OFS
OFS Capital
Portfolio Fair Value
$486.01M
111 holdings
Avg Spread
+6.61%
FV-weighted, debt
Avg Coupon
12.46%
FV-weighted
% First Lien
63.6%
of debt FV
Unrealized P/L
+$29.84M
+6.54% of cost
Non-Accrual
3
text-detected
Balance sheet
Assets$505.91M
Liabilities + Equity$505.91M
First Lien
$314.33M · 62.1%
First Lien
$314.33M · 62.1%
Subordinated
$68.27M · 13.5%
Subordinated
$68.27M · 13.5%
Other Debt
$8.49M · 1.7%
Equity
$103.49M · 20.5%
Equity
$103.49M · 20.5%
Cash & Equivalents
$6.83M · 1.3%
Other Assets
$4.50M · 0.9%
Debt (Borrowings)
$327.52M · 64.7%
Debt (Borrowings)
$327.52M · 64.7%
Other Liabilities
$4.96M · 1.0%
Net Assets (Equity)
$173.42M · 34.3%
Net Assets (Equity)
$173.42M · 34.3%
Industry Composition
Pharmaceutical Preparation Manufacturing
17.0%
Ares L CLO
8.8%
Administrative Management and General Management Consulting Services
6.3%
Motor Vehicle Parts (Used) Merchant Wholesalers
5.7%
Services for the Elderly and Persons with Disabilities
5.1%
Other amusement and recreation industries
4.9%
Other Computer Related Services
3.5%
Other Ambulatory Health Care Services
3.2%
Motorcycle, Bicycle, and Parts Manufacturing
3.1%
Offices of Physicians, Mental Health Specialists
2.7%
Structured Finance Securities
2.6%
Offices of Other Holding Companies
2.5%
Other industries
34.5%
Spread Distribution
2.0%
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 | $82.76M | — | — | — | — | — |
Milrose Consultants, LLC | Administrative Management and General Management Consulting Services | Senior Secured Loan | $29.93M | $30.01M | -$80.0K | — | +7.50% | 2025-07-16 |
All Star Auto Lights, Inc. | Motor Vehicle Parts (Used) Merchant Wholesalers | Senior Secured Loan #1 | $22.98M | $22.79M | $189.0K | 12.75% | +7.25% | 2025-08-20 |
The Escape Game, LLC | Other amusement and recreation industries | Senior Secured Loan | $21.21M | $20.92M | $293.0K | 12.20% | +7.00% | 2024-12-22 |
Kreg LLC | Other Ambulatory Health Care Services | Senior Secured Loan | $15.72M | $16.84M | -$1.12M | — | +2.25% | 2026-12-20 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | Senior Secured Loan | $15.03M | $15.38M | -$351.0K | 11.23% | +5.75% | 2026-10-14 |
Inergex Holdings, LLC | Other Computer Related Services | Senior Secured Loan | $14.87M | $14.72M | $143.0K | 12.59% | +7.00% | 2024-10-01 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Delayed Draw) | $10.93M | $11.00M | -$69.0K | 11.99% | +6.50% | 2027-02-25 |
SSJA Bariatric Management LLC | Offices of Physicians, Mental Health Specialists | Senior Secured Loan (1) | $9.43M | $9.60M | -$172.0K | 10.64% | +5.25% | 2024-08-26 |
STS Operating, Inc. | Industrial Machinery and Equipment Merchant Wholesalers | Senior Secured Loan | $9.07M | $9.07M | $1.0K | 13.20% | +8.00% | 2026-04-30 |
24 Seven Holdco, LLC | Temporary Help Services | Senior Secured Loan | $8.59M | $8.82M | -$228.0K | 11.26% | +6.00% | 2027-11-16 |
Brightwood Capital MM CLO 2022-1, LTD | Ares L CLO | Loan Accumulation Facility | $8.35M | $8.50M | -$155.0K | 0.00% | — | 2032-12-31 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Preferred Equity | $8.33M | $6.80M | $1.54M | — | — | — |
Barings CLO 2019-I Ltd. | Ares L CLO | Mezzanine debt - Class E | $7.27M | $7.91M | -$637.0K | 12.12% | +6.86% | 2035-04-15 |
Apex Credit CLO 2022-1A | Apex Credit CLO 2022-1A | Subordinated Notes | $7.07M | $8.79M | -$1.73M | 17.27% | — | 2033-04-22 |
One GI LLC | Offices of Other Holding Companies | Senior Secured Loan (Delayed Draw) (1) | $6.96M | $7.38M | -$418.0K | 11.95% | +6.75% | 2025-12-22 |
Apex Credit CLO 2020 Ltd. | Structured Finance Securities | Subordinated Notes | $6.93M | $10.14M | -$3.21M | 21.16% | — | 2031-10-20 |
Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) | Software Publishers | Senior Secured Loan | $6.51M | $14.11M | -$7.60M | 5.50% | — | 2025-12-31 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan | $6.49M | $6.41M | $78.0K | 11.14% | +5.75% | 2027-10-15 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Senior Secured Loan (1) | $6.33M | $6.33M | $0.00 | 7.50% | — | 2025-12-31 |
KNS Acquisition Corp. | Electronic Shopping and Mail-Order Houses | Senior Secured Loan | $6.29M | $6.66M | -$377.0K | 11.47% | +6.25% | 2027-04-21 |
Spring Education Group, Inc. (F/K/A SSH Group Holdings, Inc.,) | Child Day Care Services | Senior Secured Loan | $6.26M | $6.39M | -$137.0K | 13.79% | +8.25% | 2026-07-30 |
Convergint Technologies Holdings, LLC | Security Systems Services (except Locksmiths) | Senior Secured Loan | $5.86M | $5.85M | $2.0K | 11.97% | +6.75% | 2029-03-30 |
Tony's Fresh Market/ Cardenas Markets | Supermarkets and Other Grocery (except Convenience) Stores | Senior Secured Loan | $5.81M | $5.64M | $162.0K | 12.09% | +6.75% | 2029-08-01 |
Apex Credit CLO 2021 Ltd | Structured Finance Securities | Subordinated Notes | $5.65M | $7.16M | -$1.51M | 18.71% | — | 2034-07-18 |
Madison Park Funding XXIX, Ltd. | Ares L CLO | Subordinated Notes | $5.46M | $6.34M | -$885.0K | 21.13% | — | 2047-10-18 |
Battalion CLO XI, Ltd. | Ares L CLO | Mezzanine debt - Class E | $5.36M | $5.89M | -$525.0K | 12.12% | +6.85% | 2034-04-24 |
Flatiron CLO 18, Ltd. | Ares L CLO | Subordinated Notes | $5.11M | $6.81M | -$1.69M | 15.50% | — | 2031-04-17 |
All Star Auto Lights, Inc. | Motor Vehicle Parts (Used) Merchant Wholesalers | Senior Secured Loan #2 | $4.95M | $4.88M | $70.0K | 12.75% | +7.25% | 2025-08-20 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance. Abuse Centers | Senior Secured Loan | $4.88M | $4.91M | -$32.0K | 13.74% | +8.50% | 2028-06-11 |
Madison Park Funding XXIII, Ltd. | Ares L CLO | Subordinated Notes | $4.87M | $6.01M | -$1.14M | 23.18% | — | 2047-07-27 |
TruGreen Limited | — | Partnership, Senior Secured Loan | $4.22M | $4.60M | -$377.0K | 13.77% | +8.50% | 2028-11-02 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Delayed Draw 1) | $4.11M | $4.05M | $59.0K | 10.95% | +5.75% | 2027-10-15 |
JP Intermediate B, LLC | Drugs and Druggists' Sundries Merchant Wholesalers | Senior Secured Loan | $3.94M | $5.07M | -$1.13M | 10.77% | +5.50% | 2025-11-15 |
BayMark Health Services, Inc. | Outpatient Mental Health and Substance. Abuse Centers | Senior Secured Loan (Delayed Draw) | $3.92M | $3.94M | -$23.0K | 13.74% | +8.50% | 2028-06-11 |
Idera | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Senior Secured Loan | $3.89M | $4.00M | -$113.0K | 12.01% | +6.75% | 2029-03-02 |
Excelin Home Health, LLC | Home Health Care Services | Senior Secured Loan | $3.87M | $4.23M | -$366.0K | 15.00% | +9.50% | 2025-09-30 |
One GI LLC | Offices of Other Holding Companies | Senior Secured Loan (Delayed Draw) (2) | $3.67M | $3.88M | -$211.0K | 11.95% | +6.75% | 2025-12-22 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Senior Secured Loan | $3.66M | $3.82M | -$159.0K | 13.75% | +8.25% | 2026-08-31 |
RSA Security | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Senior Secured Loan (2) | $3.60M | $4.40M | -$807.0K | 13.04% | +7.75% | 2029-04-27 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Senior Secured Loan (2) | $3.53M | $6.58M | -$3.05M | — | — | 2026-12-31 |
Electrical Components International, Inc. | Current-Carrying Wiring Device Manufacturing | Senior Secured Loan | $3.49M | $3.41M | $84.0K | 13.86% | +8.50% | 2026-06-26 |
Allen Media, LLC | Cable and Other Subscription Programming | Senior Secured Loan | $3.25M | $3.75M | -$497.0K | 10.89% | +5.50% | 2027-02-10 |
THL Credit Wind River 2019‐3 CLO Ltd | Regatta II Funding | Subordinated Notes | $3.24M | $5.22M | -$1.98M | 12.65% | — | 2031-04-15 |
Avison Young | Nonresidential Property Managers | Senior Secured Loan #1 | $3.22M | $3.90M | -$686.0K | 12.00% | +6.50% | 2026-01-31 |
SS Acquisition, LLC | Sports and Recreation Instruction | Senior Secured Loan | $3.05M | $3.02M | $27.0K | 11.92% | +6.77% | 2026-12-30 |
Regatta XXII Funding Ltd | Regatta II Funding | Mezzanine debt - Class E | $2.96M | $2.97M | -$14.0K | 12.24% | +7.19% | 2035-07-20 |
Venture 45 CLO Ltd. | Trinitas CLO VIII | Mezzanine debt - Class E | $2.85M | $2.94M | -$87.0K | 12.75% | +7.70% | 2035-07-20 |
The Escape Game, LLC | Other amusement and recreation industries | Senior Secured Loan (Revolver) | $2.80M | $2.78M | $23.0K | 12.20% | +7.00% | 2024-12-22 |
Octagon Investment Partners 39, Ltd. | Ares L CLO | Subordinated Notes | $2.70M | $4.39M | -$1.69M | 11.43% | — | 2030-10-20 |
SSJA Bariatric Management LLC | Offices of Physicians, Mental Health Specialists | Senior Secured Loan (3) | $2.57M | $2.61M | -$41.0K | 10.64% | +5.25% | 2024-08-26 |
Ivanti Software, Inc. | Software Publishers | Senior Secured Loan | $2.50M | $2.96M | -$458.0K | 9.42% | +4.25% | 2027-12-01 |
Reception Purchaser LLC | Transportation and Warehousing | Senior Secured Loan | $2.49M | $2.50M | -$8.0K | 11.39% | +6.00% | 2028-03-24 |
Staples, Inc. | Business to Business Electronic Markets | Senior Secured Loan | $2.48M | $2.85M | -$373.0K | 10.30% | +5.00% | 2026-04-16 |
Inergex Holdings, LLC | Other Computer Related Services | Senior Secured Loan (Revolver) | $2.34M | $2.29M | $53.0K | 12.59% | +7.00% | 2024-10-01 |
RSA Security | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers | Senior Secured Loan (1) | $2.31M | $2.74M | -$437.0K | 10.01% | +4.75% | 2028-04-27 |
Karman Buyer Corp | Advertising Agencies | Senior Secured Loan | $2.14M | $2.25M | -$104.0K | 9.72% | +4.50% | 2027-10-28 |
TRS Services, LLC | — | Preferred Equity | $1.95M | — | — | — | — | — |
Dryden 76 CLO, Ltd. | Ares L CLO | Subordinated Notes | $1.95M | $2.34M | -$395.0K | 18.54% | — | 2032-10-20 |
AIDC IntermediateCo 2, LLC | Computer Systems Design Services | Senior Secured Loan | $1.94M | $1.95M | -$12.0K | 11.47% | +6.25% | 2027-07-22 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Delayed Draw 2) | $1.89M | $1.88M | $16.0K | 11.20% | +6.00% | 2027-10-15 |
Trinitas CLO VIII | Trinitas CLO VIII | Subordinated Notes | $1.88M | $3.04M | -$1.17M | 19.28% | — | — |
Creation Technologies | Bare Printed Circuit Board Manufacturing | Senior Secured Loan | $1.86M | $1.97M | -$105.0K | 10.72% | +5.50% | 2028-10-05 |
LogMeIn, Inc. | Data Processing, Hosting, and Related Services | Senior Secured Loan | $1.85M | $2.93M | -$1.08M | 9.94% | +4.75% | 2027-08-31 |
East West Manufacturing | Fluid Power Pump and Motor Manufacturing | Senior Secured Loan | $1.84M | $1.92M | -$84.0K | 10.79% | +5.75% | 2028-12-22 |
Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing | Common Equity | $1.66M | $104.0K | $1.56M | — | — | — |
BCPE North Star US Holdco 2, Inc. | — | Debt and Equity Investments | $1.50M | $1.64M | -$138.0K | 12.79% | +7.25% | 2029-06-08 |
SS Acquisition, LLC | Sports and Recreation Instruction | Senior Secured Loan (Delayed Draw) | $1.48M | $1.45M | $27.0K | 12.62% | +7.47% | 2026-12-30 |
Signal Parent, Inc. | New Single-Family Housing Construction (except For-Sale Builders) | Senior Secured Loan | $1.47M | $1.80M | -$326.0K | 8.70% | +3.50% | 2028-04-03 |
Spear Education Holdings, LLC | Professional and Management Development Training | Senior Secured Loan | $1.46M | $1.46M | $3.0K | — | +7.50% | 2027-12-15 |
One GI LLC | Offices of Other Holding Companies | Senior Secured Loan (Revolver) | $1.35M | $1.43M | -$81.0K | 11.95% | +6.75% | 2025-12-22 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Common Equity | $1.17M | $1.29M | -$121.0K | — | — | — |
RPLF Holdings, LLC | Software Publishers | Common Equity (345,339 Class A units) | $1.12M | — | — | — | — | — |
Astro One Acquisition Corporation | Other Miscellaneous Nondurable Goods Merchant Wholesalers | Senior Secured Loan | $1.11M | $2.70M | -$1.59M | 14.23% | +8.50% | 2029-09-14 |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Senior Secured Loan (Delayed Draw) | $1.11M | $1.19M | -$81.0K | 13.75% | +8.25% | 2026-08-31 |
SSJA Bariatric Management LLC | Offices of Physicians, Mental Health Specialists | Senior Secured Loan (2) | $1.02M | $1.04M | -$18.0K | 10.64% | +5.25% | 2024-08-26 |
Monroe Capital MML CLO X, Ltd. | Ares L CLO | Mezzanine debt - Class E-R | $934.0K | $953.0K | -$19.0K | 13.88% | +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 | $921.0K | $980.0K | -$59.0K | 12.55% | +7.30% | 2034-01-20 |
PM Acquisition LLC | All Other General Merchandise Stores | Common Equity (499 units) | $789.0K | $499.0K | $290.0K | — | — | — |
Dryden 53 CLO, Ltd. | Ares L CLO | Subordinated Notes - Income | $776.0K | $1.46M | -$679.0K | 19.68% | — | 2031-01-15 |
TalentSmart Holdings, LLC | Professional and Management Development Training | Common Equity | $743.0K | $1.59M | -$852.0K | — | — | — |
Avison Young | Nonresidential Property Managers | Senior Secured Loan #2 | $675.0K | $757.0K | -$82.0K | 12.22% | +7.00% | 2026-01-31 |
Redding Ridge | Redding Ridge 4 | Subordinated Notes #4 | $581.0K | $999.0K | -$418.0K | 16.51% | — | 2030-04-15 |
DRF Imaging Services, LLC | — | Common Equity | $491.0K | — | — | — | — | — |
DRS Imaging Services, LLC | Data Processing, Hosting, and Related Services | Common Equity | $491.0K | $1.14M | -$644.0K | — | — | — |
Milrose Consultants, LLC | Administrative Management and General Management Consulting Services | Senior Secured Loan (Revolver) | $468.0K | $472.0K | -$4.0K | 12.99% | +7.50% | 2025-07-16 |
Wellfleet CLO 2018-2 | Wellfleet CLO 2018-2 | Subordinated Notes | $368.0K | $672.0K | -$304.0K | 16.51% | — | 2031-10-20 |
Boca Home Care Holdings, Inc. | Services for the Elderly and Persons with Disabilities | Preferred Equity | $345.0K | $345.0K | $0.00 | — | — | — |
Diamond Sports Group, LLC | Television Broadcasting | Senior Secured Loan (1) | $196.0K | $248.0K | -$52.0K | 15.25% | +10.00% | 2026-05-25 |
SSJA Bariatric Management LLC | Offices of Physicians, Mental Health Specialists | Senior Secured Loan (Revolver) | $187.0K | $198.0K | -$11.0K | 10.59% | +5.25% | 2024-08-26 |
Sentry Centers Holdings, LLC | Convention and Trade Show Organizers | Preferred Equity (1,603 Series B units) | $161.0K | $160.0K | $1.0K | — | — | — |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Subordinated Loan | $116.0K | — | — | — | — | — |
Master Cutlery, LLC (4) (10) (20) | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Debt and Equity Investments | $116.0K | $4.68M | -$4.56M | — | — | 2024-05-25 |
Elevation CLO 2017-7, Ltd. | Ares L CLO | Subordinated Notes | $97.0K | $1.30M | -$1.21M | 0.00% | — | 2030-07-15 |
Honor HN Buyer Inc | Services for the Elderly and Persons with Disabilities | Senior Secured Loan (Revolver) | $93.0K | $84.0K | $9.0K | 13.00% | +4.75% | 2027-10-15 |
Diamond Sports Group, LLC | Television Broadcasting | Senior Secured Loan (2) | $69.0K | $1.94M | -$1.87M | 10.50% | +5.25% | 2026-08-24 |
Constellis Holdings, LLC | Other Justice, Public Order, and Safety Activities | Common Equity | $38.0K | $703.0K | -$665.0K | — | — | — |
United Biologics Holdings, LLC | Medical Laboratories | Preferred Equity (4,701 units) | $19.0K | $9.0K | $10.0K | — | — | — |
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 | — | — | — |
RumbleOn, Inc. | Other Industrial Machinery Manufacturing | Warrants | $0.00 | $200.0K | -$200.0K | — | — | — |
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) | -$21.0K | -$11.0K | -$10.0K | — | +6.50% | 2027-02-25 |
Tolemar Acquisition, Inc. | Motorcycle, Bicycle, and Parts Manufacturing | Senior Secured Loan (Revolver) | -$67.0K | -$8.0K | -$59.0K | 18.00% | +5.75% | 2026-10-14 |
Kreg LLC | Other Ambulatory Health Care Services | Senior Secured Loan (Revolver) | -$95.0K | -$7.0K | -$88.0K | — | +6.25% | 2026-12-20 |
Metasource | All Other Business Support Services | Senior Secured Loan (Delayed Draw) | -$96.0K | -$5.0K | -$91.0K | — | +6.25% | 2027-05-17 |
Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Electrical Contractors and Other Wiring Installation Contractors | Senior Secured Loan (Revolver) | — | — | — | 18.00% | — | 2025-12-31 |
Master Cutlery, LLC | Sporting and Recreational Goods and Supplies Merchant Wholesalers | Common Equity | — | — | — | — | — | — |
Disclosed holdings FV
$494.58M
Parsed holdings FV
$486.01M
Residual gap
$8.56M
Balance-sheet cash
$6.83M
CIK
0001487918
Accession
0001487918-23-000095
Form type
10-Q
Period
2023-06-30