0K
+12.00%
2025-02-14
NTM Acquisition Corp.
Hotel, Gaming & Leisure
Senior Secured First Lien Debt, 6/18/2026 Maturity
$24.75M
$24.75M
$0.00
+6.75%
2026-06-18
David's Bridal Holdings, LLC
Retail
Common Units, Equity
$24.57M
$23.13M
$1.44M
Wok Holdings Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 3/1/2026 Maturity
$23.77M
$24.28M
-$508.0K
+6.25%
2026-03-01
Flatworld Intermediate Corp.
Services: Business
Senior Secured First Lien Debt, 10/3/2027 Maturity #1
$22.96M
$22.96M
$0.00
+6.75%
2027-10-03
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #1
$22.81M
$22.81M
$0.00
+7.50%
2025-06-29
Moss Holding Company., Senior Secured First Lien Debt, 10/17/2026 Maturity,
Services: Business
Senior Secured First Lien Debt #1
$21.89M
$21.59M
$309.0K
+5.75%
2026-10-17
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 1/31/2026 Maturity #1
$20.93M
$20.93M
$0.00
+7.50%
2026-01-31
Klein Hersh, LLC.
Services: Business
Senior Secured First Lien Debt, 4/27/2028 Maturity
$20.38M
$20.61M
-$235.0K
+8.50%
2028-04-27
FuseFX, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/30/2026 Maturity
$20.14M
$20.59M
-$447.0K
+6.00%
2026-09-30
Carestream Health Holdings Inc.
Healthcare & Pharmaceuticals
Common Stock, Equity Securities
$20.11M
$21.76M
-$1.65M
Core Health & Fitness, LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 6/17/2029 Maturity
$19.80M
$19.62M
$177.0K
+8.00%
2029-06-17
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #1
$19.52M
$19.51M
$10.0K
+7.00%
2027-02-07
Inotiv, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/5/2026 Maturity,
$19.21M
$20.04M
-$830.0K
+6.75%
2026-11-05
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #2
$19.11M
$19.08M
$31.0K
+6.00%
2027-05-27
ICA Foam Holdings, LLC
Containers, Packaging & Glass
Senior Secured First Lien Debt, 12/5/2025 Maturity
$18.69M
$18.76M
-$73.0K
+6.00%
2026-12-05
PRA Acquisition, LLC.
Hotel, Gaming & Leisure
Senior Secured First Lien Debt, 5/12/2028 Maturity
$18.61M
$18.75M
-$141.0K
+6.50%
2028-05-12
KeyImpact Holdings, Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 1/31/2029 Maturity
$18.58M
$18.42M
$161.0K
+6.50%
2029-01-31
CION/EagleTree Partners, LLC
Diversified Financials
Participating Preferred Shares Equity
$18.10M
$22.07M
-$3.97M
Hollander Intermediate LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 9/19/2026 Maturity
$17.61M
$17.80M
-$193.0K
+8.75%
2026-09-19
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #1
$17.54M
$17.54M
$0.00
+7.25%
2028-04-29
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt, 6/30/2028 Maturity #1
$17.52M
$17.53M
-$4.0K
+5.50%
2028-06-30
SRA Parent, LLC
Banking, Finance, Insurance & Real Estate
Common Units., Equity
$17.28M
$17.59M
-$313.0K
Celerity Acquisition Holdings, LLC
Services: Business
Senior Secured First Lien Debt, 5/28/2026 Maturity
$16.75M
$16.73M
$14.0K
+8.50%
2026-05-28
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #1
$16.52M
$16.57M
-$53.0K
+6.75%
2026-04-22
INW Manufacturing, LLC.
Services: Business
Senior Secured First Lien Debt, 3/25/2027 Maturity
$15.97M
$16.52M
-$543.0K
+5.75%
2027-03-25
Riddell, Inc.
Consumer Goods: Durable
/ All American Sports Corp., Senior Secured First Lien Debt, 3/29/2029 Maturity #1
$15.94M
$15.78M
$155.0K
+6.00%
2029-03-29
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #2
$15.90M
$15.73M
$166.0K
+6.25%
2028-09-28
Trammell, P.C.
Services: Consumer
Senior Secured First Lien Debt, 4/28/2026 Maturity
$15.78M
$15.78M
$0.00
+15.50%
2026-04-28
American Health Staffing Group, Inc.
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity #2
$15.40M
$15.34M
$66.0K
+5.00%
2026-11-19
Stengel Hill Architecture, LLC.
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #1
$14.89M
$14.89M
-$1.0K
+6.50%
2028-08-16
Trademark Global, LLC.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 6/30/2027 Maturity #1
$14.83M
$18.09M
-$3.26M
+8.50%
2027-06-30
Berlitz Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 5/31/2025 Maturity
$14.67M
$14.84M
-$170.0K
+9.00%
2025-05-31
Archer Systems, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2027 Maturity #1
$14.66M
$14.66M
$0.00
+5.75%
2029-07-11
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #1
$14.65M
$14.65M
$0.00
+7.00%
2027-06-07
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/5/2023 Maturity #1
$14.32M
$15.85M
-$1.53M
15.00%
2025-04-16
Playboy Enterprises, Inc.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 5/25/2027 Maturity
$14.23M
$14.07M
$158.0K
+6.25%
2027-05-25
Cabi, LLC
Retail
Senior Secured First Lien Debt, 2/28/2027 Maturity
$14.01M
$14.26M
-$249.0K
+6.00%
2027-02-28
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #1
$13.49M
$13.38M
$112.0K
+6.50%
2026-10-12
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #1
$13.33M
$13.33M
$0.00
+6.00%
2029-02-28
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 12/31/2026 Maturity #1
$13.07M
$13.42M
-$342.0K
+7.50%
2026-12-31
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/5/2023 Maturity #2
$13.06M
$13.06M
-$1.0K
17.00%
2025-04-16
Bradshaw International Parent Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2027 Maturity #1
$12.76M
$12.58M
$178.0K
+5.75%
2027-10-21
Future Pak, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/22/2026 Maturity
$12.65M
$12.65M
$0.00
+9.00%
2026-09-22
Community Tree Service, LLC.
Construction & Building
Senior Secured First Lien Debt, 6/17/2027 Maturity
$12.08M
$12.08M
-$1.0K
+9.75%
2027-06-17
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity #1
$11.85M
$11.85M
$0.00
+8.50%
2028-12-22
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2025 Maturity #1
$11.74M
$13.73M
-$1.99M
+7.00%
2025-06-30
IPP Buyer Holdings, LLC
Retail
Class A Units Equity
$11.64M
$10.74M
$904.0K
Ancile Solutions, Inc.
High Tech Industries
Senior Secured First Lien Debt, 6/11/2026 Maturity
$11.37M
$10.66M
$712.0K
+10.00%
2026-06-11
Carestream Health, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/30/2027 Maturity
$11.17M
$10.37M
$805.0K
+7.50%
2027-09-30
HEC Purchaser Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/17/2029 Maturity #1
$11.14M
$10.99M
$153.0K
+5.50%
2029-06-17
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
First Lien Term Loan, Non-Controlled, Affiliated Investments
$11.07M
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity #1
$10.98M
$10.89M
$90.0K
+6.50%
2025-12-20
Adapt Laser Acquisition, Inc.
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #1
$10.80M
$10.49M
$302.0K
+10.00%
2025-12-31
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #1
$10.47M
$11.32M
-$849.0K
+6.75%
2026-04-08
URS Topco, LLC
Transportation: Cargo
Common Equity., Equity
$10.46M
$9.67M
$796.0K
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #2
$10.22M
$10.02M
$192.0K
+6.25%
2027-07-02
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #2
$9.91M
$10.16M
-$254.0K
+6.00%
2027-12-21
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity #1
$9.79M
$17.95M
-$8.16M
+9.50%
2025-05-29
David's Bridal Holdings, LLC
Retail
Preferred Units, Equity
$9.57M
$10.82M
-$1.25M
SRA Parent, LLC
Banking, Finance, Insurance & Real Estate
Preferred Units, Equity
$9.53M
$9.52M
$9.0K
NewsCycle Solutions, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/27/2024 Maturity
$9.52M
$12.28M
-$2.76M
+7.00%
2024-02-27
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/28/2024 Maturity #3
$9.27M
$9.25M
$17.0K
+9.00%
2024-06-28
Isagenix International, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 4/14/2028 Maturity
$9.23M
$9.39M
-$164.0K
+6.50%
2028-04-14
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #1
$9.17M
$9.05M
$121.0K
+5.75%
2028-04-22
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #1
$8.67M
$8.63M
$41.0K
+6.25%
2027-07-02
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #1
$8.60M
$8.46M
$135.0K
+6.50%
2028-07-24
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2029 Maturity #1
$8.59M
$8.59M
$0.00
+8.00%
2029-03-12
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #1
$8.48M
$8.43M
$47.0K
+8.75%
2026-08-31
Spin Holdco Inc.
Services: Business
Senior Secured First Lien Debt, 3/4/2028 Maturity
$8.45M
$8.60M
-$158.0K
+4.00%
2028-03-04
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 9/30/2024 Maturity
$8.23M
$11.14M
-$2.91M
+5.00%
2024-09-30
Avison Young (Canada) Inc.
Banking, Finance, Insurance & Real Estate
Class A Preferred Shares, Equity
$7.96M
$9.73M
-$1.77M
Newbury Franklin Industrials LLC
Capital Equipment
Senior Secured First Lien Debt, 12/11/2029 Maturity #1
$7.91M
$7.90M
$2.0K
+7.00%
2029-12-11
Allen Media, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 2/10/2027 Maturity
$7.68M
$8.64M
-$960.0K
+5.50%
2027-02-10
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #2
$7.46M
$7.46M
$0.00
+7.00%
2027-06-07
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2028 Maturity
$7.42M
$7.33M
$93.0K
+6.25%
2028-03-12
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #3
$7.39M
$7.52M
-$136.0K
9.50%
2025-06-29
AHF Parent Holding, Inc.
Construction & Building
Senior Secured First Lien Debt, 2/1/2028 Maturity
$7.38M
$7.31M
$73.0K
+6.25%
2028-02-01
Manus Bio Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 8/20/2026 Maturity
$7.04M
$7.02M
$22.0K
13.00%
2026-08-20
TMK Hawk Parent, Corp
Services: Business
Senior Secured First Lien Debt, 6/30/2029 Maturity
$7.04M
$7.28M
-$237.0K
+5.25%
2029-06-30
Ironhorse Purchaser, LLC
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #1
$6.98M
$6.94M
$46.0K
+5.25%
2027-09-30
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #2
$6.58M
$6.64M
-$67.0K
9.50%
2025-06-29
Isagenix Worldwide, Inc.
Beverage, Food & Tobacco
Common Shares Equity
$6.32M
$8.99M
-$2.67M
PLBY Group, Inc.
Consumer Goods: Non-Durable
Series B Preferred Stock, Equity
$6.15M
$5.95M
$203.0K
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #2
$6.10M
$6.11M
-$10.0K
+6.75%
2026-04-22
A-AG US Protein Bidco, Inc.
Capital Equipment
Senior Secured First Lien Debt, 11/1/2031 Maturity,
$6.06M
$5.94M
$119.0K
+5.00%
2031-11-01
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/16/2027 Maturity
$5.41M
$5.72M
-$314.0K
+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
Snap Fitness Holdings, Inc.
Services: Consumer
Class A Common Stock., Equity
$5.03M
$3.08M
$1.95M
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 9/15/2024 Maturity
$4.86M
$5.00M
-$137.0K
+10.00%
2024-09-15
Atlas Supply LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/29/2025 Maturity
$4.80M
$5.00M
-$200.0K
13.00%
2025-04-29
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #2
$4.79M
$5.12M
-$321.0K
+6.00%
2026-09-28
HW Acquisitions, LLC
First Lien Term Loan, Non-Controlled, Affiliated Investments
$4.79M
Avison Young (Canada) Inc.
Banking, Finance, Insurance & Real Estate
Class F Common Shares Equity
$4.71M
$3.18M
$1.53M
HUMC Holdco, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$4.59M
$4.94M
-$346.0K
+8.00%
2023-11-04
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #1
$4.59M
$11.71M
-$7.12M
+9.50%
2027-07-01
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
$4.42M
$4.49M
-$70.0K
+6.28%
2025-10-31
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 2/16/2027 Maturity
$4.31M
$4.08M
$237.0K
+8.00%
2027-02-16
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #2
$4.17M
$4.11M
$57.0K
+5.75%
2028-04-22
Sequoia Healthcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$4.13M
$8.53M
-$4.39M
12.75%
2023-11-04
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
Xenon Arc, Inc.
High Tech Industries
Senior Secured First Lien Debt, 12/20/2028 Maturity
$3.84M
$3.81M
$26.0K
+5.25%
2028-12-20
Palmetto Clean Technology, Inc.
High Tech Industries
Warrants., Equity
$3.82M
$472.0K
$3.34M
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 7/31/2025 Maturity #1
$3.76M
$3.95M
-$190.0K
+5.09%
2025-07-31
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #2
$3.64M
$3.64M
$0.00
+9.50%
2026-11-15
Adapt Laser Acquisition, Inc.
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #2
$3.58M
$3.60M
-$19.0K
+10.00%
2025-12-31
Nova Compression, LLC
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #2
$3.30M
$3.30M
$0.00
+10.50%
2027-10-13
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #3
$3.15M
$3.36M
-$213.0K
2026-09-28
New HW Holdings Corp.
Capital Equipment
Preferred Stock, Equity
$3.14M
$9.90M
-$6.76M
HW Acquisitions, LLC
Revolving Loan, Non-Controlled, Affiliated Investments
$3.14M
K&N Holdco, LLC
Consumer Goods: Durable
Membership Units, Equity
$2.85M
$8.93M
-$6.08M
Language Education Holdings LP
Services: Business
Ordinary Common Units., Equity
$2.78M
$825.0K
$1.95M
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/12/2029 Maturity #2
$2.77M
$2.94M
-$162.0K
+8.00%
2029-03-12
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 1/31/2026 Maturity #2
$2.76M
$2.76M
$0.00
+7.50%
2026-01-31
Moss Holding Company., Senior Secured First Lien Debt, 10/17/2026 Maturity,
Services: Business
Senior Secured First Lien Debt #2
$2.65M
$2.63M
$26.0K
+5.75%
2026-10-17
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #2
$2.56M
$2.62M
-$56.0K
+8.75%
2026-08-31
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #3
$2.52M
$2.46M
$55.0K
+6.25%
2027-07-02
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/28/2024 Maturity #2
$2.48M
$2.48M
$0.00
+12.00%
2024-06-28
EBSC Holdings LLC
Consumer Goods: Durable
Preferred Units, Equity
$2.46M
$2.13M
$331.0K
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #4
$2.44M
$2.49M
-$48.0K
+6.50%
2027-02-25
Instant Web, LLC
Media: Advertising, Printing & Publishing
Revolving Loan, Non-Controlled, Affiliated Investments
$2.43M
New Giving Acquisition, Inc.
Healthcare & Pharmaceuticals
Warrants, Equity
$2.32M
$633.0K
$1.69M
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #2
$2.31M
$2.25M
$59.0K
+7.00%
2027-02-07
Emerald Technologies (U.S.) Acquisitionco, Inc.
Services: Business
Senior Secured First Lien Debt, 12/29/2027 Maturity
$2.30M
$2.76M
-$460.0K
+6.25%
2027-12-29
Robert C. Hilliard, L.L.P.
Services: Consumer
Senior Secured First Lien Debt, 2/14/2025 Maturity
$2.27M
$2.31M
-$43.0K
+12.00%
2025-02-14
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 3/30/2025 Maturity,
$2.17M
$2.12M
$52.0K
+7.00%
2025-03-30
Mount Logan Capital Inc.
Banking, Finance, Insurance & Real Estate
Common Stock., Equity
$2.04M
$3.53M
-$1.49M
Snap Fitness Holdings, Inc.
Services: Consumer
Warrants., Equity
$2.04M
$1.25M
$791.0K
Ironhorse Purchaser, LLC
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #2
$2.00M
$1.99M
$12.0K
+5.25%
2027-09-30
Ivy Hill Middle Market Credit Fund VIII, Ltd.
Diversified Financials
Subordinated Loan., Collateralized Securities and Structured Products - Equity, 4/28/2039 Maturity
$1.99M
$2.00M
-$13.0K
2039-04-28
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity #2
$1.98M
$1.96M
$24.0K
+6.50%
2025-12-20
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity #2
$1.98M
$1.93M
$47.0K
+8.50%
2028-12-22
Service Compression, LLC
Energy: Oil & Gas
Warrants., Equity
$1.96M
$1.43M
$532.0K
The Men's Wearhouse, LLC.
Retail
Senior Secured First Lien Debt, 2/26/2029 Maturity
$1.91M
$1.90M
$10.0K
+6.50%
2029-02-26
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #2
$1.89M
$1.89M
$0.00
+7.25%
2028-04-29
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #1
$1.67M
$1.63M
$43.0K
+6.25%
2028-09-28
First American Treasury Obligations Fund
Class Z Shares
$1.64M
$1.64M
$0.00
Stengel Hill Architecture, LLC.
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity #2
$1.53M
$1.53M
-$4.0K
+6.50%
2028-08-16
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/28/2024 Maturity #1
$1.51M
$1.51M
$0.00
+9.00%
2024-06-28
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 10/10/2024 Maturity
$1.50M
$1.50M
$0.00
+5.25%
2024-10-10
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #3
$1.49M
$1.51M
-$27.0K
+6.50%
2027-02-25
Instant Web, LLC
Media: Advertising, Printing & Publishing
First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments
$1.46M
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #3
$1.41M
$1.38M
$28.0K
+6.50%
2026-10-12
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured Second Lien Debt, 11/1/2025 Maturity
$1.39M
$3.18M
-$1.80M
+9.31%
2025-11-01
Service Compression Holdings, LLC
Energy: Oil & Gas
Junior Preferred Units, Equity
$1.35M
$1.33M
$24.0K
WPLM Acquisition Corp.
Services: Business
Unsecured Debt, 12/15/2031 Maturity
$1.31M
$1.54M
-$221.0K
11.00%
2031-12-15
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured Second Lien Debt, 10/8/2026 Maturity
$1.29M
$2.00M
-$711.0K
+9.00%
2026-10-08
Heritage Power, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 7/20/2028 Maturity
$1.18M
$1.19M
-$17.0K
+7.00%
2028-07-20
LB NewHoldco LLC
Hotel, Gaming & Leisure
Voting Units,.Equity
$1.15M
$4.20M
-$3.05M
Hudson Hospital Opco, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2024 Maturity
$1.09M
$1.16M
-$65.0K
+8.00%
2023-11-04
Klein Hersh, LLC
Services: Business
Unsecured Debt, 4/27/2032 Maturity
$1.08M
$988.0K
$93.0K
0.00%
2032-04-27
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #2
$1.03M
$1.07M
-$40.0K
+6.75%
2026-04-08
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #3
$1.02M
$1.02M
$0.00
+5.75%
2028-04-22
NSG Co-Invest (Bermuda) LP
Consumer Goods: Durable
Partnership Interests., Equity
$988.0K
$1.00M
-$12.0K
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #2
$942.0K
$1.00M
-$62.0K
0.00%
2027-07-01
ALM Global, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/21/2029 Maturity #2
$900.0K
$900.0K
$0.00
+5.50%
2029-02-21
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity #2
$822.0K
$1.60M
-$774.0K
+9.50%
2025-05-29
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 12/31/2026 Maturity #2
$776.0K
$798.0K
-$22.0K
+7.50%
2026-12-31
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #6
$750.0K
$743.0K
$7.0K
+9.50%
2025-05-29
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #3
$750.0K
$742.0K
$8.0K
+7.00%
2027-06-07
WorkGenius, LLC
Services: Business
Class A Units., Equity
$746.0K
$500.0K
$246.0K
Galaxy XV CLO Ltd.
Diversified Financials
Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 10/15/2030 Maturity
$693.0K
$978.0K
-$285.0K
2030-10-15
CF Arch Holdings LLC
Services: Business
Class A Units, Equity
$689.0K
$381.0K
$308.0K
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2029 Maturity #2
$653.0K
$653.0K
$0.00
+5.50%
2029-05-04
Ascent Resources - Marcellus, LLC
Energy: Oil & Gas
Membership Units., Equity
$652.0K
$1.64M
-$990.0K
Williams Industrial Services Group, Inc.
Services: Business
Senior Secured First Lien Debt, 12/16/2025 Maturity
$641.0K
$1.43M
-$785.0K
+11.00%
2025-12-16
NS NWN Acquisition, LLC
High Tech Industries
Class A Preferred Units., Equity
$599.0K
FWS Parent Holdings, LLC.
Services: Business
Class A Membership Interests, Equity
$596.0K
$800.0K
-$204.0K
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #2
$573.0K
$562.0K
$11.0K
+3.75%
2027-02-25
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2025 Maturity #3
$529.0K
$972.0K
-$443.0K
+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
$502.0K
$975.0K
-$473.0K
+9.50%
2025-05-29
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #2
$455.0K
$455.0K
$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
$770.0K
-$327.0K
+9.50%
2025-05-29
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #3
$405.0K
$405.0K
$0.00
+7.25%
2028-04-29
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #2
$397.0K
$393.0K
$4.0K
+7.00%
2026-10-12
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt, 6/30/2028 Maturity #2
$363.0K
$341.0K
$22.0K
+5.50%
2028-06-30
CTS Ultimate Holdings, LLC
Construction & Building
Class A Preferred Units Equity
$323.0K
$237.0K
$86.0K
Ironhorse Purchaser, LLC
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #4
$265.0K
$261.0K
$4.0K
+5.25%
2027-09-30
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity #3
$243.0K
$224.0K
$19.0K
RumbleOn, Inc.
Automotive
Warrants., Equity
$233.0K
$378.0K
-$145.0K
Yak Holding II, LLC
Construction & Building
Series A Common Units., Equity
$207.0K
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
NS NWN Holdco LLC
High Tech Industries
Non-Voting Units., Equity
$181.0K
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
Independent Pet Partners Intermediate Holdings, LLC
Energy: Oil & Gas
Class A Preferred Units., Equity
$117.0K
$100.0K
$17.0K
TMK Hawk Parent, Corp.
Services: Business
Warrants., Equity
$94.0K
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/18/2037 Maturity
$81.0K
5.00%
2037-05-18
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 7/31/2025 Maturity #2
$75.0K
$77.0K
-$2.0K
+7.50%
2025-07-31
GSC Technologies Inc.
Chemicals, Plastics & Rubber
Common Shares., Equity
$32.0K
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2024 Maturity #1
$28.0K
2027-05-27
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 3/1/2025 Maturity,
$26.0K
2025-03-01
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 3/28/2026 Maturity
$22.0K
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
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #3
-$5.0K
2027-02-07
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #1
-$10.0K
2026-09-28
Riddell, Inc.
Consumer Goods: Durable
/ All American Sports Corp., Senior Secured First Lien Debt, 3/29/2029 Maturity #2
-$12.0K
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #6
-$15.0K
2027-02-25
CrossLink Professional Tax Solutions, LLC
High Tech Industries
Senior Secured First Lien Debt, 6/30/2028 Maturity #3
-$23.0K
2028-06-30
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #3
-$26.0K
2026-04-08
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #5
-$30.0K
2027-02-25
Newbury Franklin Industrials LLC
Capital Equipment
Senior Secured First Lien Debt, 12/11/2029 Maturity #2
-$30.0K
-$15.0K
-$15.0K
2029-12-11
American Consolidated Natural Resources, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2025 Maturity
-$667.0K
2025-06-30
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, 7/11/2029 Maturity #2
2029-07-11
APS Acquisition Holdings, LLC
Construction & Building
Senior Secured First Lien Debt, 7/11/2029 Maturity #3
2029-07-11
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2026 Maturity #3
2026-02-28
American Family Care, LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 2/28/2029 Maturity #4
2029-02-28
American Health Staffing Group, Inc.
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity #2
-$12.0K
2026-11-19
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #3
2026-11-15
Bradshaw International Parent Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2026 Maturity #2
-$17.0K
2026-10-21
CION/EagleTree Partners, LLC
Diversified Financials
Senior Secured Note
14.00%
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2029 Maturity
2029-05-04
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #4
2028-04-22
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #3
2028-07-24
Flatworld Intermediate Corp.
Services: Business
Senior Secured First Lien Debt, 10/3/2027 Maturity #2
2027-10-03
GSC Technologies Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity #2
-$20.0K
2027-03-17
HEC Purchaser Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/17/2029 Maturity #2
-$17.0K
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
2027-09-30
Language Education Holdings GP LLC
Services: Business
Common Units., Equity
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2025 Maturity
2025-04-29
Lux Credit Consultants LLC
Automotive
Senior Secured First Lien Debt, 4/29/2028 Maturity #4
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
RA Outdoor, LLC
Senior Secured Second Lien Debt
13.74%
Robert C. Hilliard
L.L.P.
Senior Secured First Lien Debt
16.67%
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/28/2028 Maturity #3
-$5.0K
2028-09-28
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #4
-$13.0K
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
2028-12-31
Disclosed holdings FV
$1.89B
Parsed holdings FV
$1.91B
Residual gap
-$24.54M
Balance-sheet cash
$7.67M
CIK
0001534254
Accession
0001534254-25-000004
Form type
10-K
Period
2024-12-31