BDC·info
CION

CION Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$2.13B
276 holdings
Avg Spread
+6.94%
FV-weighted, debt
Avg Coupon
8.13%
FV-weighted
% First Lien
65.0%
of debt FV
Unrealized P/L
+$113.23M
+5.60% of cost
Non-Accrual
12
text-detected

Balance sheet

Assets$1.84B
Liabilities + Equity$1.84B
First Lien
$1.17B · 63.5%
Equity
$436.45M · 23.7%
Debt (Borrowings)
$1.16B · 62.8%
Net Assets (Equity)
$659.64M · 35.8%

Industry Composition

Unclassified
13.4%
12/21/2027 Maturity
8.8%
Healthcare & Pharmaceuticals
5.3%
Energy: Electricity
5.0%
3/31/2031 Maturity
2.1%
2/23/2029 Maturity
2.1%
Banking, Finance, Insurance & Real Estate
2.1%
9/30/2026 Maturity
2.1%
9/30/2027 Maturity
2.0%
5/4/2029 Maturity
2.0%
9/30/2030 Maturity
1.9%
3/21/2030 Maturity
1.9%
Other industries
51.4%

Fair Value History

Q2 '23
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25
Q1 '26

Spread Distribution

1.0%
 
4.0%
 
5.0%
 
6.0%
6.5%
7.0%
 
8.0%
 
9.0%
 
10.0%
 
12.0%
 
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
276 of 305
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Longview Intermediate Holdings C, LLC
Membership Units
$106.53M
Longview Intermediate Holdings C, LLC, Membership Units
Energy: Electricity
Equity
$106.53M
$12.92M
$93.61M
First American Treasury Obligations Fund, Class Z Shares
Senior Secured Second Lien Debt
$97.05M
$97.05M
$0.00
3.55%
David's Bridal, Inc.
12/21/2027 Maturity
Senior Secured First Lien Debt #2
$82.08M
$92.88M
-$10.80M
+6.50%
2027-12-21
Carestream Health Holdings Inc.
Healthcare & Pharmaceuticals
Common Shares
$37.60M
Carestream Health Holdings, Inc., Common Stock
Healthcare & Pharmaceuticals
Equity
$37.60M
$24.84M
$12.76M
Cennox, Inc.
5/4/2029 Maturity
Senior Secured First Lien Debt #1
$36.97M
$38.14M
-$1.18M
+6.75%
2029-05-04
CION/EagleTree Partners, LLC
12/21/2027 Maturity
Senior Secured First Lien Debt
$36.04M
$36.04M
$0.00
14.00%
2027-12-21
Instant Web, LLC
2/23/2029 Maturity
Senior Secured First Lien Debt #1
$35.22M
$58.70M
-$23.48M
+7.00%
2029-02-23
Entertainment Studios P&A LLC
9/30/2030 Maturity
Senior Secured First Lien Debt
$34.34M
$34.34M
$0.00
+9.00%
2030-09-30
Hilliard
Martinez & Gonzales
LLP | Senior Secured First Lien Debt | 4/30/2025 Maturity
$27.90M
$28.32M
-$419.0K
+12.00%
2025-04-30
OpCo Borrower, LLC
4/26/2029 Maturity
Senior Secured First Lien Debt
$27.09M
$27.01M
$78.0K
+6.00%
2029-04-26
Gold Medal Holdings, Inc.
3/17/2027 Maturity
Senior Secured First Lien Debt #1
$26.96M
$26.91M
$42.0K
+5.75%
2027-03-17
Community Tree Service, LLC
6/17/2027 Maturity
Senior Secured First Lien Debt
$24.89M
$24.85M
$42.0K
+8.00%
2027-06-17
American Clinical Solutions LLC
6/30/2026 Maturity
Senior Secured First Lien Debt #1
$24.11M
$30.37M
-$6.25M
+7.00%
2026-06-30
Future Pak, LLC
3/21/2030 Maturity
Senior Secured First Lien Debt
$23.43M
$23.38M
$58.0K
+6.25%
2030-03-21
JP Intermediate B, LLC
3/31/2031 Maturity
Senior Secured First Lien Debt #1
$23.43M
$27.16M
-$3.73M
+5.50%
2031-03-31
Wok Holdings Inc.
9/3/2029 Maturity
Senior Secured First Lien Debt
$23.11M
$23.73M
-$626.0K
+6.25%
2029-09-03
WorkGenius, Inc.
6/7/2027 Maturity
Senior Secured First Lien Debt #1
$22.74M
$22.74M
$0.00
+7.00%
2027-06-07
Klein Hersh, LLC
4/27/2028 Maturity
Senior Secured First Lien Debt
$21.59M
$21.29M
$293.0K
+8.00%
2028-04-27
Lift Brands, Inc.
9/30/2026 Maturity
Senior Secured First Lien Debt #1
$21.54M
$21.14M
$396.0K
+7.50%
2026-09-30
Anthem Sports & Entertainment Inc.
11/15/2027 Maturity
Senior Secured First Lien Debt #2
$21.24M
$26.22M
-$4.98M
10.00%
2027-11-15
SRA Parent, LLC
Common Equity
$20.55M
SRA Parent, LLC, Common Units
Banking, Finance, Insurance & Real Estate
Equity
$20.55M
$19.98M
$564.0K
Core Health & Fitness, LLC
6/17/2029 Maturity
Senior Secured First Lien Debt
$20.19M
$19.44M
$749.0K
+8.00%
2029-06-17
BDS Solutions Intermediateco, LLC
2/7/2027 Maturity
Senior Secured First Lien Debt #1
$19.41M
$19.31M
$102.0K
+6.75%
2027-02-07
Live Comfortably Borrower LLC
9/19/2027 Maturity
Senior Secured First Lien Debt
$19.03M
$21.55M
-$2.52M
+10.00%
2027-09-19
JP Intermediate B, LLC
3/31/2031 Maturity
Common Shares
$18.84M
JuicePlus Topco, LLC, Membership Units
Beverage, Food & Tobacco
Equity
$18.84M
$31.24M
-$12.40M
ICA Foam Holdings, LLC
12/5/2026 Maturity
Senior Secured First Lien Debt
$18.60M
$18.63M
-$24.0K
+6.00%
2026-12-05
Dependable Acquisition Inc.
3/9/2032 Maturity
Senior Secured First Lien Debt
$18.25M
$18.25M
$0.00
+6.50%
2032-03-09
Homer City Generation, L.P.
4/16/2028 Maturity
Senior Secured First Lien Debt #1
$18.25M
$19.08M
-$827.0K
15.00%
2028-04-16
SHF Holdings, Inc.
1/22/2030 Maturity
Senior Secured First Lien Debt #1
$18.03M
$18.03M
$0.00
+5.50%
2030-01-22
Trammell, P.C.
4/28/2026 Maturity
Senior Secured First Lien Debt
$17.96M
$17.96M
$0.00
+15.50%
2026-04-28
Sleep Opco, LLC
11/7/2030 Maturity
Senior Secured First Lien Debt #1
$17.89M
$17.89M
$0.00
+5.50%
2030-11-07
Inotiv, Inc.
11/5/2026 Maturity
Senior Secured First Lien Debt
$17.78M
$20.14M
-$2.36M
+6.50%
2026-11-05
PRA Acquisition, LLC
5/12/2028 Maturity
Senior Secured First Lien Debt
$17.46M
$17.46M
$0.00
+6.50%
2028-05-12
David's Bridal, Inc.
12/21/2027 Maturity
Senior Secured First Lien Debt #1
$16.68M
$16.75M
-$63.0K
+6.00%
2027-12-21
CSC ServiceWorks East, LLC
9/4/2030 Maturity
Senior Secured First Lien Debt #2
$16.64M
$16.99M
-$357.0K
+4.00%
2030-09-04
Homer City Generation, L.P.
4/16/2028 Maturity
Senior Secured First Lien Debt #2
$16.33M
$16.17M
$163.0K
17.00%
2028-04-16
CHC Medical Partners, Inc.
Healthcare & Pharmaceuticals
Series C Preferred Stock, Healthcare & Pharmaceuticals
$16.31M
$9.86M
$6.45M
Celerity Acquisition Holdings, LLC
5/28/2026 Maturity
Senior Secured First Lien Debt
$16.12M
$16.16M
-$37.0K
+8.50%
2026-05-28
MacNeill Pride Group Corp.
4/22/2026 Maturity
Senior Secured First Lien Debt #1
$16.12M
$16.14M
-$25.0K
+6.00%
2026-04-22
Carestream Health Holdings, Inc.
Healthcare & Pharmaceuticals
Common Stock, Healthcare & Pharmaceuticals
$15.43M
$21.76M
-$6.33M
FuseFX, LLC
9/30/2027 Maturity
Senior Secured First Lien Debt
$15.25M
$21.73M
-$6.48M
+6.00%
2027-09-30
Optio Rx, LLC
3/21/2030 Maturity
Senior Secured First Lien Debt #3
$15.18M
$15.41M
-$231.0K
+10.00%
2030-03-21
Berlitz Holdings, Inc.
7/31/2026 Maturity
Senior Secured First Lien Debt #1
$15.17M
$17.50M
-$2.33M
+9.00%
2026-07-31
Riddell, Inc. / All American Sports Corp.
3/29/2029 Maturity
Senior Secured First Lien Debt
$14.91M
$14.84M
$70.0K
+6.00%
2029-03-29
CrossLink Professional Tax Solutions, LLC
6/30/2028 Maturity
Senior Secured First Lien Debt #1
$14.78M
$14.65M
$120.0K
+5.25%
2028-06-30
APS Acquisition Holdings, LLC
7/11/2029 Maturity
Senior Secured First Lien Debt #1
$14.48M
$14.48M
$0.00
+5.50%
2029-07-11
Thrill Holdings LLC
5/27/2027 Maturity
Senior Secured First Lien Debt #1
$13.67M
$18.22M
-$4.55M
+6.00%
2027-05-27
Playboy Enterprises, Inc.
5/25/2028 Maturity
Senior Secured First Lien Debt
$13.47M
$13.40M
$64.0K
+6.25%
2028-05-25
American Health Staffing Group, Inc.
11/19/2028 Maturity
Senior Secured First Lien Debt #1
$13.44M
$13.43M
$12.0K
+5.00%
2028-11-19
Metrc Inc.
9/30/2031 Maturity
Senior Secured First Lien Debt #1
$13.43M
$13.18M
$250.0K
+5.50%
2031-09-30
LAV Gear Holdings, Inc.
7/31/2029 Maturity
Senior Secured First Lien Debt #1
$13.41M
$16.37M
-$2.97M
+5.94%
2029-07-31
Cabi, LLC
7/31/2028 Maturity
Senior Secured First Lien Debt
$12.80M
$12.83M
-$29.0K
+6.00%
2028-07-31
Anthem Sports & Entertainment Inc.
11/15/2027 Maturity
Senior Secured First Lien Debt #1
$12.64M
$13.14M
-$494.0K
+5.50%
2027-11-15
Bradshaw International Parent Corp.
10/21/2027 Maturity
Senior Secured First Lien Debt
$12.52M
$12.49M
$23.0K
+5.75%
2027-10-21
Stengel Hill Architecture, LLC
8/16/2028 Maturity
Senior Secured First Lien Debt #1
$12.49M
$12.49M
$0.00
+6.75%
2028-08-16
Ancile Solutions, Inc.
6/11/2026 Maturity
Senior Secured First Lien Debt
$12.36M
$10.18M
$2.18M
+10.00%
2026-06-11
SRA Parent, LLC
Preferred Equity
$12.29M
SRA Parent, LLC, Preferred Units
Banking, Finance, Insurance & Real Estate
Equity
$12.29M
$12.29M
$4.0K
URS Topco, LLC, Common Equity
Transportation: Cargo
Equity
$12.06M
$9.67M
$2.39M
Straine Dental Management, LLC
11/25/2030 Maturity
Senior Secured First Lien Debt #1
$11.64M
$11.65M
-$12.0K
+7.42%
2030-11-25
Tactical Air Support, Inc.
12/22/2028 Maturity
Senior Secured First Lien Debt #1
$11.10M
$11.10M
$0.00
+7.50%
2028-12-22
Invincible Boat Company LLC
3/31/2028 Maturity
Senior Secured First Lien Debt #1
$11.09M
$13.54M
-$2.45M
+7.50%
2028-03-31
Avison Young (Canada) Inc./Avison Young (USA) Inc.
3/12/2029 Maturity
Senior Secured First Lien Debt #1
$11.01M
$10.99M
$26.0K
+7.50%
2029-03-12
IPP Buyer Holdings, LLC
Class A Units
$10.93M
IPP Buyer Holdings, LLC, Class A Units
Retail
Equity
$10.93M
$10.74M
$193.0K
David's Bridal, Inc.
12/21/2027 Maturity
Senior Secured First Lien Debt #3
$10.53M
$12.00M
-$1.47M
+6.00%
2027-12-21
Avison Young (Canada) Inc., Class A Preferred Shares
Banking, Finance, Insurance & Real Estate
Equity
$10.47M
$11.36M
-$887.0K
Appalachian Resource Company, LLC
12/31/2025 Maturity
Senior Secured First Lien Debt #1
$10.40M
$15.39M
-$4.99M
+5.00%
2025-12-31
David's Bridal, Inc.
12/21/2027 Maturity
Incremental First Lien Term Loan
$10.16M
Adapt Laser Acquisition, Inc.
12/31/2029 Maturity
Senior Secured First Lien Debt #1
$10.15M
$10.15M
$0.00
+7.25%
2029-12-31
Trademark Global, LLC
6/30/2027 Maturity
Senior Secured First Lien Debt
$10.13M
$19.29M
-$9.16M
+8.50%
2027-06-30
CION/EagleTree Partners, LLC
12/21/2027 Maturity
Participating Preferred Shares
$9.99M
CION/EagleTree Partners, LLC
12/21/2027 Maturity
Participating Preferred Shares, Equity
$9.99M
CION/EagleTree Partners, LLC, Participating Preferred Shares
Diversified Financials
Equity
$9.99M
$22.07M
-$12.08M
Anchor QEA, Inc.
3/25/2032 Maturity
Senior Secured First Lien Debt #1
$9.92M
$9.92M
$0.00
+5.25%
2032-03-25
Palmetto Clean Technology, Inc., Warrants
High Tech Industries
Equity
$9.82M
$472.0K
$9.35M
David's Bridal, Inc.
12/21/2027 Maturity
Senior Secured First Lien Debt #4
$9.80M
$9.65M
$154.0K
+6.50%
2027-12-21
RA Outdoors, LLC
6/30/2027 Maturity
Senior Secured First Lien Debt #1
$9.79M
$12.31M
-$2.52M
+6.75%
2027-06-30
David's Bridal Holdings, LLC
Preferred Units
$9.50M
David's Bridal Holdings, LLC, Preferred Units
Retail
Equity
$9.50M
$10.82M
-$1.32M
Dermcare Management, LLC
4/22/2028 Maturity
Senior Secured First Lien Debt #1
$9.05M
$8.97M
$76.0K
+6.00%
2028-04-22
BCP Great Lakes II - Series A Holdings LP
Diversified Financials
Partnership Interests, Diversified Financials
$8.73M
$9.99M
-$1.27M
Carestream Health, Inc.
9/30/2027 Maturity
Senior Secured First Lien Debt
$8.56M
$8.50M
$64.0K
+4.50%
2027-09-30
ESP Associates, Inc.
7/24/2028 Maturity
Senior Secured First Lien Debt #1
$8.47M
$8.38M
$85.0K
+6.50%
2028-07-24
Lift Brands, Inc.
9/30/2026 Maturity
Senior Secured First Lien Debt #3
$8.35M
$8.38M
-$23.0K
9.50%
2026-09-30
HW Acquisition, LLC
9/28/2026 Maturity
Revolving Loan
$8.12M
HW Acquisition, LLC
9/28/2026 Maturity
Senior Secured First Lien Debt #2
$7.98M
$6.00M
$1.98M
+5.00%
2026-09-28
RumbleOn, Inc.
9/30/2027 Maturity
Senior Secured First Lien Debt #2
$7.97M
$7.78M
$186.0K
+7.75%
2027-09-30
Newbury Franklin Industrials LLC
12/11/2029 Maturity
Senior Secured First Lien Debt #1
$7.85M
$7.83M
$13.0K
+7.00%
2029-12-11
Allen Media, LLC
2/10/2027 Maturity
Senior Secured First Lien Debt
$7.60M
$8.55M
-$951.0K
+5.50%
2027-02-10
Avison Young (Canada) Inc./Avison Young (USA) Inc.
3/12/2028 Maturity
Senior Secured First Lien Debt
$7.57M
$7.88M
-$302.0K
+6.25%
2028-03-12
Lift Brands, Inc.
9/30/2026 Maturity
Senior Secured First Lien Debt #2
$7.42M
$7.40M
$21.0K
9.50%
2026-09-30
WorkGenius, Inc.
6/7/2027 Maturity
Senior Secured First Lien Debt #3
$7.42M
$7.42M
$0.00
+7.00%
2027-06-07
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #1
$7.41M
$19.96M
-$12.54M
0.00%
2026-05-29
TMK Hawk Parent, Corp.
6/30/2029 Maturity
Senior Secured First Lien Debt
$7.38M
$7.49M
-$103.0K
+4.00%
2029-06-30
JP Intermediate B, LLC
9/30/2030 Maturity
Senior Secured First Lien Debt
$6.87M
$6.87M
$0.00
+7.00%
2030-09-30
Ironhorse Purchaser, LLC
9/30/2027 Maturity
Senior Secured First Lien Debt #1
$6.81M
$6.79M
$25.0K
+5.25%
2027-09-30
NewsCycle Solutions, Inc.
9/30/2026 Maturity
Senior Secured First Lien Debt
$6.48M
$11.42M
-$4.94M
+1.00%
2026-09-30
Appalachian Resource Company, LLC
12/31/2025 Maturity
Senior Secured First Lien Debt #2
$6.38M
$6.61M
-$223.0K
+10.00%
2025-12-31
TMK Hawk Parent, Corp., Common Shares
Services: Business
Equity
$6.12M
$8.58M
-$2.46M
MacNeill Pride Group Corp.
4/22/2026 Maturity
Senior Secured First Lien Debt #2
$5.95M
$5.95M
$0.00
+6.00%
2026-04-22
David's Bridal Holdings, LLC
Class A Common Units
$5.92M
David's Bridal Holdings, LLC, Class A Common Units
Retail
Equity
$5.92M
$23.13M
-$17.21M
K&N Parent, Inc.
8/16/2027 Maturity
Senior Secured First Lien Debt
$5.61M
$6.09M
-$487.0K
+8.25%
2027-08-16
ALA Holdco LLC
Class A Units
$5.44M
ALA Holdco LLC, Class A Units
Capital Equipment
Equity
$5.44M
$5.43M
$5.0K
WorkGenius, LLC, Class A-1 Units
Services: Business
Equity
$5.30M
$8.54M
-$3.25M
First American Treasury Obligations Fund
Class Z Shares
$5.28M
$5.28M
$0.00
LAV Gear Holdings, Inc.
7/31/2029 Maturity
Senior Secured First Lien Debt #2
$5.12M
$5.02M
$93.0K
+5.94%
2029-07-31
Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan.
4/28/2039 Maturity
Collateralized Securities and Structured Products - Equity
$5.03M
$4.97M
$64.0K
2039-04-28
Isagenix International, LLC
4/14/2028 Maturity
Senior Secured First Lien Debt
$4.98M
$10.52M
-$5.53M
+7.50%
2028-04-14
Lucky Bucks Holdings LLC
05/26/2028 Maturity
Unsecured Debt
$4.84M
$22.86M
-$18.02M
12.50%
2028-05-29
Snap Fitness Holdings, Inc.
Class A Stock
$4.40M
Snap Fitness Holdings, Inc., Class A Common Stock
Services: Consumer
Equity
$4.40M
$3.08M
$1.32M
Berlitz Holdings, Inc.
7/31/2026 Maturity
Senior Secured First Lien Debt #2
$4.33M
$4.53M
-$201.0K
+9.00%
2026-07-31
K&N Parent, Inc.
2/16/2027 Maturity
Senior Secured First Lien Debt
$4.21M
$4.08M
$129.0K
+8.00%
2027-02-16
Dermcare Management, LLC
4/22/2028 Maturity
Senior Secured First Lien Debt #2
$4.12M
$4.09M
$36.0K
+6.00%
2028-04-22
Avison Young (Canada) Inc./Avison Young (USA) Inc.
12/12/2027 Maturity
Senior Secured First Lien Debt #1
$4.02M
$3.91M
$109.0K
+8.50%
2027-12-12
Xenon Arc, Inc.
12/20/2028 Maturity
Senior Secured First Lien Debt
$3.79M
$3.76M
$34.0K
+5.75%
2028-12-20
Atlas Supply LLC
4/29/2025 Maturity
Senior Secured First Lien Debt
$3.73M
$5.00M
-$1.27M
13.00%
2025-04-29
Lux Credit Consultants LLC
4/29/2028 Maturity
Senior Secured First Lien Debt #1
$3.45M
$18.51M
-$15.06M
+7.25%
2028-04-29
David's Bridal, Inc.
12/21/2027 Maturity
Senior Secured First Lien Debt #5
$3.38M
$3.77M
-$395.0K
0.00%
2027-12-21
PLBY Group, Inc., Common Stock
Consumer Goods: Non-Durable
Equity
$3.37M
$5.51M
-$2.14M
Stengel Hill Architecture, LLC
8/16/2028 Maturity
Senior Secured First Lien Debt #2
$3.00M
$3.00M
$0.00
+6.75%
2028-08-16
David's Bridal Holdings, LLC
Class B Common Units
$2.98M
David's Bridal Holdings, LLC, Class B Common Units
Retail
Equity
$2.98M
$6.98M
-$4.00M
APS Acquisition Holdings, LLC
7/11/2029 Maturity
Senior Secured First Lien Debt #2
$2.98M
$2.96M
$17.0K
+5.50%
2029-07-11
Avison Young (Canada) Inc./Avison Young (USA) Inc.
12/12/2027 Maturity
Senior Secured First Lien Debt #3
$2.94M
$3.04M
-$99.0K
+7.35%
2027-12-12
Cennox, Inc.
5/4/2029 Maturity
Senior Secured First Lien Debt #3
$2.88M
$2.99M
-$109.0K
+6.75%
2029-05-04
Service Compression Holdings, LLC, Warrants
Energy: Oil & Gas
Equity
$2.73M
$1.43M
$1.30M
Instant Web, LLC
2/23/2029 Maturity
Senior Secured First Lien Debt #2
$2.63M
$2.74M
-$103.0K
+6.50%
2029-02-23
Robert C. Hilliard, L.L.P.
4/30/2025 Maturity
Senior Secured First Lien Debt
$2.61M
$2.66M
-$46.0K
+12.00%
2025-04-30
Instant Web, LLC
2/23/2029 Maturity
Revolving Loan
$2.60M
EBSC Holdings LLC, Preferred Units
Consumer Goods: Durable
Equity
$2.49M
$2.41M
$81.0K
CTS Ultimate Holdings LLC
Construction & Building
Class A Preferred Units, Construction & Building
$2.45M
$1.00M
$1.45M
RumbleOn, Inc.
9/30/2027 Maturity
Senior Secured First Lien Debt #1
$2.40M
$2.40M
$5.0K
+7.75%
2027-09-30
BDS Solutions Intermediateco, LLC
2/7/2027 Maturity
Senior Secured First Lien Debt #2
$2.19M
$2.10M
$86.0K
+6.75%
2027-02-07
JP Intermediate B, LLC
3/31/2031 Maturity
Senior Secured First Lien Debt #2
$2.17M
$175.0K
$1.99M
+5.50%
2031-03-31
New Giving Acquisition, Inc., Common Stock
Healthcare & Pharmaceuticals
Equity
$2.15M
$633.0K
$1.52M
Adapt Laser Acquisition, Inc.
12/31/2029 Maturity
Senior Secured First Lien Debt #2
$2.00M
$2.00M
$0.00
+7.25%
2029-12-31
NSG Co-Invest (Bermuda) LP, Partnership Interests
Consumer Goods: Durable
Equity
$1.97M
$1.00M
$974.0K
Service Compression Holdings, LLC, Junior Preferred Units
Energy: Oil & Gas
Equity
$1.93M
$1.33M
$607.0K
Tactical Air Support, Inc.
12/22/2028 Maturity
Senior Secured First Lien Debt #2
$1.93M
$1.93M
$0.00
+7.50%
2028-12-22
Emerald Technologies (U.S.) Acquisitionco, Inc.
12/29/2027 Maturity
Senior Secured First Lien Debt
$1.90M
$2.70M
-$797.0K
+6.25%
2027-12-29
Cennox, Inc.
5/4/2029 Maturity
Senior Secured First Lien Debt #4
$1.90M
$1.97M
-$71.0K
+6.75%
2029-05-04
CSC ServiceWorks East, LLC
9/4/2030 Maturity
Senior Secured First Lien Debt #1
$1.87M
$1.87M
$0.00
+5.43%
2030-09-04
Tactical Air Support, Inc.
12/22/2028 Maturity
Senior Secured First Lien Debt #3
$1.85M
$1.82M
$32.0K
+7.50%
2028-12-22
STATinMED, LLC
7/1/2027 Maturity
Senior Secured First Lien Debt #3
$1.81M
$498.0K
$1.31M
0.00%
2027-07-01
Snap Fitness Holdings, Inc.
Warrants
$1.78M
Snap Fitness Holdings, Inc., Warrants
Services: Consumer
Equity
$1.78M
$1.25M
$536.0K
Ironhorse Purchaser, LLC
9/30/2027 Maturity
Senior Secured First Lien Debt #2
$1.77M
$1.77M
$6.0K
+5.25%
2027-09-30
Online Pharmacy Holdings, LLC
Series A Preferred Equity
$1.73M
Online Pharmacy Holdings, LLC, Series A Preferred Equity
Healthcare & Pharmaceuticals
Equity
$1.73M
$3.28M
-$1.55M
TMK Hawk Parent, Corp.
12/15/2031 Maturity
Unsecured Debt
$1.70M
$1.76M
-$68.0K
11.00%
2031-12-15
Instant Web, LLC
2/23/2029 Maturity
Senior Secured First Lien Debt #4
$1.68M
$1.75M
-$66.0K
+6.50%
2029-02-23
White Tiger NewCo, LLC
Common Equity
$1.66M
White Tiger NewCo, LLC, Class A Units
Services: Business
Equity
$1.66M
$12.66M
-$11.01M
Instant Web, LLC
2/23/2029 Maturity
First Lien Delayed Draw Term Loan
$1.61M
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Class A Membership Interests, Healthcare & Pharmaceuticals
$1.57M
$5.20M
-$3.63M
Stengel Hill Architecture, LLC
8/16/2028 Maturity
Senior Secured First Lien Debt #3
$1.51M
$1.51M
$0.00
+6.75%
2028-08-16
K&N Holdco, LLC, Membership Units
Consumer Goods: Durable
Equity
$1.49M
$8.93M
-$7.44M
Dermcare Management, LLC
4/22/2028 Maturity
Senior Secured First Lien Debt #3
$1.34M
$1.34M
$0.00
+6.00%
2028-04-22
Heritage Power, LLC
7/20/2028 Maturity
Senior Secured First Lien Debt
$1.20M
$1.21M
-$12.0K
+5.50%
2028-07-20
STATinMED, LLC
7/1/2027 Maturity
Senior Secured First Lien Debt #5
$1.10M
$218.0K
$884.0K
0.00%
2027-07-01
Avison Young (Canada) Inc./Avison Young (USA) Inc.
12/12/2027 Maturity
Senior Secured First Lien Debt #2
$1.08M
$1.09M
-$15.0K
+8.50%
2027-12-12
Anchor QEA, Inc.
3/25/2032 Maturity
Senior Secured First Lien Debt #2
$1.02M
$1.01M
$8.0K
+5.25%
2032-03-25
Invincible Boat Company LLC
3/31/2028 Maturity
Senior Secured First Lien Debt #2
$977.0K
$1.20M
-$220.0K
+7.50%
2028-03-31
RA Outdoors, LLC
6/30/2027 Maturity
Senior Secured First Lien Debt #2
$936.0K
$1.14M
-$207.0K
+6.75%
2027-06-30
Mount Logan Capital Inc., Common Stock
Banking, Finance, Insurance & Real Estate
Equity
$912.0K
$3.53M
-$2.62M
Newbury Franklin Industrials LLC
12/11/2029 Maturity
Senior Secured First Lien Debt #2
$894.0K
$893.0K
$1.0K
+7.00%
2029-12-11
CHC Medical Partners, Inc.
Healthcare & Pharmaceuticals
Additional Series C Preferred Stock, Healthcare & Pharmaceuticals
$861.0K
$344.0K
$517.0K
Gold Medal Holdings, Inc.
3/17/2027 Maturity
Senior Secured First Lien Debt #2
$859.0K
$852.0K
$7.0K
+5.75%
2027-03-17
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #5
$827.0K
$825.0K
$2.0K
0.00%
2026-05-29
Stengel Hill Architecture, LLC
8/16/2028 Maturity
Senior Secured First Lien Debt #4
$825.0K
$825.0K
$0.00
+6.75%
2028-08-16
WorkGenius, Inc.
6/7/2027 Maturity
Senior Secured First Lien Debt #2
$750.0K
$746.0K
$4.0K
+7.00%
2027-06-07
Optio Rx, LLC
3/21/2030 Maturity
Senior Secured First Lien Debt #1
$724.0K
$735.0K
-$11.0K
+10.00%
2030-03-21
Optio Rx, LLC
3/21/2030 Maturity
Revolving Loan
$714.0K
CF Arch Holdings LLC, Class A Units
Services: Business
Equity
$705.0K
$381.0K
$324.0K
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #2
$659.0K
$1.77M
-$1.11M
0.00%
2026-05-29
FWS Parent Holdings, LLC, Class A Membership Interests
Services: Business
Equity
$627.0K
$800.0K
-$173.0K
Instant Web, LLC
2/23/2029 Maturity
Senior Secured First Lien Debt #3
$620.0K
$611.0K
$9.0K
+3.75%
2029-02-23
RA Outdoors, LLC
6/30/2027 Maturity
Senior Secured First Lien Debt #3
$599.0K
$753.0K
-$154.0K
+6.75%
2027-06-30
Avison Young (Canada) Inc./Avison Young (USA) Inc.
3/12/2029 Maturity
Senior Secured First Lien Debt #2
$597.0K
$587.0K
$10.0K
+8.00%
2029-03-12
CTS Ultimate Holdings, LLC, Class A Preferred Units
Construction & Building
Equity
$582.0K
$237.0K
$345.0K
Williams Industrial Services Group, Inc.
12/16/2025 Maturity
Senior Secured First Lien Debt #1
$542.0K
$1.43M
-$884.0K
+11.00%
2025-12-16
RA Outdoors, LLC
6/30/2027 Maturity
Delayed Draw Term Loan
$531.0K
NS NWN Acquisition, LLC, Class A Preferred Units
High Tech Industries
Equity
$528.0K
STATinMED, LLC
7/1/2027 Maturity
Senior Secured First Lien Debt #2
$507.0K
$1.00M
-$497.0K
0.00%
2027-07-01
Avison Young (Canada) Inc./Avison Young (USA) Inc.
12/12/2027 Maturity
Senior Secured First Lien Debt #4
$443.0K
$449.0K
-$6.0K
+8.50%
2027-12-12
Berlitz Holdings, Inc.
7/31/2026 Maturity
Senior Secured First Lien Debt #3
$443.0K
$478.0K
-$35.0K
+9.00%
2026-07-31
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #3
$423.0K
$1.06M
-$641.0K
0.00%
2026-05-29
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #4
$402.0K
$1.08M
-$681.0K
0.00%
2026-05-29
Lux Credit Consultants LLC
4/29/2028 Maturity
Senior Secured First Lien Debt #2
$371.0K
$1.99M
-$1.62M
+7.25%
2028-04-29
WorkGenius, LLC, Class A Units
Services: Business
Equity
$350.0K
$500.0K
-$150.0K
Ascent Resources - Marcellus, LLC, Membership Units
Energy: Oil & Gas
Equity
$339.0K
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #6
$335.0K
$837.0K
-$502.0K
0.00%
2026-05-29
LB NewHoldco LLC, Voting Units
Hotel, Gaming & Leisure
Equity
$332.0K
$4.20M
-$3.87M
RumbleOn, Inc., Warrants
08/14/2028 Maturity
Equity
$292.0K
$502.0K
-$210.0K
2028-08-14
Entertainment Studios P&A LLC
5/18/2037 Maturity
Senior Secured First Lien Debt
$252.0K
5.00%
2037-05-18
Klein Hersh, LLC
04/27/2032 Maturity
Unsecured Debt
$251.0K
$988.0K
-$737.0K
0.00%
2032-04-27
ESP Associates, Inc.
7/24/2028 Maturity
Senior Secured First Lien Debt #2
$197.0K
$171.0K
$26.0K
+6.50%
2028-07-24
STATinMED, LLC
7/1/2027 Maturity
Senior Secured First Lien Debt #4
$188.0K
$224.0K
-$36.0K
0.00%
2027-07-01
Lux Credit Consultants LLC
4/29/2028 Maturity
Senior Secured First Lien Debt #3
$167.0K
$895.0K
-$728.0K
+7.25%
2028-04-29
NS NWN Holdco LLC, Non-Voting Units
High Tech Industries
Equity
$160.0K
LAV Gear Holdings, Inc.
7/31/2029 Maturity
Senior Secured First Lien Debt #3
$143.0K
$73.0K
$70.0K
+5.94%
2029-07-31
Heritage Litigation Trust, Restricted Stock
Energy: Electricity
Equity
$139.0K
$100.0K
$39.0K
HW Acquisition, LLC
9/28/2026 Maturity
Senior Secured First Lien Debt #3
$136.0K
2026-09-28
LAV Gear Holdings, Inc.
7/31/2029 Maturity
Revolving Loan
$131.0K
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #7
$126.0K
$125.0K
$1.0K
0.00%
2026-05-29
Straine Dental Management, LLC
11/25/2030 Maturity
Senior Secured First Lien Debt #2
$122.0K
$105.0K
$17.0K
+7.24%
2030-11-25
Williams Industrial Services Group, Inc.
12/16/2025 Maturity
Senior Secured First Lien Debt #2
$115.0K
$304.0K
-$189.0K
+11.00%
2025-12-16
TMK Hawk Parent, Corp., Warrants
Services: Business
Equity
$96.0K
Skillsoft Corp.
High Tech Industries
Class A Common Stock, High Tech Industries
$52.0K
$2.00M
-$1.95M
Yak Holding II, LLC, Series A Common Units
Construction & Building
Equity
$7.0K
Anthem Sports & Entertainment Inc.
11/15/2027 Maturity
Senior Secured First Lien Debt #3
$0.00
$3.66M
-$3.66M
1.00%
2027-11-15
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Class A Preferred Stock Warrants, Media: Diversified & Production
$0.00
$486.0K
-$486.0K
Avison Young (Canada) Inc., Class F Common Shares
Banking, Finance, Insurance & Real Estate
Equity
$0.00
$3.18M
-$3.18M
HW Acquisition, LLC
9/28/2026 Maturity
Senior Secured First Lien Debt #1
$0.00
$5.68M
-$5.68M
+6.00%
2026-09-28
Isagenix Worldwide, Inc., Common Shares
Beverage, Food & Tobacco
Equity
$0.00
$8.99M
-$8.99M
Language Education Holdings LP
Services: Business
Ordinary Common Units, Services: Business
$0.00
$300.0K
-$300.0K
Language Education Holdings LP, Ordinary Common Units
Services: Business
Equity
$0.00
$825.0K
-$825.0K
New HW Holdings Corp., Preferred Stock
Capital Equipment
Equity
$0.00
$9.90M
-$9.90M
RA Outdoors, LLC
12/31/2027 Maturity
Senior Secured Second Lien Debt
$0.00
$2.22M
-$2.22M
+9.00%
2027-12-31
STATinMED, LLC
7/1/2027 Maturity
Senior Secured First Lien Debt #1
$0.00
$11.71M
-$11.71M
+9.50%
2027-07-01
STATinMed Parent, LLC, Class A Preferred Units
Healthcare & Pharmaceuticals
Equity
$0.00
$6.18M
-$6.18M
STATinMed Parent, LLC, Class B Preferred Units
Healthcare & Pharmaceuticals
Equity
$0.00
$3.19M
-$3.19M
Cennox, Inc.
5/4/2029 Maturity
Senior Secured First Lien Debt #2
-$1.0K
2029-05-04
BDS Solutions Intermediateco, LLC
2/7/2027 Maturity
Senior Secured First Lien Debt #3
-$2.0K
2027-02-07
Gold Medal Holdings, Inc.
3/17/2027 Maturity
Senior Secured First Lien Debt #3
-$3.0K
2027-03-17
Anchor QEA, Inc.
3/25/2032 Maturity
Senior Secured First Lien Debt #3
-$8.0K
2032-03-25
Optio Rx, LLC
3/21/2030 Maturity
Senior Secured First Lien Debt #2
-$10.0K
2030-03-21
Newbury Franklin Industrials LLC
12/11/2029 Maturity
Senior Secured First Lien Debt #3
-$11.0K
2029-12-11
Bradshaw International Parent Corp.
10/21/2026 Maturity
Senior Secured First Lien Debt
-$12.0K
-$5.0K
-$7.0K
2026-10-21
LAV Gear Holdings, Inc.
7/31/2029 Maturity
Senior Secured First Lien Debt #4
-$12.0K
2029-07-31
Instant Web, LLC
2/23/2029 Maturity
Senior Secured First Lien Debt #6
-$32.0K
2029-02-23
Straine Dental Management, LLC
5/25/2027 Maturity
Senior Secured First Lien Debt
-$36.0K
2027-05-25
Anchor QEA, Inc.
3/25/2028 Maturity
Senior Secured First Lien Debt
-$55.0K
-$27.0K
-$28.0K
2028-03-25
Instant Web, LLC
2/23/2029 Maturity
Senior Secured First Lien Debt #5
-$65.0K
2029-02-23
RA Outdoors, LLC
6/30/2027 Maturity
Senior Secured First Lien Debt #4
-$68.0K
2027-06-30
David's Bridal, Inc.
12/31/2026 Maturity
Senior Secured First Lien Debt
-$368.0K
0.00%
2026-12-31
Thrill Holdings LLC
5/27/2027 Maturity
Senior Secured First Lien Debt #2
-$404.0K
2027-05-27
American Clinical Solutions LLC
6/30/2026 Maturity
Senior Secured First Lien Debt #2
-$600.0K
2026-06-30
ACS Holdings LLC, Class A-1 Membership Units
Healthcare & Pharmaceuticals
Equity
APS Acquisition Holdings, LLC
7/11/2026 Maturity
Senior Secured First Lien Debt
2026-07-11
APS Acquisition Holdings, LLC
7/11/2029 Maturity
Senior Secured First Lien Debt #3
2029-07-11
American Health Staffing Group, Inc.
11/19/2028 Maturity
Senior Secured First Lien Debt #2
-$3.0K
2028-11-19
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Class B Preferred Stock Warrants, Media: Diversified & Production
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Common Stock Warrants, Media: Diversified & Production
Avison Young (Canada) Inc./Avison Young (USA) Inc.
12/12/2027 Maturity
Senior Secured First Lien Debt #1
11.14%
Avison Young (Canada) Inc./Avison Young (USA) Inc.
12/12/2027 Maturity
Senior Secured First Lien Debt #2
12.17%
CION/EagleTree Partners, LLC
12/21/2027 Maturity
Senior Secured Note
14.00%
CrossLink Professional Tax Solutions, LLC
6/30/2028 Maturity
Senior Secured First Lien Debt #2
-$17.0K
2028-06-30
Dependable Acquisition Inc.
9/9/2028 Maturity
Senior Secured First Lien Debt
2028-09-09
ESP Associates, Inc.
7/24/2028 Maturity
Senior Secured First Lien Debt #3
2028-07-24
HDNet Holdco LLC
Media: Diversified & Production
Preferred Unit Call Option, Media: Diversified & Production
Instant Web Holdings, LLC, Class A Common Units
Media: Advertising, Printing & Publishing
Equity
Ironhorse Purchaser, LLC
9/30/2027 Maturity
Senior Secured First Lien Debt #3
-$2.0K
2027-09-30
Language Education Holdings GP LLC
Services: Business
Common Units, Services: Business
Language Education Holdings GP LLC, Common Units
Services: Business
Equity
Metrc Inc.
9/30/2031 Maturity
Senior Secured First Lien Debt #2
-$41.0K
2031-09-30
Metrc Inc.
9/30/2027 Maturity
Senior Secured First Lien Debt
-$45.0K
2027-09-30
New HW Holdings Corp., Common Stock
Capital Equipment
Equity
Online Pharmacy Holdings, LLC, Series D-1 Common Equity
Healthcare & Pharmaceuticals
Equity
SHF Holdings, Inc.
1/22/2030 Maturity
Senior Secured First Lien Debt #2
2030-01-22
Sleep Opco, LLC
11/7/2030 Maturity
Senior Secured First Lien Debt #2
2030-11-07
Sopris Topco, LLC, Common Units
Media: Diversified & Production
Equity
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Warrants, Healthcare & Pharmaceuticals
Spinal USA, Inc. / Precision Medical Inc.
5/29/2026 Maturity
Senior Secured First Lien Debt #8
2026-05-29
Stengel Hill Architecture, LLC
8/16/2028 Maturity
Senior Secured First Lien Debt #5
2028-08-16
TG Parent NewCo LLC, Common Units
Consumer Goods: Non-Durable
Equity
TMK Hawk Parent, Corp.
10/28/2026 Maturity
Senior Secured First Lien Debt
2026-10-28
Tactical Air Support, Inc.
12/22/2028 Maturity
Senior Secured First Lien Debt #4
2028-12-22
Disclosed holdings FV
$1.80B
Parsed holdings FV
$2.13B
Residual gap
-$334.69M
Balance-sheet cash
$9.25M
CIK
0001534254
Accession
0001534254-26-000006
Form type
10-Q
Period
2026-03-31