OFS
OFS Capital
Portfolio Fair Value
$370.17M
99 holdings
Avg Spread
+6.52%
FV-weighted, debt
Avg Coupon
12.66%
FV-weighted
% First Lien
48.9%
of debt FV
Unrealized P/L
+$26.14M
+7.60% of cost
Non-Accrual
7
text-detected
Balance sheet
Assets$378.15M
Liabilities + Equity$378.15M
First Lien
$181.09M · 47.9%
First Lien
$181.09M · 47.9%
Second Lien
$24.47M · 6.5%
Subordinated
$66.18M · 17.5%
Subordinated
$66.18M · 17.5%
Equity
$98.43M · 26.0%
Equity
$98.43M · 26.0%
Cash & Equivalents
$5.01M · 1.3%
Other Assets
$2.97M · 0.8%
Debt (Borrowings)
$236.08M · 62.4%
Debt (Borrowings)
$236.08M · 62.4%
Other Liabilities
$5.76M · 1.5%
Net Assets (Equity)
$136.31M · 36.0%
Net Assets (Equity)
$136.31M · 36.0%
Industry Composition
Pharmaceutical Preparation Manufacturing
21.2%
Structured Finance Securities
17.9%
Services for the Elderly and Persons with Disabilities
6.9%
Other Ambulatory Health Care Services
4.8%
Sports and Recreation Instruction
4.6%
Other Computer Related Services
4.6%
Software Publishers
3.5%
Motorcycle, Bicycle, and Parts Manufacturing
3.5%
Office Machinery and Equipment Rental and Leasing
3.4%
Offices of Other Holding Companies
3.2%
Electrical Contractors and Other Wiring Installation Contractors
2.8%
Temporary Help Services
2.3%
Other industries
21.2%
Spread Distribution
3.5%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
10.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
99 of 105
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Pfanstiehl Holdings, Inc. | Pharmaceutical Preparation Manufacturing | Common Equity, Affiliated | $78.45M | $217.0K | $78.23M | — | — | — |
Kreg LLC | Other Ambulatory Health Care Services | First Lien Debt | $16.73M | $17.31M | -$577.0K | — | +6.25% | 2026-12-20 |
SS Acquisition, LLC | Sports and Recreation Instruction | First Lien Debt | $16.70M | $16.77M | -$64.0K | 10.00% | +6.00% | 2029-12-20 |
Inergex Holdings, LLC | Other Computer Related Services | First Lien Debt | $14.66M | $14.59M | $72.0K | 11.15% | +7.00% | 2026-10-01 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | First Lien Debt | $12.80M | $14.33M | -$1.53M | — | +6.00% | 2027-10-14 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Preferred Equity 1, Affiliated | $9.84M | $9.30M | $546.0K | — | — | — |
Canyon CLO 2019-1 Ltd | Structured Finance Securities | Subordinated Notes | $9.53M | $9.54M | -$12.0K | 23.64% | — | 2037-07-15 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | First Lien Debt | $9.09M | $9.05M | $43.0K | 11.06% | +6.50% | 2027-02-25 |
ICG US CLO 2021-3 Ltd | Structured Finance Securities | Subordinated Notes | $8.67M | $8.03M | $634.0K | 29.94% | — | 2034-10-20 |
24 Seven Holdco, LLC | Temporary Help Services | First Lien Debt | $8.41M | $8.38M | $24.0K | 11.36% | +7.13% | 2027-11-16 |
PSB Group, LLC | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | First Lien Debt | $7.82M | $7.87M | -$44.0K | 10.81% | +6.50% | 2030-04-17 |
Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) | Software Publishers | First Lien Debt | $7.78M | $14.11M | -$6.34M | 6.50% | — | 2026-12-31 |
Heritage Grocers Group, LLC. (F/K/A Tony's Fresh Market / Cardenas Markets) | Supermarkets and Other Grocery (except Convenience) Stores | First Lien Debt | $7.64M | $8.78M | -$1.13M | 10.85% | +6.75% | 2029-08-01 |
One GI LLC | Offices of Other Holding Companies | First Lien Debt #1 | $6.85M | $7.29M | -$445.0K | 11.01% | +6.75% | 2025-12-22 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt #1 | $6.35M | $6.31M | $42.0K | 9.90% | +5.75% | 2027-10-15 |
Apex Credit CLO 2020 Ltd. | Structured Finance Securities | Subordinated Notes | $6.24M | $9.26M | -$3.02M | 15.38% | — | 2035-04-20 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | First Lien Debt | $6.18M | $6.18M | $0.00 | 7.50% | — | 2027-12-31 |
Battalion CLO XI, Ltd. | Structured Finance Securities | Mezzanine Debt - Class E | $5.51M | $6.00M | -$486.0K | 11.43% | +6.85% | 2034-04-24 |
Excelin Home Health, LLC | Home Health Care Services | Second Lien Debt | $5.21M | $6.76M | -$1.56M | — | — | 2026-10-01 |
BlueMountain CLO XXXV Ltd. | Structured Finance Securities | Subordinated Notes | $4.85M | $5.91M | -$1.05M | 17.86% | — | 2035-07-22 |
Apex Credit CLO 2022-1 Ltd | Structured Finance Securities | Subordinated Notes | $4.83M | $7.81M | -$2.98M | 6.30% | — | 2033-04-22 |
Brightwood Capital MM CLO 2023-1, Ltd. | Structured Finance Securities | Subordinated Notes | $4.59M | $5.04M | -$450.0K | 14.10% | — | 2035-10-15 |
Madison Park Funding XXIX, Ltd. | Structured Finance Securities | Subordinated Notes | $4.52M | $5.32M | -$800.0K | 18.43% | — | 2038-03-25 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt #3 | $4.47M | $4.44M | $25.0K | 9.90% | +5.75% | 2027-10-15 |
TruGreen Limited | — | Partnership, Second Lien Debt | $4.28M | $4.56M | -$284.0K | 13.07% | +8.50% | 2028-11-02 |
12 Interactive, LLC (D/B/A PerkSpot) | Software Publishers | First Lien Debt | $4.25M | $4.25M | $0.00 | 9.90% | +5.75% | 2030-09-05 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt #2 | $4.02M | $3.98M | $32.0K | 9.90% | +5.75% | 2027-10-15 |
Wellful Inc. (F/K/A KNS Acquisition Corp.) | Electronic Shopping and Mail-Order Houses | First Lien Debt | $3.95M | $4.37M | -$418.0K | — | +6.25% | 2030-10-19 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt #1 | $3.79M | $9.56M | -$5.77M | — | +5.25% | 2025-10-31 |
Apex Credit CLO 2021 Ltd | Structured Finance Securities | Subordinated Notes | $3.77M | $5.73M | -$1.96M | 14.09% | — | 2034-07-18 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance Abuse Centers | Second Lien Debt #1 | $3.75M | $4.93M | -$1.18M | 12.76% | +8.50% | 2028-06-11 |
Voya CLO 2024-7, Ltd. | Structured Finance Securities | Subordinated Notes | $3.75M | $3.90M | -$149.0K | 17.48% | — | 2038-01-20 |
One GI LLC | Offices of Other Holding Companies | First Lien Debt #2 | $3.61M | $3.84M | -$233.0K | 11.01% | +6.75% | 2025-12-22 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Second Lien Debt | $3.20M | $6.58M | -$3.39M | — | — | 2028-12-31 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance Abuse Centers | Second Lien Debt #2 | $3.02M | $3.96M | -$946.0K | 12.76% | +8.50% | 2028-06-11 |
Clevertech Bidco, LLC | Commodity Contracts Dealing | First Lien Debt | $3.01M | $3.09M | -$79.0K | 10.90% | +6.75% | 2027-12-30 |
LCM 42 Ltd. | Structured Finance Securities | Subordinated Notes | $2.94M | $3.06M | -$120.0K | 21.26% | — | 2038-01-15 |
Allen Media, LLC | Cable and Other Subscription Programming | First Lien Debt | $2.85M | $3.66M | -$814.0K | 9.65% | +5.50% | 2027-02-10 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Preferred Equity 2, Affiliated | $2.79M | $2.79M | -$4.0K | — | — | — |
Venture 45 CLO Limited. | Structured Finance Securities | Mezzanine Debt - Class E | $2.63M | $2.96M | -$327.0K | 12.03% | +7.70% | 2035-07-20 |
Metasource, LLC | All Other Business Support Services | First Lien Debt | $2.61M | $2.71M | -$97.0K | — | +6.25% | 2027-05-17 |
BCPE North Star US Holdco 2, Inc. (F/K/A Dessert Holdings) | Ice Cream and Frozen Dessert Manufacturing | Second Lien Debt | $2.52M | $2.39M | $125.0K | 11.53% | +7.25% | 2029-06-08 |
Idera Inc. | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Second Lien Debt | $2.51M | $2.68M | -$174.0K | 11.20% | +6.75% | 2029-03-02 |
Staples, Inc. | Business to Business Electronic Markets | First Lien Debt | $2.42M | $2.47M | -$48.0K | 10.05% | +5.75% | 2029-09-04 |
Inergex Holdings, LLC | Other Computer Related Services | First Lien Debt (Revolver) | $2.34M | $2.34M | $0.00 | 11.15% | +7.00% | 2026-10-01 |
RideNow Group, Inc. (F/K/A. RumbleOn, Inc.) | Other Industrial Machinery Manufacturing | First Lien Debt #1 | $2.27M | $2.37M | -$103.0K | — | +8.25% | 2027-09-30 |
Associated Spring, LLC | Spring Manufacturing | First Lien Debt | $2.23M | $2.19M | $30.0K | 10.00% | +5.75% | 2030-04-04 |
Medrina LLC | All Other Outpatient Care Centers | First Lien Debt #1 | $2.19M | $2.16M | $37.0K | 10.13% | +6.00% | 2029-10-20 |
Brightwood Capital MM CLO 2023-1, Ltd. | Structured Finance Securities | Mezzanine Debt - Class E | $2.13M | $1.99M | $144.0K | 14.68% | +10.36% | 2035-10-15 |
DRS Imaging Services, LLC | Data Processing, Hosting, and Related Services | Common Equity, Affiliated | $2.12M | $1.14M | $984.0K | — | — | — |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | First Lien Debt #1 | $1.95M | $1.93M | $18.0K | 9.66% | +5.50% | 2027-07-22 |
CBAMR 2017-1, Ltd. | Structured Finance Securities | Subordinated Notes | $1.81M | $1.86M | -$45.0K | 18.47% | — | 2030-07-20 |
TalentSmart Holdings, LLC | Professional and Management Development Training | Common Equity, Affiliated | $1.50M | $1.59M | -$93.0K | — | — | — |
JP Intermediate B, LLC | Drugs and Druggists' Sundries Merchant Wholesalers | First Lien Debt | $1.47M | $1.50M | -$25.0K | 9.50% | +5.50% | 2031-03-28 |
PM Acquisition LLC | All Other General Merchandise Stores | Common Equity | $1.41M | $499.0K | $907.0K | — | — | — |
One GI LLC | Offices of Other Holding Companies | First Lien Debt (Revolver) | $1.35M | $1.44M | -$88.0K | 11.01% | +6.75% | 2025-12-22 |
Avison Young Inc | Nonresidential Property Managers | First Lien Debt #1 | $1.28M | $1.64M | -$367.0K | — | +8.00% | 2029-03-12 |
RPLF Holdings, LLC | Software Publishers | Common Equity | $1.12M | — | — | — | — | — |
Signal Parent, Inc. | New Single-Family Housing Construction (except For-Sale Builders) | First Lien Debt | $1.12M | $1.52M | -$400.0K | 7.91% | +3.50% | 2028-04-03 |
Kreg LLC | Other Ambulatory Health Care Services | First Lien Debt (Revolver) | $1.11M | $1.16M | -$44.0K | 10.40% | +6.25% | 2026-12-20 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt #3 | $1.03M | $2.60M | -$1.57M | — | +5.25% | 2025-10-31 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | First Lien Debt (Secured Collateral) | $1.03M | $1.03M | $0.00 | 7.50% | — | — |
Redstone Holdco 2 LP (F/K/A RSA Security) | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | First Lien Debt | $900.0K | $1.71M | -$811.0K | 9.32% | +4.75% | 2028-04-27 |
GoTo Group (F/K/A LogMeIn, Inc.) | Data Processing, Hosting, and Related Services | First Lien Debt #1 | $793.0K | $929.0K | -$136.0K | 9.22% | +4.75% | 2028-04-28 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Common Equity | $733.0K | $1.29M | -$557.0K | — | — | — |
RideNow Group, Inc. (F/K/A. RumbleOn, Inc.) | Other Industrial Machinery Manufacturing | First Lien Debt #2 | $685.0K | $719.0K | -$34.0K | — | +8.25% | 2027-09-30 |
SS Acquisition, LLC | Sports and Recreation Instruction | First Lien Debt (Revolver) | $486.0K | $492.0K | -$6.0K | 10.00% | +6.00% | 2029-12-20 |
GoTo Group (F/K/A LogMeIn, Inc.) | Data Processing, Hosting, and Related Services | First Lien Debt #2 | $432.0K | $1.28M | -$850.0K | 9.22% | +4.75% | 2028-04-28 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt #2 | $410.0K | $1.03M | -$623.0K | — | +5.25% | 2025-10-31 |
Trinitas CLO VIII, Ltd | Structured Finance Securities | Subordinated Notes | $398.0K | $2.37M | -$1.97M | 0.00% | — | — |
PSB Group, LLC | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | First Lien Debt (Revolver) | $395.0K | $401.0K | -$6.0K | 10.66% | +6.50% | 2030-04-17 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | First Lien Debt (Revolver) | $387.0K | $382.0K | $5.0K | 11.07% | +6.50% | 2027-02-25 |
Medrina LLC | All Other Outpatient Care Centers | First Lien Debt #2 | $368.0K | $364.0K | $4.0K | 10.22% | +6.00% | 2029-10-20 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Preferred Equity | $363.0K | $345.0K | $18.0K | — | — | — |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | First Lien Debt (Revolver) | $292.0K | $459.0K | -$167.0K | 10.26% | +6.00% | 2027-10-14 |
Associated Spring, LLC | Spring Manufacturing | First Lien Debt (Delayed Draw) | $233.0K | $232.0K | $1.0K | 10.01% | +5.75% | 2030-04-04 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt (Revolver) | $106.0K | $266.0K | -$160.0K | — | +5.25% | 2025-10-31 |
Clevertech Bidco, LLC | Commodity Contracts Dealing | First Lien Debt (Revolver) | $99.0K | $107.0K | -$8.0K | 10.90% | +6.75% | 2027-12-30 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt (Revolver) | $95.0K | $90.0K | $5.0K | 12.00% | +4.75% | 2027-10-15 |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | First Lien Debt #2 | $45.0K | $45.0K | $0.00 | 9.66% | +5.50% | 2027-07-22 |
Constellis Holdings, LLC | Other Justice, Public Order, and Safety Activities | Common Equity | $40.0K | $703.0K | -$663.0K | — | — | — |
RideNow Group, Inc. (F/K/A. RumbleOn, Inc.) | Other Industrial Machinery Manufacturing | Warrants | $29.0K | $200.0K | -$171.0K | — | — | — |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Warrants 1, Affiliated | $28.0K | — | — | — | — | — |
Avison Young Inc | Nonresidential Property Managers | First Lien Debt #2 | $18.0K | $452.0K | -$434.0K | — | +8.00% | 2029-03-12 |
Sentry Centers Holdings, LLC | Convention and Trade Show Organizers | Preferred Equity | $1.0K | $160.0K | -$159.0K | — | — | — |
Avison Young Inc | Nonresidential Property Managers | Common Equity | $0.00 | $1.40M | -$1.40M | — | — | — |
Avison Young Inc | Nonresidential Property Managers | Preferred Equity | $0.00 | $1.27M | -$1.27M | — | — | — |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Common Equity, Affiliated | $0.00 | $104.0K | -$104.0K | — | — | — |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Equity Participation Rights | $0.00 | $4.72M | -$4.72M | — | — | — |
GGC Aerospace Topco L.P. | Other Aircraft Parts and Auxiliary Equipment Manufacturing | Common Equity (Class A units) | $0.00 | $450.0K | -$450.0K | — | — | — |
GGC Aerospace Topco L.P. | Other Aircraft Parts and Auxiliary Equipment Manufacturing | Common Equity (Class B units) | $0.00 | $50.0K | -$50.0K | — | — | — |
JP Intermediate B, LLC | Drugs and Druggists' Sundries Merchant Wholesalers | Common Equity | $0.00 | $2.99M | -$2.99M | — | — | — |
United Biologics Holdings, LLC | Medical Laboratories | Preferred Equity | $0.00 | $9.0K | -$9.0K | — | — | — |
12 Interactive, LLC (D/B/A PerkSpot) | Software Publishers | First Lien Debt (Revolver) | -$3.0K | -$3.0K | $0.00 | — | +5.75% | 2030-09-05 |
12 Interactive, LLC (D/B/A PerkSpot) | Software Publishers | First Lien Debt (Delayed Draw) | -$8.0K | -$8.0K | $0.00 | — | +5.75% | 2027-03-05 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Warrants 2, Affiliated | — | — | — | — | — | — |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt (Delayed Draw) | — | -$13.0K | — | — | +5.75% | 2026-10-15 |
Medrina LLC | All Other Outpatient Care Centers | First Lien Debt (Revolver) | — | -$5.0K | — | — | +6.00% | 2029-10-20 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | Common Equity | — | — | — | — | — | — |
Disclosed holdings FV
$370.17M
Parsed holdings FV
$370.17M
Residual gap
$0.00
Balance-sheet cash
$5.01M
CIK
0001487918
Accession
0001487918-25-000108
Form type
10-Q
Period
2025-09-30