BDC·info
CION

CION Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.96B
235 holdings
Avg Spread
+7.27%
FV-weighted, debt
Avg Coupon
9.50%
FV-weighted
% First Lien
80.0%
of debt FV
Unrealized P/L
-$20.26M
-1.02% of cost
Non-Accrual
11
text-detected

Balance sheet

Assets$2.00B
Liabilities + Equity$2.00B
First Lien
$1.56B · 78.1%
Equity
$230.16M · 11.5%
Debt (Borrowings)
$1.08B · 54.0%
Net Assets (Equity)
$879.56M · 43.9%

Industry Composition

Services: Business
14.4%
Healthcare & Pharmaceuticals
12.2%
Media: Diversified & Production
6.9%
Retail
6.9%
Media: Advertising, Printing & Publishing
6.0%
Unclassified
5.9%
Services: Consumer
5.5%
Energy: Oil & Gas
5.4%
Construction & Building
5.4%
Diversified Financials
4.4%
Chemicals, Plastics & Rubber
4.2%
Beverage, Food & Tobacco
3.5%
Other industries
19.4%

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
Q1 '26
Q2 '26

Spread Distribution

0.5%
 
3.5%
 
4.5%
 
5.5%
6.0%
6.5%
 
7.5%
 
8.5%
 
9.5%
 
10.5%
 
12.0%
 
15.5%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
235 of 264
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
First American Treasury Obligations Fund, Class Z Shares, Short Term Investments
—
Senior Secured Second Lien Debt
$113.45M
$113.45M
$0.00
5.24%—
—
CION/EagleTree Partners, LLC.
Diversified Financials
Senior Secured First Lien Debt, 12/21/2026 Maturity
$59.60M
$59.60M
$0.00
14.00%—
2026-12-21
David's Bridal Holdings, LLC
Retail
Common Units, Equity
$41.42M
$23.13M
$18.29M
——
—
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #1
$38.03M
$40.11M
-$2.08M
—+9.50%
2026-11-15
Coyote Buyer, LLC.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt, 2/6/2025 Maturity #1
$33.69M
$33.57M
$119.0K
—+6.00%
2026-02-06
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/28/2027 Maturity
$32.19M
$32.11M
$78.0K
—+9.00%
2027-09-28
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #1
$28.55M
$44.97M
-$16.41M
—+7.00%
2027-02-25
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2024 Maturity #1
$27.38M
$27.48M
-$101.0K
—+6.28%
2024-10-31
JP Intermediate B, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 8/21/2027 Maturity
$27.16M
$18.53M
$8.63M
—+5.50%
2027-08-21
Nova Compression, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity
$27.00M
$27.00M
$0.00
—+10.50%
2027-10-13
Service Compression, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 5/6/2027 Maturity #1
$25.55M
$23.15M
$2.40M
—+10.00%
2027-05-06
SRA Holdings, LLC
Banking, Finance, Insurance & Real Estate
Membership Units, Equity
$25.52M
$23.61M
$1.90M
——
—
Usalco, LLC.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt, 10/19/2027 Maturity
$25.43M
$25.24M
$192.0K
—+6.00%
2027-10-19
CION/EagleTree Partners, LLC
Diversified Financials
Participating Preferred Shares Equity
$25.04M
$22.07M
$2.97M
——
—
NTM Acquisition Corp.
Hotel, Gaming & Leisure
Senior Secured First Lien Debt, 6/18/2026 Maturity
$25.00M
$25.00M
$0.00
—+6.75%
2026-06-18
Hilliard, Martinez & Gonzales, LLP.
Services: Consumer
Senior Secured First Lien Debt, 9/16/2024 Maturity
$24.84M
$25.03M
-$186.0K
—+12.00%
2024-09-16
Wok Holdings Inc.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 3/1/2026 Maturity
$24.67M
$24.29M
$382.0K
—+6.25%
2026-03-01
Pentec Acquisition Corp.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 10/8/2026 Maturity
$24.50M
$24.35M
$149.0K
—+6.00%
2026-10-08
Flatworld Intermediate Corp.
Services: Business
Senior Secured First Lien Debt, 10/3/2027 Maturity #1
$23.21M
$23.21M
$0.00
—+7.00%
2027-10-03
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #1
$23.05M
$23.05M
-$1.0K
—+7.50%
2025-06-29
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2026 Maturity #1
$22.39M
$22.42M
-$27.0K
—+6.25%
2026-05-04
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #2
$22.05M
$22.05M
$0.00
—+6.50%
2027-12-21
Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity,
Services: Business
Senior Secured First Lien Debt #1
$21.90M
$22.04M
-$134.0K
—+6.25%
2024-04-17
Longview Intermediate Holdings C, LLC
Energy: Oil & Gas
Membership Units., Equity
$21.73M
$2.70M
$19.02M
——
—
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 12/21/2024 Maturity #1
$21.64M
$21.64M
$0.00
—+6.40%
2024-12-21
Carestream Health Holdings Inc.
Healthcare & Pharmaceuticals
Common Stock, Equity
$21.39M
$21.76M
-$372.0K
——
—
Yak Access, LLC.
Construction & Building
Senior Secured First Lien Debt, 3/10/2028 Maturity
$20.62M
$18.77M
$1.85M
—+6.40%
2028-03-10
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #1
$20.00M
$20.03M
-$29.0K
—+6.50%
2027-05-27
PRA Acquisition, LLC, 5/12/2028 Maturity
Hotel, Gaming & Leisure
Senior Secured First Lien Debt
$19.75M
$19.90M
-$149.0K
—+6.50%
2028-05-12
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #1
$19.39M
$19.63M
-$235.0K
—+7.00%
2027-02-07
FuseFX, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 9/30/2026 Maturity
$19.11M
$19.64M
-$528.0K
—+6.00%
2026-09-30
Playboy Enterprises, Inc.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 5/25/2027 Maturity
$18.93M
$19.37M
-$446.0K
—+4.25%
2027-05-25
Future Pak, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/22/2026 Maturity
$18.81M
$18.81M
$0.00
—+9.00%
2026-09-22
Klein Hersh, LLC.
Services: Business
Senior Secured First Lien Debt, 4/27/2027 Maturity
$18.80M
$21.92M
-$3.12M
—+13.13%
2027-04-27
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 1/31/2026 Maturity
$18.60M
$13.30M
$5.30M
—+6.50%
2026-01-31
ICA Foam Holdings, LLC.
Containers, Packaging & Glass
Senior Secured First Lien Debt, 11/5/2025 Maturity
$18.48M
$18.83M
-$349.0K
—+7.25%
2025-11-05
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #1
$16.97M
$16.99M
-$21.0K
—+6.25%
2026-04-22
David's Bridal, LLC.
Retail
Senior Secured First Lien Debt, 12/21/2027 Maturity #1
$16.69M
$17.03M
-$340.0K
—+6.00%
2027-12-21
Cabi, LLC
Retail
Senior Secured First Lien Debt, 2/28/2027 Maturity
$16.39M
$16.30M
$94.0K
—+4.50%
2027-02-28
American Health Staffing Group, Inc.
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity #1
$16.38M
$16.27M
$104.0K
—+5.00%
2026-11-19
Hollander Intermediate LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 9/19/2026 Maturity
$16.33M
$16.39M
-$65.0K
—+8.75%
2026-09-19
INW Manufacturing, LLC.
Services: Business
Senior Secured First Lien Debt, 3/25/2027 Maturity
$16.29M
$17.42M
-$1.13M
—+5.75%
2027-03-25
Celerity Acquisition Holdings, LLC
Services: Business
Senior Secured First Lien Debt, 5/28/2026 Maturity
$16.12M
$16.10M
$22.0K
—+10.00%
2026-05-28
ALM Media, LLC
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 11/25/2024 Maturity
$16.00M
$15.93M
$66.0K
—+6.00%
2024-11-25
Inotiv, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/5/2026 Maturity
$15.77M
$16.15M
-$376.0K
—+6.75%
2026-11-05
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #1
$15.66M
$18.66M
-$3.01M
—+5.00%
2026-09-28
Gold Medal Holdings, Inc.
Environmental Industries
Senior Secured First Lien Debt, 3/17/2027 Maturity
$15.34M
$15.22M
$116.0K
—+7.00%
2027-03-17
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/28/2028 Maturity #1
$15.31M
$15.35M
-$45.0K
—+9.00%
2024-06-28
Trammell, P.C.
Services: Consumer
Senior Secured First Lien Debt, 4/28/2026 Maturity
$15.21M
$15.21M
$0.00
—+15.50%
2026-04-28
Stengel Hill Architecture, LLC
Construction & Building
Senior Secured First Lien Debt, 8/16/2028 Maturity
$15.00M
$15.00M
$0.00
—+6.50%
2028-08-16
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/9/2025 Maturity #1
$14.91M
$14.93M
-$19.0K
—+7.00%
2025-09-09
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #1
$14.82M
$14.82M
$0.00
—+7.50%
2027-06-07
Trademark Global, LLC.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 7/30/2024 Maturity
$14.35M
$15.72M
-$1.37M
—+7.50%
2024-07-30
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #1
$13.63M
$13.47M
$166.0K
—+6.50%
2026-10-12
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/28/2025 Maturity #1
$13.47M
$13.41M
$60.0K
—+6.50%
2025-08-28
Fluid Control II Inc.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt 8/3/2029 Maturity #1
$13.23M
$13.23M
$0.00
—+6.50%
2029-08-03
Berlitz Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 2/14/2025 Maturity
$13.10M
$13.34M
-$244.0K
—+9.00%
2025-02-14
Bradshaw International Parent Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2027 Maturity
$12.88M
$12.66M
$215.0K
—+5.75%
2027-10-21
R. R. Donnelley & Sons Company , 3/22/2028 Maturity
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt
$12.85M
$12.79M
$60.0K
—+7.25%
2028-03-22
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #1
$12.80M
$12.53M
$273.0K
—+6.75%
2027-07-02
Critical Nurse Staffing, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/1/2026 Maturity #1
$12.80M
$12.80M
$0.00
—+6.50%
2026-11-01
David's Bridal Holdings, LLC
Retail
Preferred Units, Equity
$12.49M
$10.82M
$1.67M
——
—
NewsCycle Solutions, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/27/2024 Maturity
$12.32M
$12.32M
$0.00
—+7.00%
2024-02-27
URS Topco, LLC
Transportation: Cargo
Common Equity
$12.20M
$9.67M
$2.53M
——
—
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/22/2028 Maturity
$12.00M
$12.00M
$0.00
—+8.50%
2028-12-22
IPP Buyer Holdings, LLC.
Retail
Equity
$11.91M
$10.74M
$1.17M
——
—
OpCo Borrower, LLC.
Healthcare & Pharmaceuticals
Senior Secured Second Lien Debt, 2/19/2028 Maturity
$11.81M
$11.79M
$18.0K
12.50%—
2028-02-19
Community Tree Service, LLC.
Construction & Building
Senior Secured First Lien Debt, 6/17/2027 Maturity
$11.60M
$11.57M
$29.0K
—+8.50%
2027-06-17
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2026 Maturity #2
$11.54M
$11.55M
-$11.0K
—+6.25%
2026-05-04
AMCP Clean Acquisition Company, LLC
Services: Business
Senior Secured First Lien Debt, 6/15/2025 Maturity
$11.44M
$11.40M
$36.0K
—+4.25%
2025-06-15
Carestream Health, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 9/30/2027 Maturity
$11.42M
$10.46M
$966.0K
—+7.50%
2027-09-30
Global Tel*Link Corp.
Telecommunications
Senior Secured Second Lien Debt, 11/29/2026 Maturity
$11.41M
$11.40M
$13.0K
—+10.00%
2026-11-29
LGC US Finco, LLC.
Capital Equipment
Senior Secured First Lien Debt, 12/20/2025 Maturity
$11.23M
$11.05M
$173.0K
—+6.50%
2025-12-20
Adapt Laser Acquisition, Inc.
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #1
$11.13M
$10.86M
$271.0K
—+10.00%
2025-12-31
Manus Bio Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 8/20/2026 Maturity
$11.09M
$11.04M
$51.0K
13.00%—
2026-08-20
Ancile Solutions, Inc.
High Tech Industries
Senior Secured First Lien Debt, 6/11/2026 Maturity
$11.08M
$11.01M
$72.0K
—+10.00%
2026-06-11
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #2
$10.98M
$10.98M
$0.00
—+6.75%
2026-04-08
OpCo Borrower, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 8/19/2027 Maturity #1
$10.94M
$10.73M
$200.0K
—+6.50%
2027-08-19
STATinMED, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/1/2027 Maturity
$10.36M
$10.68M
-$320.0K
—+9.50%
2027-07-01
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #1
$9.26M
$9.11M
$151.0K
—+6.00%
2028-04-22
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #1
$9.24M
$9.09M
$150.0K
—+8.75%
2026-08-31
PH Beauty Holdings III. Inc.
Consumer Goods: Non-Durable
Senior Secured First Lien Debt, 9/28/2025 Maturity
$9.11M
$9.23M
-$119.0K
—+5.00%
2025-09-28
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 9/30/2024 Maturity
$8.96M
$11.12M
-$2.17M
—+5.00%
2024-09-30
Retail Services WIS Corp.
Services: Business
Senior Secured First Lien Debt, 5/20/2025 Maturity
$8.96M
$8.93M
$30.0K
—+8.35%
2025-05-20
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2024 Maturity #1
$8.89M
$12.02M
-$3.13M
15.00%—
2024-04-16
Harland Clarke Holdings Corp.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 6/16/2026 Maturity
$8.89M
$9.24M
-$353.0K
—+7.75%
2026-06-16
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #2
$8.76M
$8.70M
$56.0K
—+6.25%
2027-07-02
WPLM Acquisition Corp.
Media: Advertising, Printing & Publishing
Unsecured Debt, 11/24/2025 Maturity
$8.74M
$8.83M
-$94.0K
15.00%—
2025-11-24
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #1
$8.60M
$8.52M
$79.0K
—+6.50%
2028-07-24
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2024 Maturity #1
$8.58M
$15.40M
-$6.82M
—+9.50%
2024-11-29
Isagenix International, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 4/14/2028 Maturity
$8.52M
$8.58M
-$65.0K
—+5.50%
2028-04-14
Allen Media, LLC
Media: Diversified & Production
Senior Secured First Lien Debt, 2/10/2027 Maturity
$8.49M
$8.72M
-$231.0K
—+5.50%
2027-02-10
Isagenix Worldwide, Inc.
Beverage, Food & Tobacco
Equity
$8.40M
$8.99M
-$583.0K
——
—
HUMC Holdco, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$7.78M
$7.78M
$0.00
8.00%—
2023-11-04
Reorganized Heritage TopCo, LLC
Energy: Oil & Gas
Common Stock
$7.74M
$7.22M
$512.0K
——
—
Service Compression, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 5/6/2027 Maturity #2
$7.67M
$6.95M
$721.0K
—+10.00%
2027-05-06
Sequoia Healthcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$7.29M
$8.54M
-$1.25M
12.75%—
2023-11-04
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #1
$7.05M
$7.00M
$59.0K
—+6.50%
2027-09-30
Project Castle, Inc.
Capital Equipment
Senior Secured First Lien Debt, 6/1/2029 Maturity
$7.04M
$7.19M
-$144.0K
—+5.50%
2029-06-01
Avalign Holdings, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 12/22/2025 Maturity
$6.27M
$6.32M
-$50.0K
—+4.50%
2025-12-22
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/22/2026 Maturity #2
$6.26M
$6.26M
$2.0K
—+6.25%
2026-04-22
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #3
$6.26M
$6.67M
-$412.0K
9.50%—
2025-06-29
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/30/2025 Maturity
$6.11M
$6.32M
-$214.0K
—+7.00%
2025-06-30
Coyote Buyer, LLC.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt, 8/6/2026 Maturity
$6.06M
$6.00M
$66.0K
—+8.00%
2026-08-06
K&N Holdco, LLC
Consumer Goods: Durable
Membership Units, Equity
$6.06M
$8.36M
-$2.29M
——
—
Lift Brands, Inc.
Services: Consumer
Senior Secured First Lien Debt, 6/29/2025 Maturity #2
$5.81M
$6.01M
-$199.0K
9.50%—
2025-06-29
TMK Hawk Parent, Corp.
Services: Business
Senior Secured First Lien Debt, 8/28/2024 Maturity #1
$5.36M
$6.00M
-$638.0K
—+3.50%
2024-08-28
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/16/2027 Maturity
$5.24M
$5.44M
-$197.0K
—+8.25%
2027-08-16
Appalachian Resource Company, LLC
Metals & Mining
Senior Secured First Lien Debt, 9/15/2024 Maturity
$5.00M
$5.00M
$0.00
—+5.00%
2024-09-15
Atlas Supply LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/29/2025 Maturity
$4.94M
$5.00M
-$62.0K
11.00%—
2025-04-29
Medplast Holdings, Inc.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 7/2/2025 Maturity
$4.91M
$4.80M
$113.0K
—+3.75%
2025-07-02
Snap Fitness Holdings, Inc.
Services: Consumer
Class A Common Stock., Equity
$4.65M
$3.08M
$1.57M
——
—
Afore Insurance Services, LLC.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 3/24/2025 Maturity
$4.58M
$4.58M
$0.00
—+6.00%
2025-03-24
LAV Gear Holdings, Inc.
Services: Business
Senior Secured First Lien Debt, 10/31/2024 Maturity #2
$4.49M
$4.51M
-$22.0K
—+6.28%
2024-10-31
K&N Parent, Inc.
Consumer Goods: Durable
Senior Secured First Lien Debt, 2/16/2027 Maturity
$4.38M
$4.10M
$282.0K
—+8.00%
2027-02-16
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #2
$4.20M
$4.13M
$70.0K
—+6.00%
2028-04-22
Lucky Bucks Holdings LLC.
Hotel, Gaming & Leisure
Unsecured Debt, 5/26/2028 Maturity
$4.13M
$22.86M
-$18.73M
12.50%—
2028-05-26
NS NWN Acquisition, LLC
High Tech Industries
Class A Preferred Units., Equity
$4.05M
$110.0K
$3.94M
——
—
Yak Holding II, LLC
Construction & Building
Series A Preferred Units, Equity
$4.00M
$2.00M
$2.00M
——
—
Xenon Arc, Inc.
High Tech Industries
Senior Secured First Lien Debt, 12/17/2027 Maturity
$3.88M
$3.84M
$32.0K
—+5.75%
2027-12-17
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured First Lien Debt, 11/1/2024 Maturity
$3.62M
$3.63M
-$4.0K
—+4.89%
2024-11-01
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #3
$3.50M
$3.50M
$0.00
—+7.50%
2027-06-07
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #2
$3.08M
$3.26M
-$180.0K
—+9.50%
2026-11-15
Cennox, Inc.
Services: Business
Senior Secured First Lien Debt, 5/4/2026 Maturity #4
$2.98M
$2.99M
-$4.0K
——
2026-05-04
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #2
$2.83M
$2.91M
-$76.0K
—+6.50%
2027-02-25
RumbleOn, Inc.
Automotive
Senior Secured First Lien Debt, 8/31/2026 Maturity #2
$2.79M
$2.86M
-$70.0K
—+8.75%
2026-08-31
Palmetto Clean Technology, Inc.
High Tech Industries
Warrants., Equity
$2.77M
$471.0K
$2.30M
——
—
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 12/21/2024 Maturity #2
$2.76M
$2.76M
$0.00
—+6.40%
2024-12-21
New Giving Acquisition, Inc.
Healthcare & Pharmaceuticals
Warrants, Equity, 8/19/2029 Maturity
$2.69M
$633.0K
$2.05M
——
2029-08-19
AMCP Clean Acquisition Company, LLC
Services: Business
Senior Secured First Lien Debt, 6/15/2025 Maturity #1
$2.68M
$2.68M
$8.0K
—+4.25%
2025-06-15
AHF Parent Holding, Inc.
Construction & Building
Senior Secured First Lien Debt, 2/1/2028 Maturity
$2.66M
$2.70M
-$35.0K
—+6.25%
2028-02-01
Emerald Technologies (U.S.) Acquisitionco, Inc.
Services: Business
Senior Secured First Lien Debt, 12/29/2027 Maturity
$2.61M
$2.83M
-$215.0K
—+6.25%
2027-12-29
Securus Technologies Holdings, Inc.
Telecommunications
Senior Secured Second Lien Debt, 11/1/2025 Maturity
$2.59M
$2.99M
-$399.0K
—+8.91%
2025-11-01
Optio Rx, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 6/28/2028 Maturity #2
$2.50M
$2.48M
$27.0K
—+12.00%
2024-06-28
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #2
$2.44M
$2.91M
-$472.0K
—+5.00%
2026-09-28
Hudson Hospital Opco, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$2.14M
$2.18M
-$39.0K
—+8.00%
2023-11-04
Robert C. Hilliard, L.L.P.
Services: Consumer
Senior Secured First Lien Debt, 12/17/2023 Maturity
$2.13M
$2.15M
-$19.0K
—+12.00%
2024-09-16
Adapt Laser Acquisition, Inc.
Capital Equipment
Senior Secured First Lien Debt, 12/31/2025 Maturity #2
$2.08M
$2.10M
-$19.0K
—+10.00%
2025-12-31
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #2
$2.02M
$2.00M
$15.0K
—+6.50%
2027-09-30
Macquarie Capital Funding LLC
Hotel, Gaming & Leisure
Senior Secured Second Lien Debt
$2.02M
$4.20M
-$2.18M
——
—
STATinMed Parent, LLC
Healthcare & Pharmaceuticals
Class A Preferred Units, Equity
$2.02M
$6.18M
-$4.16M
——
—
Yak Holding II, LLC
Construction & Building
Series B-1 Preferred Units, Equity
$1.99M
$1.97M
$20.0K
——
—
GSC Technologies Inc.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt, 9/30/2025 Maturity #1
$1.98M
$2.05M
-$68.0K
—+5.00%
2025-09-30
Yak Holding II, LLC
Construction & Building
Series A Common Units, Equity
$1.97M
—
—
——
—
TMK Hawk Parent, Corp.
Services: Business
Senior Secured First Lien Debt, 8/28/2024 Maturity #2
$1.96M
$2.37M
-$411.0K
—+1.00%
2024-08-28
Avison Young (USA) Inc.
Banking, Finance, Insurance & Real Estate
Senior Secured First Lien Debt, 1/31/2026 Maturity #1
$1.95M
$922.0K
$1.03M
—+7.00%
2026-01-31
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2024 Maturity #2
$1.94M
$1.94M
$0.00
17.00%—
2024-04-16
Snap Fitness Holdings, Inc.
Services: Consumer
Warrants., Equity
$1.89M
$1.25M
$639.0K
——
—
RA Outdoors, LLC
Media: Diversified & Production
Senior Secured Second Lien Debt, 10/8/2026 Maturity
$1.82M
$1.81M
$11.0K
—+9.00%
2026-10-08
Mount Logan Capital Inc.
Banking, Finance, Insurance & Real Estate
Common Stock., Equity
$1.62M
$3.53M
-$1.91M
——
—
TMK Hawk Parent, Corp.
Services: Business
Senior Secured Second Lien Debt, 8/26/2025 Maturity
$1.47M
$13.29M
-$11.81M
—+8.00%
2025-08-26
Service Compression, LLC
Energy: Oil & Gas
Warrants., Equity
$1.43M
$509.0K
$917.0K
——
—
IJKG Opco LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/4/2023 Maturity
$1.42M
$1.44M
-$19.0K
—+8.00%
2023-11-04
Language Education Holdings LP
Services: Business
Ordinary Common Units., Equity
$1.38M
$825.0K
$557.0K
——
—
First American Treasury Obligations Fund
—
Class Z Shares
$1.31M
$1.31M
$0.00
——
—
GSC Technologies Inc.
Chemicals, Plastics & Rubber
Common Shares., Equity
$1.25M
—
—
——
—
Heritage Power, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 7/20/2026 Maturity
$1.16M
$1.16M
$0.00
—+5.50%
2026-07-20
Williams Industrial Services Group, Inc.
Services: Business
Senior Secured First Lien Debt, 12/16/2025 Maturity #1
$1.09M
$1.64M
-$544.0K
—+11.00%
2025-12-16
Galaxy XV CLO Ltd.
Diversified Financials
Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 4/15/2025 Maturity
$1.08M
$1.15M
-$69.0K
——
2025-04-15
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #4
$1.06M
$1.13M
-$72.0K
—+6.50%
2027-02-25
Instant Web, LLC
Media: Advertising, Printing & Publishing
First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments
$1.01M
—
—
——
—
Critical Nurse Staffing, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/1/2026 Maturity #2
$989.0K
$989.0K
$0.00
—+6.50%
2026-11-01
Ascent Resources - Marcellus, LLC
Energy: Oil & Gas
Membership Units., Equity
$971.0K
$1.64M
-$671.0K
——
—
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #3
$964.0K
$914.0K
$50.0K
—+6.25%
2027-07-02
NSG Co-Invest (Bermuda) LP
Consumer Goods: Durable
Partnership Interests., Equity
$962.0K
$1.00M
-$38.0K
——
—
GSC Technologies Inc.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt, 9/30/2025 Maturity #2
$942.0K
$985.0K
-$43.0K
—+5.00%
2025-09-30
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #2
$929.0K
$928.0K
$1.0K
—+7.00%
2027-02-07
NS NWN Holdco LLC
High Tech Industries
Non-Voting Units, Equity
$893.0K
$504.0K
$389.0K
——
—
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/9/2025 Maturity #2
$880.0K
$881.0K
-$1.0K
—+7.00%
2025-09-09
WorkGenius, Inc.
Services: Business
Senior Secured First Lien Debt, 6/7/2027 Maturity #2
$750.0K
$738.0K
$12.0K
—+7.50%
2027-06-07
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2024 Maturity #2
$721.0K
$1.37M
-$652.0K
—+9.50%
2024-11-29
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #1
$677.0K
$600.0K
$77.0K
—+6.75%
2026-04-08
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #3
$672.0K
$672.0K
$0.00
—+6.00%
2028-04-22
Nova Compression, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2027 Maturity #2
$652.0K
$652.0K
$0.00
—+10.50%
2027-10-13
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2024 Maturity #6
$645.0K
$639.0K
$6.0K
—+9.50%
2024-11-29
CF Arch Holdings LLC
Services: Business
Class A Units, Equity
$606.0K
$381.0K
$225.0K
——
—
WorkGenius, LLC
Services: Business
Class A Units., Equity
$584.0K
$500.0K
$84.0K
——
—
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #3
$513.0K
$497.0K
$16.0K
—+3.75%
2027-02-25
Entertainment Studios P&A LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/18/2037 Maturity
$505.0K
—
—
5.00%—
2037-05-18
Ironhorse Purchaser, LLC.
Services: Business
Senior Secured First Lien Debt, 9/30/2027 Maturity #3
$469.0K
$463.0K
$6.0K
—+6.50%
2027-09-30
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2024 Maturity #3
$463.0K
$806.0K
-$343.0K
—+9.50%
2024-11-29
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2024 Maturity #4
$440.0K
$838.0K
-$398.0K
—+9.50%
2024-11-29
FWS Parent Holdings, LLC
Services: Business
Class A Membership Interests, Equity
$434.0K
$800.0K
-$366.0K
——
—
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #2
$405.0K
$392.0K
$13.0K
—+7.00%
2026-10-12
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/28/2025 Maturity #2
$399.0K
$399.0K
$0.00
—+6.50%
2025-08-28
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2024 Maturity #5
$388.0K
$638.0K
-$250.0K
—+9.50%
2024-11-29
RumbleOn, Inc.
Automotive
Warrants, Equity, 8/14/2028 Maturity
$376.0K
$378.0K
-$2.0K
——
2028-08-14
KNB Holdings Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 4/26/2024 Maturity
$229.0K
$7.39M
-$7.16M
—+5.50%
2024-04-26
Williams Industrial Services Group, Inc.
Services: Business
Senior Secured First Lien Debt, 12/16/2025 Maturity #2
$218.0K
$327.0K
-$109.0K
—+11.00%
2025-12-16
American Teleconferencing Services, Ltd.
Telecommunications
Senior Secured First Lien Debt, 4/07/2023 Maturity #1
$140.0K
$3.12M
-$2.98M
—+5.50%
2023-04-07
Heritage Litigation Trust
Energy: Oil & Gas
Restricted Stock
$132.0K
$119.0K
$13.0K
——
—
Jenny C Acquisition, Inc.
Services: Consumer
Senior Secured First Lien Debt, 10/1/2024 Maturity #2
$131.0K
$534.0K
-$403.0K
—+9.00%
2024-10-01
DESG Holdings, Inc.
—
First Lien Term Loan, Non-Controlled, Affiliated Investments
$85.0K
—
—
——
—
Deluxe Entertainment Services, Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 3/25/2024 Maturity
$85.0K
$2.54M
-$2.46M
—+5.50%
2024-03-25
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2024 Maturity
$49.0K
—
—
——
2024-05-27
Service Compression, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 5/5/2025 Maturity
$38.0K
—
—
——
2025-05-06
Thrill Holdings LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 5/27/2027 Maturity #2
$26.0K
—
—
——
2027-05-27
Country Fresh Holdings, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 4/30/2024 Maturity #1
$21.0K
$645.0K
-$624.0K
—+6.00%
2024-04-30
APIDOS CLO XVI Subordinated Notes., Collateralized Securities and Structured Products
Diversified Financials
Equity, 1/19/2025 Maturity
$20.0K
$1.22M
-$1.20M
——
2025-01-19
OpCo Borrower, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 8/19/2027 Maturity #3
$10.0K
—
—
——
2027-08-19
Country Fresh Holdings, LLC.
Beverage, Food & Tobacco
Senior Secured First Lien Debt, 4/30/2024 Maturity #2
$9.0K
$268.0K
-$259.0K
—+6.00%
2024-04-30
NS NWN Acquisition, LLC
High Tech Industries
Common Equity, Equity
$0.00
$393.0K
-$393.0K
——
—
STATinMed Parent, LLC
Healthcare & Pharmaceuticals
Class B Preferred Units, Equity
$0.00
$3.19M
-$3.19M
——
—
Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity,
Services: Business
Senior Secured First Lien Debt #2
-$1.0K
—
—
——
2024-04-17
Bradshaw International Parent Corp.
Consumer Goods: Durable
Senior Secured First Lien Debt, 10/21/2026 Maturity
-$2.0K
-$26.0K
$24.0K
——
2026-10-21
HW Acquisition, LLC.
Capital Equipment
Senior Secured First Lien Debt, 9/28/2026 Maturity #3
-$2.0K
-$2.0K
$0.00
——
2026-09-28
Rogers Mechanical Contractors, LLC.
Construction & Building
Senior Secured First Lien Debt, 9/9/2025 Maturity #4
-$3.0K
—
—
——
2025-09-09
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 3/29/2024 Maturity #1
-$8.0K
-$8.0K
$0.00
——
2024-03-29
Anthem Sports & Entertainment Inc.
Media: Diversified & Production
Senior Secured First Lien Debt, 11/15/2026 Maturity #3
-$9.0K
—
—
——
2026-11-15
MacNeill Pride Group Corp.
Services: Consumer
Senior Secured First Lien Debt, 4/30/2024 Maturity
-$10.0K
-$11.0K
$1.0K
——
2024-04-30
ESP Associates, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/24/2028 Maturity #2
-$13.0K
-$26.0K
$13.0K
——
2028-07-24
Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity,
Services: Business
Senior Secured First Lien Debt #3
-$21.0K
—
—
——
2024-04-17
Instant Web, LLC.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 2/25/2027 Maturity #5
-$46.0K
-$49.0K
$3.0K
——
2027-02-25
BDS Solutions Intermediateco, LLC
Services: Business
Senior Secured First Lien Debt, 2/7/2027 Maturity #3
-$48.0K
-$48.0K
$0.00
——
2027-02-07
American Health Staffing Group, Inc.
Services: Business
Senior Secured First Lien Debt, 11/19/2026 Maturity #2
—
-$19.0K
—
——
2026-11-19
American Teleconferencing Services, Ltd.
Telecommunications
Senior Secured First Lien Debt, 4/07/2023 Maturity #2
—
—
—
——
2023-04-07
CION/EagleTree Partners, LLC
Diversified Financials
Senior Secured Note
—
—
—
14.00%—
—
Coyote Buyer, LLC.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt, 2/6/2025 Maturity #3
—
—
—
——
2025-02-06
Critical Nurse Staffing, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 11/1/2026 Maturity #5
—
—
—
——
2026-11-01
Dermcare Management, LLC.
Healthcare & Pharmaceuticals
Senior Secured First Lien Debt, 4/22/2028 Maturity #4
—
—
—
——
2028-04-22
Flatworld Intermediate Corp.
Services: Business
Senior Secured First Lien Debt, 10/3/2027 Maturity #2
—
—
—
——
2027-10-03
Fluid Control II Inc.
Chemicals, Plastics & Rubber
Senior Secured First Lien Debt 8/3/2029 Maturity #2
—
—
—
——
2029-08-03
H.W. Lochner, Inc.
Construction & Building
Senior Secured First Lien Debt, 7/2/2027 Maturity #4
—
—
—
——
2027-07-02
Homer City Generation, L.P.
Energy: Oil & Gas
Senior Secured First Lien Debt, 4/16/2024 Maturity #3
—
—
—
0.00%—
2024-04-16
Instant Web Holdings, LLC
Media: Advertising, Printing & Publishing
Class A Common Units., Equity
—
—
—
——
—
Invincible Boat Company LLC.
Consumer Goods: Durable
Senior Secured First Lien Debt, 8/28/2025 Maturity #3
—
—
—
——
2025-08-28
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
—
—
—
——
—
Mimeo.com, Inc.
Media: Advertising, Printing & Publishing
Senior Secured First Lien Debt, 12/21/2024 Maturity #3
—
—
—
——
2024-12-21
New HW Holdings Corp.
Capital Equipment
Common Stock, Equity
—
—
—
——
—
Nova Compression, LLC.
Energy: Oil & Gas
Senior Secured First Lien Debt, 10/13/2024 Maturity
—
—
—
——
2024-10-13
RA Outdoors, LLC.
Media: Diversified & Production
Senior Secured First Lien Debt, 4/8/2026 Maturity #3
—
—
—
——
2026-04-08
Robert C. Hilliard
L.L.P.
Senior Secured First Lien Debt
—
—
—
17.44%—
—
Sleep Opco, LLC.
Retail
Senior Secured First Lien Debt, 10/12/2026 Maturity #4
—
-$20.0K
—
——
2026-10-12
Tactical Air Support, Inc.
Aerospace & Defense
Senior Secured First Lien Debt, 12/23/2024 Maturity
—
—
—
——
2024-12-23
Disclosed holdings FV
$1.95B
Parsed holdings FV
$1.96B
Residual gap
-$2.40M
Balance-sheet cash
$8.41M
CIK
0001534254
Accession
0001534254-24-000008
Form type
10-K
Period
2023-12-31