CION
CION Investment
Portfolio Fair Value
$2.53B
326 holdings
Avg Spread
+6.95%
FV-weighted, debt
Avg Coupon
11.04%
FV-weighted
% First Lien
63.2%
of debt FV
Unrealized P/L
+$544.58M
+27.43% of cost
Non-Accrual
9
text-detected
Balance sheet
Assets$1.85B
Liabilities + Equity$1.85B
First Lien
$1.14B · 61.6%
First Lien
$1.14B · 61.6%
Second Lien
$5.24M · 0.3%
Other Debt
$74.49M · 4.0%
Equity
$299.62M · 16.2%
Equity
$299.62M · 16.2%
Other
$282.27M · 15.3%
Other
$282.27M · 15.3%
Cash & Equivalents
$7.66M · 0.4%
Other Assets
$38.93M · 2.1%
Debt (Borrowings)
$1.16B · 62.8%
Debt (Borrowings)
$1.16B · 62.8%
Other Liabilities
$18.97M · 1.0%
Net Assets (Equity)
$667.78M · 36.2%
Net Assets (Equity)
$667.78M · 36.2%
Industry Composition
Unclassified
30.6%
Healthcare & Pharmaceuticals
5.7%
David's Bridal, Inc.
5.4%
Energy: Electricity
4.3%
Instant Web, LLC
1.6%
Retail
1.6%
Cennox, Inc.
1.6%
Banking, Finance, Insurance & Real Estate
1.5%
WorkGenius, Inc.
1.5%
Lift Brands, Inc.
1.5%
CION/EagleTree Partners, LLC
1.4%
Homer City Generation, L.P.
1.4%
Other industries
41.8%
Spread Distribution
0.0%
3.5%
4.5%
5.5%
6.5%
7.5%
8.5%
9.5%
11.0%
12.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
326 of 328
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Short-Term Investments | — | First American Treasury Obligations Fund, Class Z Shares | $154.93M | $154.93M | $0.00 | 3.53% | — | — |
Equity | Energy: Electricity | Longview Intermediate Holdings C, LLC, Membership Units | $108.80M | $12.92M | $95.88M | — | — | — |
Longview Intermediate Holdings C, LLC | — | Membership Units | $108.80M | — | — | — | — | — |
David's Bridal, Inc. | — | Exit First Lien Term Loan | $84.52M | — | — | — | — | — |
Senior Secured First Lien Debt | David's Bridal, Inc. | Senior Secured First Lien Debt #2 | $84.52M | $92.88M | -$8.36M | — | +6.50% | 2027-12-21 |
Carestream Health Holdings Inc. | Healthcare & Pharmaceuticals | Common Shares | $40.87M | — | — | — | — | — |
Equity | Healthcare & Pharmaceuticals | Carestream Health Holdings, Inc., Common Stock | $40.87M | $24.84M | $16.03M | — | — | — |
Senior Secured First Lien Debt | Instant Web, LLC | Senior Secured First Lien Debt #1 | $36.19M | $60.31M | -$24.12M | — | +7.00% | 2029-02-23 |
CION/EagleTree Partners, LLC | — | Senior Secured Note | $36.04M | — | — | — | — | — |
Senior Secured First Lien Debt | CION/EagleTree Partners, LLC | Senior Secured First Lien Debt | $36.04M | $36.04M | $0.00 | 14.00% | — | 2027-12-21 |
Senior Secured First Lien Debt | Cennox, Inc. | Senior Secured First Lien Debt #1 | $35.82M | $38.16M | -$2.34M | — | +6.75% | 2029-05-04 |
Senior Secured First Lien Debt | Entertainment Studios P&A LLC | Senior Secured First Lien Debt #1 | $33.26M | $33.26M | $0.00 | — | +9.00% | 2030-09-30 |
Senior Secured First Lien Debt | Hilliard, Martinez & Gonzales, LLP | Senior Secured First Lien Debt | $28.98M | $29.40M | -$412.0K | — | +12.00% | 2025-04-30 |
Senior Secured First Lien Debt | Inotiv, Inc. | Senior Secured First Lien Debt #1 | $27.57M | $24.69M | $2.88M | — | +7.50% | 2026-11-05 |
Senior Secured First Lien Debt | Gold Medal Holdings, Inc. | Senior Secured First Lien Debt #1 | $26.90M | $26.87M | $30.0K | — | +5.75% | 2027-03-17 |
Senior Secured Second Lien Debt | WorkGenius, Inc. | Senior Secured First Lien Debt #1 | $26.15M | $26.15M | $0.00 | — | +7.00% | 2027-06-07 |
Senior Secured First Lien Debt | Community Tree Service, LLC | Senior Secured First Lien Debt | $24.71M | $24.71M | -$6.0K | — | +8.00% | 2027-06-17 |
American Clinical Solutions LLC | Healthcare & Pharmaceuticals | First Lien Term Loan | $24.46M | — | — | — | — | — |
Senior Secured First Lien Debt | American Clinical Solutions LLC | Senior Secured First Lien Debt #1 | $24.46M | $32.44M | -$7.98M | — | +0.00% | 2027-06-30 |
JP Intermediate B, LLC | — | Second Out Term Loan | $23.66M | — | — | — | — | — |
Senior Secured First Lien Debt | JP Intermediate B, LLC | Senior Secured First Lien Debt #1 | $23.66M | $27.16M | -$3.50M | — | +5.50% | 2031-03-31 |
Senior Secured Second Lien Debt | Wok Holdings Inc. | Senior Secured First Lien Debt | $23.19M | $23.70M | -$504.0K | — | +6.25% | 2029-09-03 |
Senior Secured First Lien Debt | Klein Hersh, LLC | Senior Secured First Lien Debt | $21.67M | $21.39M | $275.0K | — | +8.00% | 2028-04-27 |
Senior Secured First Lien Debt | Riddell, Inc. / All American Sports Corp. | Senior Secured First Lien Debt | $21.55M | $21.31M | $232.0K | — | +6.00% | 2029-03-29 |
Senior Secured First Lien Debt | Core Health & Fitness, LLC | Senior Secured First Lien Debt | $21.09M | $19.41M | $1.69M | — | +8.00% | 2029-06-17 |
Lift Brands, Inc. | — | Term Loan A | $21.08M | — | — | — | — | — |
Senior Secured First Lien Debt | Lift Brands, Inc. | Senior Secured First Lien Debt #1 | $21.08M | $20.89M | $183.0K | — | +7.50% | 2026-09-30 |
Senior Secured First Lien Debt | Anthem Sports & Entertainment Inc. | Senior Secured First Lien Debt #2 | $20.64M | $27.26M | -$6.62M | 10.00% | — | 2027-11-15 |
Equity | Banking, Finance, Insurance & Real Estate | SRA Parent, LLC, Common Units | $19.59M | $19.98M | -$398.0K | — | — | — |
SRA Parent, LLC | — | Common Equity | $19.59M | — | — | — | — | — |
Senior Secured First Lien Debt | BDS Solutions Intermediateco, LLC | Senior Secured First Lien Debt #1 | $19.38M | $19.34M | $41.0K | — | +6.75% | 2027-02-07 |
Equity | Beverage, Food & Tobacco | JuicePlus Topco, LLC, Membership Units | $18.97M | $31.24M | -$12.27M | — | — | — |
JP Intermediate B, LLC | — | Common Shares | $18.97M | — | — | — | — | — |
Senior Secured First Lien Debt | Homer City Generation, L.P. | Senior Secured First Lien Debt #1 | $18.88M | $19.80M | -$914.0K | 15.00% | — | 2028-04-16 |
Senior Secured First Lien Debt | Live Comfortably Borrower LLC | Senior Secured First Lien Debt | $18.82M | $21.56M | -$2.74M | — | +10.00% | 2027-09-19 |
Senior Secured Second Lien Debt | Trammell, P.C. | Senior Secured First Lien Debt | $18.56M | $18.56M | $0.00 | — | +15.50% | 2028-05-29 |
Senior Secured First Lien Debt | ICA Foam Holdings, LLC | Senior Secured First Lien Debt | $18.53M | $18.58M | -$47.0K | — | +6.00% | 2026-12-05 |
Senior Secured First Lien Debt | Dependable Acquisition Inc. | Senior Secured First Lien Debt #1 | $18.25M | $18.25M | $0.00 | — | +6.50% | 2032-03-09 |
Senior Secured First Lien Debt | SHF Holdings, Inc. | Senior Secured First Lien Debt #1 | $17.99M | $17.99M | $0.00 | — | +5.50% | 2030-01-22 |
Senior Secured First Lien Debt | David's Bridal, Inc. | Senior Secured First Lien Debt #1 | $17.20M | $19.00M | -$1.80M | — | +6.00% | 2027-12-21 |
Senior Secured First Lien Debt | Homer City Generation, L.P. | Senior Secured First Lien Debt #2 | $17.13M | $16.87M | $254.0K | 17.00% | — | 2028-04-16 |
CHC Medical Partners, Inc. | Healthcare & Pharmaceuticals | Series C Preferred Stock, Healthcare & Pharmaceuticals | $17.10M | $9.99M | $7.11M | — | — | — |
David's Bridal, Inc. | — | Incremental First Lien Term Loan | $17.10M | — | — | — | — | — |
Carestream Health Holdings, Inc. | Healthcare & Pharmaceuticals | Common Stock, Healthcare & Pharmaceuticals | $16.77M | $21.76M | -$4.98M | — | — | — |
David's Bridal, Inc. | — | Incremental First Lien Term Loan | $16.70M | — | — | — | — | — |
Senior Secured First Lien Debt | David's Bridal, Inc. | Senior Secured First Lien Debt #3 | $16.70M | $16.75M | -$42.0K | — | +6.00% | 2027-12-21 |
Senior Secured First Lien Debt | CSC ServiceWorks East, LLC | Senior Secured First Lien Debt #2 | $16.55M | $17.07M | -$525.0K | — | +4.00% | 2030-09-04 |
Senior Secured First Lien Debt | Celerity Acquisition Holdings, LLC | Senior Secured First Lien Debt | $16.18M | $16.37M | -$194.0K | — | +8.50% | 2027-04-30 |
Appalachian Resource Company, LLC | — | First Lien Term Loan | $15.73M | — | — | — | — | — |
Senior Secured First Lien Debt | Appalachian Resource Company, LLC | Senior Secured First Lien Debt #1 | $15.73M | $15.71M | $16.0K |