CION
CION Investment
Portfolio Fair Value
$1.79B
241 holdings
Avg Spread
+7.29%
FV-weighted, debt
Avg Coupon
9.39%
FV-weighted
% First Lien
81.9%
of debt FV
Unrealized P/L
-$74.08M
-3.97% of cost
Non-Accrual
13
text-detected
Balance sheet
Assets$1.83B
Liabilities + Equity$1.83B
First Lien
$1.47B · 79.9%
First Lien
$1.47B · 79.9%
Second Lien
$140.01M · 7.6%
Subordinated
$1.03M · 0.1%
Other Debt
$19.60M · 1.1%
Equity
$160.83M · 8.8%
Other
$1.44M · 0.1%
Cash & Equivalents
$11.52M · 0.6%
Other Assets
$34.80M · 1.9%
Debt (Borrowings)
$976.74M · 53.2%
Debt (Borrowings)
$976.74M · 53.2%
Other Liabilities
$21.68M · 1.2%
Net Assets (Equity)
$836.36M · 45.6%
Net Assets (Equity)
$836.36M · 45.6%
Industry Composition
Services: Business
16.9%
Healthcare & Pharmaceuticals
13.2%
Media: Diversified & Production
6.8%
Media: Advertising, Printing & Publishing
6.3%
Services: Consumer
5.9%
Unclassified
5.7%
Diversified Financials
4.5%
Construction & Building
4.0%
Chemicals, Plastics & Rubber
3.8%
Energy: Oil & Gas
3.7%
Retail
3.5%
Consumer Goods: Durable
3.4%
Other industries
22.3%
Spread Distribution
0.5%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
12.0%
16.0%
Schedule of Investments
All holdings
All holdings
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241 of 265
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
First American Treasury Obligations Fund, Class Z Shares, Short Term Investments | — | Senior Secured Second Lien Debt | $100.77M | $100.77M | $0.00 | 4.99% | — | — |
CION/EagleTree Partners, LLC. | Diversified Financials | Senior Secured First Lien Debt, 12/21/2026 Maturity | $54.83M | $54.83M | $0.00 | 14.00% | — | 2026-12-21 |
Anthem Sports & Entertainment Inc. | Media: Diversified & Production | Senior Secured First Lien Debt, 11/15/2026 Maturity #1 | $35.04M | $36.94M | -$1.91M | — | +9.50% | 2026-11-15 |
Coyote Buyer, LLC. | Chemicals, Plastics & Rubber | Senior Secured First Lien Debt, 2/6/2025 Maturity #1 | $33.52M | $33.73M | -$205.0K | — | +6.00% | 2026-02-06 |
LAV Gear Holdings, Inc. | Services: Business | Senior Secured First Lien Debt, 10/31/2024 Maturity #1 | $27.66M | $27.56M | $103.0K | — | +6.28% | 2024-10-31 |
CircusTrix Holdings, LLC. | Hotel, Gaming & Leisure | Senior Secured First Lien Debt, 1/16/2024 Maturity #1 | $26.70M | $26.67M | $36.0K | — | +5.50% | 2024-01-16 |
Instant Web, LLC. | Media: Advertising, Printing & Publishing | Senior Secured First Lien Debt, 2/25/2027 Maturity #1 | $25.35M | $42.25M | -$16.90M | — | +7.00% | 2027-02-25 |
Flatworld Intermediate Corp. | Services: Business | Senior Secured First Lien Debt, 10/3/2027 Maturity #1 | $25.20M | $25.01M | $188.0K | — | +6.50% | 2027-10-03 |
CION/EagleTree Partners, LLC | Diversified Financials | Participating Preferred Shares Equity | $25.18M | $22.07M | $3.11M | — | — | — |
Pentec Acquisition Corp. | Healthcare & Pharmaceuticals | Senior Secured First Lien Debt, 10/8/2026 Maturity | $24.69M | $24.46M | $226.0K | — | +6.00% | 2026-10-08 |
Usalco, LLC. | Chemicals, Plastics & Rubber | Senior Secured First Lien Debt, 10/19/2027 Maturity | $24.53M | $24.44M | $92.0K |