OFS
OFS Capital
Portfolio Fair Value
$448.29M
111 holdings
Avg Spread
+6.49%
FV-weighted, debt
Avg Coupon
12.68%
FV-weighted
% First Lien
61.4%
of debt FV
Unrealized P/L
+$25.86M
+6.12% of cost
Non-Accrual
5
text-detected
Balance sheet
Assets$476.98M
Liabilities + Equity$476.98M
First Lien
$280.58M · 58.8%
First Lien
$280.58M · 58.8%
Subordinated
$78.10M · 16.4%
Subordinated
$78.10M · 16.4%
Equity
$98.57M · 20.7%
Equity
$98.57M · 20.7%
Cash & Equivalents
$15.94M · 3.3%
Other Assets
$3.79M · 0.8%
Debt (Borrowings)
$303.02M · 63.5%
Debt (Borrowings)
$303.02M · 63.5%
Other Liabilities
$3.29M · 0.7%
Net Assets (Equity)
$170.67M · 35.8%
Net Assets (Equity)
$170.67M · 35.8%
Industry Composition
Pharmaceutical Preparation Manufacturing
17.2%
Ares L CLO
9.6%
Motor Vehicle Parts (Used) Merchant Wholesalers
6.2%
Services for the Elderly and Persons with Disabilities
5.5%
Other Amusement and Recreation Industries
5.4%
Other Computer Related Services
3.8%
Other Ambulatory Health Care Services
3.5%
Unclassified
3.4%
Motorcycle, Bicycle, and Parts Manufacturing
3.3%
Offices of Physicians and Mental Health Specialists
3.0%
Structured Finance Securities
3.0%
Offices of Other Holding Companies
2.7%
Other industries
33.4%
Spread Distribution
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.5%
10.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
111 of 120
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Pfanstiehl Holdings, Inc | Pharmaceutical Preparation Manufacturing | Common Equity | $77.11M | — | — | — | — | — |
All Star Auto Lights, Inc. | Motor Vehicle Parts (Used) Merchant Wholesalers | Senior Secured Loan #1 | $22.92M | $22.75M | $165.0K | 10.94% | +5.50% | 2025-08-20 |
The Escape Game, LLC | Other Amusement and Recreation Industries | Senior Secured Loan | $21.21M | $20.93M | $278.0K | 12.42% | +7.00% | 2024-12-22 |
Kreg LLC | Other Ambulatory Health Care Services | Senior Secured Loan | $15.83M | $16.95M | -$1.13M | — | +4.25% | 2026-12-20 |
Inergex Holdings, LLC | Other Computer Related Services | Senior Secured Loan | $14.87M | $14.75M | $114.0K | — | +7.00% | 2024-10-01 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | Senior Secured Loan | $14.49M | $15.34M | -$848.0K | 11.75% | +6.00% | 2026-10-14 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Delayed Draw) | $10.64M | $10.94M | -$301.0K | 12.14% | +6.50% | 2027-02-25 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | Senior Secured Loan (1) | $9.58M | $9.58M | -$6.0K | 10.79% | +5.25% | 2024-08-26 |
STS Operating, Inc. | Industrial Machinery and Equipment Merchant Wholesalers | Senior Secured Loan | $9.07M | $9.07M | $1.0K | 13.42% | +8.00% | 2026-04-30 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Preferred Equity | $8.75M | $7.05M | $1.70M | — | — | — |
24 Seven Holdco, LLC | Temporary Help Services | Senior Secured Loan | $8.53M | $8.79M | -$261.0K | 11.43% | +6.00% | 2027-11-16 |
Barings CLO 2019-I Ltd. | Ares L CLO | Mezzanine debt - Class E | $7.73M | $7.91M | -$187.0K | 12.43% | +6.86% | 2035-04-15 |
Apex Credit CLO 2020 Ltd. | Structured Finance Securities | Subordinated Notes | $7.61M | $10.25M | -$2.64M | 21.91% | — | 2031-10-20 |
Apex Credit CLO 2022-1A | Apex Credit CLO 2022-1A | Subordinated Notes | $7.14M | $8.86M | -$1.72M | 16.16% | — | 2033-04-22 |
One GI LLC | Offices of Other Holding Companies | Senior Secured Loan (Delayed Draw) (1) | $7.01M | $7.37M | -$360.0K | 12.17% | +6.75% | 2025-12-22 |
Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) | Software Publishers | Senior Secured Loan | $6.59M | $14.11M | -$7.53M | 5.50% | — | 2025-12-31 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan | $6.48M | $6.40M | $87.0K | 11.29% | +5.75% | 2027-10-15 |
Spring Education Group, Inc. (F/K/A SSH Group Holdings, Inc.,) | Child Day Care Services | Senior Secured Loan | $6.40M | $6.40M | -$4.0K | 13.68% | +8.25% | 2026-07-30 |
Wllful, Inc. (F/K/A KNS Acquisition Corp.) | — | Senior Secured Loan | $6.34M | $6.62M | -$285.0K | 11.68% | +6.25% | 2027-04-21 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Senior Secured Loan (1) | $6.31M | $6.31M | -$1.0K | 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 | Senior Secured Loan | $5.96M | $5.64M | $314.0K | 12.24% | +6.75% | 2029-08-01 |
Convergint Technologies Holdings, LLC | Security Systems Services (except Locksmiths) | Senior Secured Loan | $5.90M | $5.86M | $38.0K | 12.18% | +6.75% | 2029-03-30 |
Madison Park Funding XXIX, Ltd. | Ares L CLO | Subordinated Notes | $5.82M | $6.14M | -$319.0K | 20.70% | — | 2047-10-18 |
Apex Credit CLO 2021 Ltd | Structured Finance Securities | Subordinated Notes | $5.78M | $7.08M | -$1.30M | 19.97% | — | 2034-07-18 |
Battalion CLO XI, Ltd. | Ares L CLO | Mezzanine debt - Class E | $5.65M | $5.90M | -$252.0K | 12.46% | +6.85% | 2034-04-24 |
Flatiron CLO 18, Ltd. | Ares L CLO | Subordinated Notes | $5.23M | $6.59M | -$1.35M | 10.36% | — | 2031-04-17 |
Madison Park Funding XXIII, Ltd. | Ares L CLO | Subordinated Notes | $5.17M | $5.82M | -$648.0K | 24.20% | — | 2047-07-27 |
All Star Auto Lights, Inc. | Motor Vehicle Parts (Used) Merchant Wholesalers | Senior Secured Loan #2 | $4.94M | $4.88M | $62.0K | 10.94% | +5.50% | 2025-08-20 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance Abuse Centers | Senior Secured Loan | $4.92M | $4.91M | $5.0K | 14.15% | +8.50% | 2028-06-11 |
Brightwood Capital MM CLO 2023-1A, Ltd. | Ares L CLO | Subordinated Notes | $4.84M | $4.84M | $0.00 | 14.56% | — | 2035-10-15 |
TruGreen Limited | — | Partnership, Senior Secured Loan | $4.41M | $4.60M | -$186.0K | 14.13% | +8.50% | 2028-11-02 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Delayed Draw 1) | $4.10M | $4.04M | $64.0K | 11.29% | +5.75% | 2027-10-15 |
Idera | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Senior Secured Loan | $4.00M | $4.00M | $0.00 | 12.12% | +6.75% | 2029-03-02 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance Abuse Centers | Senior Secured Loan (Delayed Draw) | $3.95M | $3.95M | $6.0K | 14.15% | +8.50% | 2028-06-11 |
One GI LLC | Offices of Other Holding Companies | Senior Secured Loan (Delayed Draw) (2) | $3.69M | $3.88M | -$184.0K | 12.17% | +6.75% | 2025-12-22 |
JP Intermediate B, LLC | Drugs and Druggists' Sundries Merchant Wholesalers | Senior Secured Loan | $3.61M | $4.50M | -$893.0K | 11.13% | +5.50% | 2027-11-20 |
Electrical Components International, Inc. | Current-Carrying Wiring Device Manufacturing | Senior Secured Loan | $3.60M | $3.43M | $174.0K | 14.02% | +8.50% | 2026-06-26 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Senior Secured Loan (2) | $3.53M | $6.58M | -$3.06M | — | — | 2026-12-31 |
Redstone Holdco 2 LP (F/K/A RSA Security) | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Senior Secured Loan (2) | $3.46M | $4.41M | -$941.0K | 13.18% | +7.75% | 2029-04-27 |
Excelin Home Health, LLC | Home Health Care Services | Senior Secured Loan | $3.44M | $4.23M | -$788.0K | 15.15% | +9.50% | 2025-09-30 |
Allen Media, LLC | Cable and Other Subscription Programming | Senior Secured Loan | $3.35M | $3.73M | -$388.0K | 11.04% | +5.50% | 2027-02-10 |
THL Credit Wind River 2019‐3 CLO Ltd | Regatta II Funding | Subordinated Notes | $3.21M | $5.05M | -$1.85M | 10.40% | — | 2031-04-15 |
Regatta XXII Funding Ltd | Regatta II Funding | Mezzanine debt - Class E | $3.06M | $2.97M | $82.0K | 12.52% | +7.19% | 2035-07-20 |
SS Acquisition, LLC | Sports and Recreation Instruction | Senior Secured Loan | $3.04M | $3.02M | $20.0K | 12.27% | +6.76% | 2026-12-30 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Senior Secured Loan | $3.00M | $3.15M | -$159.0K | — | +8.75% | 2026-08-31 |
Venture 45 CLO Ltd. | Trinitas CLO VIII | Mezzanine debt - Class E | $2.90M | $2.94M | -$39.0K | 13.03% | +7.70% | 2035-07-20 |
The Escape Game, LLC | Other Amusement and Recreation Industries | Senior Secured Loan (Revolver) | $2.80M | $2.78M | $19.0K | 12.42% | +7.00% | 2024-12-22 |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | Senior Secured Loan (3) | $2.61M | $2.60M | $2.0K | 10.79% | +5.25% | 2024-08-26 |
Ivanti Software, Inc. | Software Publishers | Senior Secured Loan | $2.55M | $2.95M | -$396.0K | 9.76% | +4.25% | 2027-12-01 |
TRS Services, LLC | — | Preferred Equity | $2.54M | $70.0K | $2.47M | — | — | — |
Staples, Inc. | Business to Business Electronic Markets | Senior Secured Loan | $2.48M | $2.85M | -$370.0K | 10.63% | +5.00% | 2026-04-16 |
Reception Purchaser LLC | Transportation and Warehousing | Senior Secured Loan | $2.38M | $2.50M | -$119.0K | 11.54% | +6.00% | 2028-03-24 |
Octagon Investment Partners 39, Ltd. | Ares L CLO | Subordinated Notes | $2.37M | $4.19M | -$1.82M | 10.72% | — | 2030-10-20 |
Inergex Holdings, LLC | Other Computer Related Services | Senior Secured Loan (Revolver) | $2.34M | $2.30M | $42.0K | — | +7.00% | 2024-10-01 |
Advantage Sales & Marketing Inc. (F/K/A Karman Buyer Corp) | Advertising Agencies | Senior Secured Loan | $2.19M | $2.24M | -$52.0K | 10.04% | +4.50% | 2027-10-28 |
Avison Young | Nonresidential Property Managers | Senior Secured Loan #1 | $2.06M | $3.90M | -$1.84M | 12.15% | +6.50% | 2026-01-31 |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | Senior Secured Loan #1 | $1.97M | $1.95M | $19.0K | 11.75% | +6.25% | 2027-07-22 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Common Equity | $1.97M | $104.0K | $1.86M | — | — | — |
GoTo Group (F/K/A LogMeIn, Inc.) | Data Processing, Hosting, and Related Services | Senior Secured Loan | $1.96M | $2.92M | -$968.0K | 10.27% | +4.75% | 2027-08-31 |
Brightwood Capital MM CLO 2023-1A, Ltd. | Ares L CLO | Mezzanine Debt - Class E | $1.92M | $1.92M | $0.00 | 15.75% | +10.36% | 2035-10-15 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Delayed Draw 2) | $1.89M | $1.87M | $18.0K | 11.54% | +6.00% | 2027-10-15 |
Creation Technologies | Bare Printed Circuit Board Manufacturing | Senior Secured Loan | $1.87M | $1.96M | -$98.0K | 11.03% | +5.50% | 2028-10-05 |
East West Manufacturing | Fluid Power Pump and Motor Manufacturing | Senior Secured Loan | $1.85M | $1.92M | -$70.0K | 11.12% | +5.75% | 2028-12-22 |
Dryden 76 CLO, Ltd. | Ares L CLO | Subordinated Notes | $1.84M | $2.34M | -$502.0K | 17.88% | — | 2032-10-20 |
Trinitas CLO VIII | Trinitas CLO VIII | Subordinated Notes | $1.69M | $3.04M | -$1.35M | 10.59% | — | — |
Signal Parent, Inc. | New Single-Family Housing Construction (except For-Sale Builders) | Senior Secured Loan | $1.53M | $1.79M | -$262.0K | 8.92% | +3.50% | 2028-04-03 |
Redstone Holdco 2 LP (F/K/A RSA Security) | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Senior Secured Loan (1) | $1.48M | $1.71M | -$231.0K | 10.18% | +4.75% | 2028-04-27 |
Spear Education Holdings, LLC | Professional and Management Development Training | Senior Secured Loan | $1.47M | $1.46M | $16.0K | — | +7.50% | 2027-12-15 |
BCPE North Star US Holdco 2, Inc. | — | Debt and Equity Investments | $1.46M | $1.64M | -$180.0K | 12.68% | +7.25% | 2029-06-08 |
SS Acquisition, LLC | Sports and Recreation Instruction | Senior Secured Loan (Delayed Draw) | $1.46M | $1.45M | $11.0K | 13.03% | +7.59% | 2026-12-30 |
One GI LLC | Offices of Other Holding Companies | Senior Secured Loan (Revolver) | $1.36M | $1.43M | -$69.0K | 12.17% | +6.75% | 2025-12-22 |
RPLF Holdings, LLC | Software Publishers | Common Equity (345,339 Class A units) | $1.19M | — | — | — | — | — |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Senior Secured Loan (Delayed Draw) | $1.10M | $1.19M | -$88.0K | — | +8.25% | — |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | Senior Secured Loan (2) | $1.03M | $1.03M | $0.00 | 10.79% | +5.25% | 2024-08-26 |
Park Avenue Institutional Advisers CLO Ltd | Park Avenue Institutional Advisers CLO Ltd 2021-1 | 2021-1, Mezzanine debt - Class E | $976.0K | $981.0K | -$5.0K | 12.89% | +7.30% | 2034-01-20 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Common Equity | $937.0K | $1.29M | -$353.0K | — | — | — |
Monroe Capital MML CLO X, Ltd. | Ares L CLO | Mezzanine debt - Class E-R | $936.0K | $957.0K | -$21.0K | 14.13% | +8.75% | 2034-05-20 |
Brightwood Capital MM CLO 2023-1A, Ltd. | Ares L CLO | Mezzanine Debt - Class D | $887.0K | $887.0K | $0.00 | 11.85% | +6.46% | 2035-10-15 |
Dryden 53 CLO, Ltd. | Ares L CLO | Subordinated Notes - Income | $698.0K | $1.39M | -$695.0K | 12.54% | — | 2031-01-15 |
TalentSmart Holdings, LLC | Professional and Management Development Training | Common Equity | $648.0K | $1.59M | -$947.0K | — | — | — |
PM Acquisition LLC | All Other General Merchandise Stores | Common Equity (499 units) | $620.0K | $499.0K | $121.0K | — | — | — |
Redding Ridge | Redding Ridge 4 | Subordinated Notes #4 | $567.0K | $959.0K | -$392.0K | 9.47% | — | 2030-04-15 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | Senior Secured Loan (Revolver) | $443.0K | $584.0K | -$141.0K | 11.75% | +6.00% | 2026-10-14 |
Avison Young | Nonresidential Property Managers | Senior Secured Loan #2 | $417.0K | $757.0K | -$340.0K | 12.65% | +7.00% | 2026-01-31 |
Astro One Acquisition Corporation | Other Miscellaneous Nondurable Goods Merchant Wholesalers | Senior Secured Loan | $385.0K | $2.70M | -$2.32M | 14.23% | +8.50% | 2029-09-14 |
Wellfleet CLO 2018-2 | Wellfleet CLO 2018-2 | Subordinated Notes | $359.0K | $650.0K | -$291.0K | 8.56% | — | 2031-10-20 |
DRF Imaging Services, LLC | — | Common Equity | $358.0K | — | — | — | — | — |
DRS Imaging Services, LLC | Data Processing, Hosting, and Related Services | Common Equity | $358.0K | $1.14M | -$777.0K | — | — | — |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Preferred Equity | $344.0K | $345.0K | -$1.0K | — | — | — |
SSJA Bariatric Management LLC | Offices of Physicians and Mental Health Specialists | Senior Secured Loan (Revolver) | $199.0K | $199.0K | $0.00 | 10.79% | +5.25% | 2024-08-26 |
Sentry Centers Holdings, LLC | Convention and Trade Show Organizers | Preferred Equity (1,603 Series B units) | $157.0K | $160.0K | -$3.0K | — | — | — |
Diamond Sports Group, LLC | Television Broadcasting | Senior Secured Loan (1) | $132.0K | $248.0K | -$116.0K | 15.43% | +10.00% | 2026-05-25 |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Subordinated Loan | $100.0K | — | — | — | — | — |
Master Cutlery, LLC (4) (10) (20) | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Debt and Equity Investments | $100.0K | $4.68M | -$4.58M | — | — | 2024-05-25 |
Elevation CLO 2017-7, Ltd. | Ares L CLO | Subordinated Notes | $97.0K | $1.30M | -$1.20M | 0.00% | — | 2030-07-15 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Revolver) | $95.0K | $85.0K | $10.0K | 13.25% | +4.75% | 2027-10-15 |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | Senior Secured Loan #2 | $46.0K | $45.0K | $1.0K | 11.77% | +6.25% | 2027-07-22 |
Diamond Sports Group, LLC | Television Broadcasting | Senior Secured Loan (2) | $46.0K | $1.94M | -$1.89M | 10.68% | +5.25% | 2026-08-24 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Warrants | $45.0K | $200.0K | -$155.0K | — | — | — |
Constellis Holdings, LLC | Other Justice, Public Order, and Safety Activities | Common Equity | $37.0K | $703.0K | -$666.0K | — | — | — |
United Biologics Holdings, LLC | Medical Laboratories | Preferred Equity (4,701 units) | $20.0K | $9.0K | $11.0K | — | — | — |
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 | — | — | — |
Pfanstiehl Holdings, Inc. | Pharmaceutical Preparation Manufacturing | Common Equity (400 Class A shares) | $0.00 | $217.0K | -$217.0K | — | — | — |
TRS Services, LLC | — | Common Equity | $0.00 | $572.0K | -$572.0K | — | — | — |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Revolver) | -$48.0K | -$10.0K | -$38.0K | — | +6.50% | 2027-02-25 |
Metasource | All Other Business Support Services | Senior Secured Loan (Delayed Draw) | -$69.0K | -$5.0K | -$64.0K | — | +6.25% | 2027-05-17 |
Kreg LLC | Other Ambulatory Health Care Services | Senior Secured Loan (Revolver) | -$95.0K | -$6.0K | -$89.0K | — | +6.25% | 2026-12-20 |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Common Equity | — | — | — | — | — | — |
Disclosed holdings FV
$457.25M
Parsed holdings FV
$448.29M
Residual gap
$8.96M
Balance-sheet cash
$15.94M
CIK
0001487918
Accession
0001487918-23-000101
Form type
10-Q
Period
2023-09-30