OFS
OFS Capital
Portfolio Fair Value
$398.16M
109 holdings
Avg Spread
+6.28%
FV-weighted, debt
Avg Coupon
11.99%
FV-weighted
% First Lien
50.4%
of debt FV
Unrealized P/L
+$12.71M
+3.30% of cost
Non-Accrual
9
text-detected
Balance sheet
Assets$407.88M
Liabilities + Equity$407.88M
First Lien
$200.47M · 49.2%
First Lien
$200.47M · 49.2%
Second Lien
$36.09M · 8.8%
Subordinated
$75.94M · 18.6%
Subordinated
$75.94M · 18.6%
Equity
$85.66M · 21.0%
Equity
$85.66M · 21.0%
Cash & Equivalents
$5.58M · 1.4%
Other Assets
$4.14M · 1.0%
Debt (Borrowings)
$249.10M · 61.1%
Debt (Borrowings)
$249.10M · 61.1%
Other Liabilities
$4.60M · 1.1%
Net Assets (Equity)
$154.17M · 37.8%
Net Assets (Equity)
$154.17M · 37.8%
Industry Composition
Pharmaceutical Preparation Manufacturing
17.8%
Apex Credit CLO 2022-1A
13.0%
Motor Vehicle Parts (Used) Merchant Wholesalers
6.8%
Services for the Elderly and Persons with Disabilities
6.3%
Other Computer Related Services
4.3%
Other Ambulatory Health Care Services
4.0%
Motorcycle, Bicycle, and Parts Manufacturing
3.7%
Structured Finance Securities
3.5%
Offices of Other Holding Companies
3.1%
Offices of Physicians and Mental Health Specialists
2.4%
Electrical Contractors and Other Wiring Installation Contractors
2.4%
Office Machinery and Equipment Rental and Leasing
2.4%
Other industries
30.2%
Spread Distribution
3.5%
4.0%
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
109 of 113
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Pfanstiehl Holdings, Inc. | Pharmaceutical Preparation Manufacturing | Common Equity | $70.83M | $217.0K | $70.61M | — | — | — |
All Star Auto Lights, Inc. | Motor Vehicle Parts (Used) Merchant Wholesalers | First Lien Debt #1 | $22.36M | $22.27M | $95.0K | 11.09% | +5.50% | 2025-08-20 |
Kreg LLC | Other Ambulatory Health Care Services | First Lien Debt | $16.11M | $17.30M | -$1.19M | — | +4.25% | 2026-12-20 |
Inergex Holdings, LLC | Other Computer Related Services | First Lien Debt | $14.87M | $14.69M | $182.0K | — | +7.00% | 2026-10-01 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | First Lien Debt | $14.54M | $15.23M | -$695.0K | — | +6.00% | 2026-10-14 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | First Lien Debt | $10.19M | $10.34M | -$150.0K | 12.08% | +6.50% | 2027-02-25 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Preferred Equity | $9.40M | $7.84M | $1.56M | — | — | — |
24 Seven Holdco, LLC | Temporary Help Services | First Lien Debt | $8.52M | $8.74M | -$214.0K | 11.43% | +6.00% | 2027-11-16 |
Apex Credit CLO 2020 Ltd. | Structured Finance Securities | Subordinated Notes | $8.31M | $9.45M | -$1.14M | 17.92% | — | 2031-10-20 |
Barings CLO 2019-I Ltd. | Apex Credit CLO 2022-1A | Mezzanine Debt - Class E | $8.01M | $7.93M | $81.0K | 12.45% | +6.86% | 2035-04-15 |
One GI LLC | Offices of Other Holding Companies | First Lien Debt #1 | $7.11M | $7.34M | -$226.0K | 12.19% | +6.75% | 2025-12-22 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt #1 | $6.90M | $9.56M | -$2.67M | — | +5.25% | 2025-04-30 |
Apex Credit CLO 2022-1A | Apex Credit CLO 2022-1A | Subordinated Notes | $6.56M | $8.85M | -$2.29M | 16.70% | — | 2033-04-22 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt #1 | $6.43M | $6.36M | $70.0K | 11.23% | +5.75% | 2027-10-15 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | First Lien Debt | $6.26M | $6.26M | $0.00 | 7.50% | — | 2025-12-31 |
Heritage Grocers Group, LLC. (F/K/A Tony's Fresh Market / Cardenas Markets) | Supermarkets and Other Grocery (except Convenience) Stores | First Lien Debt | $5.91M | $5.64M | $267.0K | 12.18% | +6.75% | 2029-08-01 |
Convergint Technologies Holdings, LLC | Security Systems Services (except Locksmiths) | Second Lien Debt | $5.84M | $5.87M | -$33.0K | 12.21% | +6.75% | 2029-03-30 |
Ares L CLO Ltd. | Apex Credit CLO 2022-1A | Mezzanine Debt - Class E | $5.71M | $5.87M | -$162.0K | 11.24% | +5.65% | 2032-01-15 |
Apex Credit CLO 2021 Ltd | Structured Finance Securities | Subordinated Notes | $5.63M | $6.72M | -$1.09M | 22.98% | — | 2034-07-18 |
Battalion CLO XI, Ltd. | Apex Credit CLO 2022-1A | Mezzanine Debt - Class E | $5.58M | $5.95M | -$367.0K | 12.43% | +6.85% | 2034-04-24 |
Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) | Software Publishers | First Lien Debt | $5.46M | $14.11M | -$8.65M | 6.50% | — | 2025-12-31 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance Abuse Centers | Second Lien Debt #1 | $4.95M | $4.92M | $32.0K | 14.10% | +8.50% | 2028-06-11 |
Flatiron CLO 18, Ltd. | Apex Credit CLO 2022-1A | Subordinated Notes | $4.82M | $5.84M | -$1.02M | 8.97% | — | 2031-04-17 |
All Star Auto Lights, Inc. | Motor Vehicle Parts (Used) Merchant Wholesalers | First Lien Debt #2 | $4.82M | $4.78M | $36.0K | 11.07% | +5.50% | 2025-08-20 |
Madison Park Funding XXIX, Ltd. | Apex Credit CLO 2022-1A | Subordinated Notes | $4.62M | $5.43M | -$810.0K | 10.00% | — | 2047-10-18 |
Brightwood Capital MM CLO 2023-1A, Ltd. | Apex Credit CLO 2022-1A | Subordinated Notes | $4.56M | $4.97M | -$409.0K | 13.56% | — | 2035-10-15 |
Madison Park Funding XXIII, Ltd. | Apex Credit CLO 2022-1A | Subordinated Notes | $4.54M | $5.08M | -$543.0K | 13.66% | — | 2047-07-27 |
Excelin Home Health, LLC | Home Health Care Services | Second Lien Debt | $4.37M | $5.32M | -$952.0K | — | — | 2025-12-31 |
TruGreen Limited | — | Partnership, Second Lien Debt | $4.26M | $4.58M | -$324.0K | 14.09% | +8.50% | 2028-11-02 |
Wellful Inc. (F/K/A KNS Acquisition Corp.) | Electronic Shopping and Mail-Order Houses | First Lien Debt | $4.24M | $6.50M | -$2.25M | 11.71% | +6.25% | 2027-04-21 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt #2 | $4.07M | $4.02M | $52.0K | 11.23% | +5.75% | 2027-10-15 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance Abuse Centers | Second Lien Debt #2 | $3.98M | $3.95M | $28.0K | 14.10% | +8.50% | 2028-06-11 |
Redstone Holdco 2 LP (F/K/A RSA Security) | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Second Lien Debt | $3.95M | $4.41M | -$460.0K | 13.21% | +7.75% | 2029-04-27 |
One GI LLC | Offices of Other Holding Companies | First Lien Debt #2 | $3.75M | $3.87M | -$118.0K | 12.19% | +6.75% | 2025-12-22 |
BCPE North Star US Holdco 2, Inc. (F/K/A Dessert Holdings) | Ice Cream and Frozen Dessert Manufacturing | Second Lien Debt | $3.49M | $3.38M | $114.0K | 12.71% | +7.25% | 2029-06-08 |
JP Intermediate B, LLC | Drugs and Druggists' Sundries Merchant Wholesalers | First Lien Debt | $3.46M | $4.54M | -$1.08M | 11.09% | +5.50% | 2027-11-20 |
Flow Service Partners Management, LLC | Plumbing, Heating & Air-Conditioning Contractor | First Lien Debt #1 | $3.42M | $3.45M | -$34.0K | 11.98% | +6.50% | 2029-02-28 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt (Delayed Draw) | $3.36M | $3.33M | $27.0K | 11.24% | +5.75% | 2027-10-15 |
Clevertech Bidco, LLC | Commodity Contracts Dealing | First Lien Debt | $3.13M | $3.10M | $30.0K | 12.23% | +6.75% | 2027-12-30 |
Regatta XXII Funding Ltd | Park Avenue Institutional Advisers CLO Ltd 2021-1 | Mezzanine Debt - Class E | $3.04M | $2.98M | $65.0K | 12.51% | +7.19% | 2035-07-20 |
SS Acquisition, LLC | Sports and Recreation Instruction | First Lien Debt #1 | $3.04M | $3.03M | $16.0K | 12.29% | +6.73% | 2026-12-30 |
Allen Media, LLC | Cable and Other Subscription Programming | First Lien Debt | $2.80M | $3.71M | -$908.0K | 10.98% | +5.50% | 2027-02-10 |
Venture 45 CLO Ltd. | Trinitas CLO VIII | Mezzanine Debt - Class E | $2.73M | $2.95M | -$217.0K | 13.02% | +7.70% | 2035-07-20 |
Idera Inc. | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Second Lien Debt | $2.68M | $2.68M | $0.00 | 12.23% | +6.75% | 2029-03-02 |
Metasource, LLC | All Other Business Support Services | First Lien Debt | $2.67M | $2.72M | -$52.0K | — | +6.25% | 2027-05-17 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Second Lien Debt | $2.53M | $6.58M | -$4.05M | — | — | 2026-12-31 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | First Lien Debt #1 | $2.42M | $2.53M | -$109.0K | — | +8.75% | 2026-08-31 |
Staples, Inc. | Business to Business Electronic Markets | First Lien Debt | $2.37M | $2.47M | -$104.0K | 11.08% | +5.75% | 2029-09-01 |
Inergex Holdings, LLC | Other Computer Related Services | First Lien Debt (Revolver) | $2.34M | $2.33M | $9.0K | — | +7.00% | 2026-10-01 |
Ivanti Software, Inc. | Software Publishers | First Lien Debt | $2.33M | $2.92M | -$596.0K | 9.81% | +4.25% | 2027-12-01 |
Medrina LLC | All Other Outpatient Care Centers | First Lien Debt | $2.21M | $2.17M | $31.0K | 11.55% | +6.25% | 2029-10-20 |
Advantage Sales & Marketing Inc. (F/K/A Karman Buyer Corp) | Advertising Agencies | First Lien Debt | $2.19M | $2.23M | -$34.0K | 9.82% | +4.25% | 2027-10-28 |
Brightwood Capital MM CLO 2023-1A, Ltd. | Apex Credit CLO 2022-1A | Mezzanine Debt - Class E | $2.19M | $1.95M | $242.0K | 15.69% | +10.36% | 2035-10-15 |
THL Credit Wind River 2019‐3 CLO Ltd | Park Avenue Institutional Advisers CLO Ltd 2021-1 | Subordinated Notes | $2.11M | $4.43M | -$2.33M | 1.43% | — | 2031-04-15 |
Reception Purchaser LLC | Transportation and Warehousing | First Lien Debt | $2.04M | $2.49M | -$451.0K | 11.48% | +6.00% | 2028-03-24 |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | First Lien Debt #1 | $1.97M | $1.94M | $27.0K | 11.72% | +6.25% | 2027-07-22 |
East West Manufacturing | Fluid Power Pump and Motor Manufacturing | First Lien Debt | $1.92M | $1.91M | $12.0K | 11.08% | +5.75% | 2028-12-22 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt #3 | $1.88M | $2.60M | -$723.0K | — | +5.25% | 2025-04-30 |
Creation Technologies | Bare Printed Circuit Board Manufacturing | First Lien Debt | $1.85M | $1.95M | -$103.0K | 11.07% | +5.50% | 2028-10-05 |
Octagon Investment Partners 39, Ltd. | Apex Credit CLO 2022-1A | Subordinated Notes | $1.75M | $3.48M | -$1.74M | 0.00% | — | 2030-10-20 |
Signal Parent, Inc. | New Single-Family Housing Construction (except For-Sale Builders) | First Lien Debt | $1.65M | $1.78M | -$136.0K | 8.94% | +3.50% | 2028-04-03 |
Dryden 76 CLO, Ltd. | Apex Credit CLO 2022-1A | Subordinated Notes | $1.56M | $2.34M | -$785.0K | 13.02% | — | 2032-10-20 |
Redstone Holdco 2 LP (F/K/A RSA Security) | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | First Lien Debt | $1.55M | $1.71M | -$162.0K | 10.21% | +4.75% | 2028-04-27 |
RPLF Holdings, LLC | Software Publishers | Common Equity | $1.51M | — | — | — | — | — |
SS Acquisition, LLC | Sports and Recreation Instruction | First Lien Debt #2 | $1.46M | $1.45M | $9.0K | 12.98% | +7.41% | 2026-12-30 |
One GI LLC | Offices of Other Holding Companies | First Lien Debt (Revolver) | $1.39M | $1.43M | -$44.0K | 12.19% | +6.75% | 2025-12-22 |
Avison Young | Nonresidential Property Managers | First Lien Debt #2 | $1.37M | $1.51M | -$140.0K | 7.10% | +8.00% | 2029-03-12 |
TalentSmart Holdings, LLC | Professional and Management Development Training | Common Equity | $1.14M | $1.59M | -$454.0K | — | — | — |
Monroe Capital MML CLO X, Ltd. | Apex Credit CLO 2022-1A | Mezzanine Debt - Class E-R | $1.01M | $969.0K | $46.0K | 14.08% | +8.75% | 2034-05-20 |
Park Avenue Institutional Advisers CLO Ltd | Park Avenue Institutional Advisers CLO Ltd 2021-1 | 2021-1, Mezzanine Debt - Class E | $998.0K | $984.0K | $14.0K | 12.89% | +7.30% | 2034-01-20 |
Trinitas CLO VIII | Trinitas CLO VIII | Subordinated Notes | $967.0K | $2.60M | -$1.63M | 2.83% | — | — |
Brightwood Capital MM CLO 2023-1A, Ltd. | Apex Credit CLO 2022-1A | Mezzanine Debt - Class D | $931.0K | $891.0K | $40.0K | 11.79% | +6.46% | 2035-10-15 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | First Lien Debt (Revolver) | $899.0K | $899.0K | $0.00 | 7.50% | — | 2025-12-31 |
DRS Imaging Services, LLC | Data Processing, Hosting, and Related Services | Common Equity | $842.0K | $1.14M | -$293.0K | — | — | — |
GoTo Group (F/K/A LogMeIn, Inc.) | Data Processing, Hosting, and Related Services | First Lien Debt #1 | $835.0K | $940.0K | -$105.0K | 10.18% | +4.75% | 2028-04-30 |
Avison Young | Nonresidential Property Managers | First Lien Debt #1 | $825.0K | $820.0K | $5.0K | 13.10% | +7.50% | 2028-03-13 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Common Equity | $788.0K | $1.29M | -$502.0K | — | — | — |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt #2 | $745.0K | $1.03M | -$288.0K | — | +5.25% | 2025-04-30 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | First Lien Debt #2 | $731.0K | $776.0K | -$45.0K | — | +8.75% | 2026-08-31 |
PM Acquisition LLC | All Other General Merchandise Stores | Common Equity | $697.0K | $499.0K | $198.0K | — | — | — |
GoTo Group (F/K/A LogMeIn, Inc.) | Data Processing, Hosting, and Related Services | First Lien Debt #2 | $670.0K | $1.30M | -$629.0K | 10.18% | +4.75% | 2028-04-30 |
Flow Service Partners Management, LLC | Plumbing, Heating & Air-Conditioning Contractor | First Lien Debt #2 | $621.0K | $627.0K | -$6.0K | 11.98% | +6.50% | 2029-02-28 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Preferred Equity | $353.0K | $345.0K | $8.0K | — | — | — |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Subordinated Debt | $320.0K | $4.68M | -$4.36M | — | — | — |
Avison Young | Nonresidential Property Managers | First Lien Debt #3 | $268.0K | $502.0K | -$234.0K | 7.10% | +8.00% | 2029-03-12 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | First Lien Debt (Revolver) | $232.0K | $302.0K | -$70.0K | 11.44% | +6.00% | 2026-10-14 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | First Lien Debt (Revolver) | $192.0K | $266.0K | -$74.0K | — | +5.25% | 2025-04-30 |
Flow Service Partners Management, LLC | Plumbing, Heating & Air-Conditioning Contractor | First Lien Debt (Revolver) | $115.0K | $121.0K | -$6.0K | 11.84% | +6.50% | 2029-02-28 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | First Lien Debt (Revolver) | $95.0K | $87.0K | $8.0K | 13.25% | +4.75% | 2027-10-15 |
Constellis Holdings, LLC | Other Justice, Public Order, and Safety Activities | Common Equity | $58.0K | $703.0K | -$645.0K | — | — | — |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | First Lien Debt #2 | $46.0K | $45.0K | $1.0K | 11.73% | +6.25% | 2027-07-22 |
Diamond Sports Group, LLC | Television Broadcasting | Second Lien Debt | $41.0K | $1.94M | -$1.89M | 10.69% | +5.25% | 2026-08-24 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Warrants | $35.0K | $200.0K | -$165.0K | — | — | — |
Sentry Centers Holdings, LLC | Convention and Trade Show Organizers | Preferred Equity | $1.0K | $160.0K | -$159.0K | — | — | — |
Avison Young | Nonresidential Property Managers | Common Equity | $0.00 | $1.40M | -$1.40M | — | — | — |
Avison Young | Nonresidential Property Managers | Preferred Equity | $0.00 | $1.27M | -$1.27M | — | — | — |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Common Equity | $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 | — | — | — |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Preferred Equity | $0.00 | $3.48M | -$3.48M | — | — | — |
United Biologics Holdings, LLC | Medical Laboratories | Preferred Equity | $0.00 | $9.0K | -$9.0K | — | — | — |
Medrina LLC | All Other Outpatient Care Centers | First Lien Debt (Revolver) | -$3.0K | -$7.0K | $4.0K | — | +6.25% | 2029-10-20 |
Medrina LLC | All Other Outpatient Care Centers | First Lien Debt (Delayed Draw) | -$4.0K | -$3.0K | -$1.0K | — | +6.25% | 2029-10-20 |
Clevertech Bidco, LLC | Commodity Contracts Dealing | First Lien Debt (Revolver) | -$5.0K | -$7.0K | $2.0K | — | +6.75% | 2027-12-30 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | First Lien Debt (Revolver) | -$28.0K | -$8.0K | -$20.0K | — | +6.50% | 2027-02-25 |
Kreg LLC | Other Ambulatory Health Care Services | First Lien Debt (Revolver) | -$96.0K | -$5.0K | -$91.0K | — | +6.25% | 2026-12-20 |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Common Equity | — | — | — | — | — | — |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | Common Equity | — | — | — | — | — | — |
Disclosed holdings FV
$398.16M
Parsed holdings FV
$398.16M
Residual gap
$0.00
Balance-sheet cash
$5.58M
CIK
0001487918
Accession
0001487918-24-000076
Form type
10-Q
Period
2024-06-30