BDC·info
CION

CION Investment

Period
SEC EDGAR ↗
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%
Equity
$299.62M · 16.2%
Other
$282.27M · 15.3%
Debt (Borrowings)
$1.16B · 62.8%
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%

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
Q2 '26

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
IssuerIndustryType
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
+5.00%
2025-12-31
Optio Rx, LLC
First Lien Term Loan
$15.43M
Senior Secured First Lien Debt
Optio Rx, LLC
Senior Secured First Lien Debt #3
$15.43M
$15.69M
-$255.0K
+10.00%
2030-03-21
Senior Secured First Lien Debt
Berlitz Holdings, Inc.
Senior Secured First Lien Debt #1
$15.26M
$18.42M
-$3.15M
+9.00%
2026-07-31
Senior Secured First Lien Debt
APS Acquisition Holdings, LLC
Senior Secured First Lien Debt #1
$14.35M
$14.44M
-$91.0K
+5.50%
2029-07-11
LAV Gear Holdings, Inc.
First Lien Term Loan #1
$13.59M
Senior Secured First Lien Debt
LAV Gear Holdings, Inc.
Senior Secured First Lien Debt #1
$13.59M
$16.48M
-$2.88M
+5.94%
2029-07-31
Senior Secured First Lien Debt
CrossLink Professional Tax Solutions, LLC
Senior Secured First Lien Debt #1
$13.51M
$13.45M
$63.0K
+5.25%
2028-06-30
Senior Secured First Lien Debt
Playboy Enterprises, Inc.
Senior Secured First Lien Debt
$13.47M
$13.43M
$43.0K
+6.25%
2028-05-25
Senior Secured First Lien Debt
American Health Staffing Group, Inc.
Senior Secured First Lien Debt #1
$13.44M
$13.40M
$42.0K
+5.00%
2028-11-19
Senior Secured First Lien Debt
FuseFX, LLC
Senior Secured First Lien Debt #1
$13.41M
$21.95M
-$8.54M
+6.00%
2027-09-30
Revolt Media and TV, LLC
First Lien Term Loan
$12.92M
Senior Secured First Lien Debt
Revolt Media and TV, LLC
Senior Secured First Lien Debt
$12.92M
$12.89M
$26.0K
2029-07-31
David's Bridal Holdings, LLC
Preferred Units
$12.88M
Equity
Retail
David's Bridal Holdings, LLC, Preferred Units
$12.88M
$10.82M
$2.06M
Senior Secured First Lien Debt
Anthem Sports & Entertainment Inc.
Senior Secured First Lien Debt #1
$12.82M
$13.33M
-$510.0K
+5.50%
2027-11-15
Equity
Banking, Finance, Insurance & Real Estate
SRA Parent, LLC, Preferred Units (12% Return)
$12.60M
$12.60M
$5.0K
SRA Parent, LLC
Preferred Equity
$12.60M
Senior Secured First Lien Debt
Bradshaw International Parent Corp.
Senior Secured First Lien Debt #1
$12.53M
$12.48M
$55.0K
+5.75%
2027-10-21
Senior Secured Second Lien Debt
Stengel Hill Architecture, LLC
Senior Secured First Lien Debt #1
$12.45M
$12.45M
$0.00
+6.75%
2028-08-16
Equity
Transportation: Cargo
URS Topco, LLC, Common Equity
$11.98M
$9.67M
$2.31M
Senior Secured First Lien Debt
Ancile Solutions, Inc.
Senior Secured First Lien Debt
$11.95M
$10.06M
$1.89M
+10.00%
2026-06-11
Senior Secured Second Lien Debt
Trademark Global, LLC
Senior Secured First Lien Debt #1
$11.90M
$19.29M
-$7.39M
+8.50%
2027-06-30
Trademark Global, LLC
First Lien Term Loan
$11.90M
Senior Secured First Lien Debt
Cabi, LLC
Senior Secured First Lien Debt
$11.78M
$11.84M
-$66.0K
+6.00%
2028-07-31
Senior Secured Second Lien Debt
Straine Dental Management, LLC
Senior Secured First Lien Debt #1
$11.63M
$11.63M
$0.00
+7.42%
2030-11-25
David's Bridal Holdings, LLC
Class A Common Units
$11.40M
Equity
Retail
David's Bridal Holdings, LLC, Class A Common Units
$11.40M
$23.13M
-$11.73M
Senior Secured First Lien Debt
Invincible Boat Company LLC
Senior Secured First Lien Debt #1
$11.37M
$13.94M
-$2.57M
+7.50%
2028-03-31
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #1
$11.13M
$11.04M
$91.0K
+7.50%
2029-03-12
Senior Secured Second Lien Debt
Tactical Air Support, Inc.
Senior Secured First Lien Debt #1
$10.95M
$10.95M
$0.00
+8.50%
2028-12-22
Equity
Retail
IPP Buyer Holdings, LLC, Class A Units
$10.93M
$10.74M
$193.0K
IPP Buyer Holdings, LLC
Class A Units
$10.93M
Senior Secured Second Lien Debt
Thrill Holdings LLC
Senior Secured First Lien Debt #1
$10.44M
$18.22M
-$7.78M
+6.00%
2027-05-27
RA Outdoors, LLC
First Lien Term Loan
$10.06M
Senior Secured First Lien Debt
RA Outdoors, LLC
Senior Secured First Lien Debt #1
$10.06M
$12.64M
-$2.58M
+6.75%
2027-06-30
Equity
High Tech Industries
Palmetto Clean Technology, Inc., Warrants
$10.03M
$472.0K
$9.56M
Senior Secured First Lien Debt
Anchor QEA, Inc.
Senior Secured First Lien Debt #1
$9.98M
$9.89M
$83.0K
+5.25%
2032-03-25
Adapt Laser Acquisition, Inc.
First Lien Term Loan
$9.96M
Senior Secured First Lien Debt
Adapt Laser Acquisition, Inc.
Senior Secured First Lien Debt #1
$9.96M
$10.12M
-$165.0K
+7.25%
2029-12-31
David's Bridal, Inc.
Fourteenth Amendment Term Loan
$9.93M
Senior Secured First Lien Debt
David's Bridal, Inc.
Senior Secured First Lien Debt #4
$9.93M
$9.69M
$236.0K
+6.50%
2027-12-21
BCP Great Lakes II - Series A Holdings LP
Diversified Financials
Partnership Interests, Diversified Financials
$9.47M
$10.57M
-$1.10M
CION/EagleTree Partners, LLC
Participating Preferred Shares
$9.08M
CION/EagleTree Partners, LLC
Participating Preferred Shares, Equity
$9.08M
Equity
Diversified Financials
CION/EagleTree Partners, LLC, Participating Preferred Shares
$9.08M
$22.07M
-$12.99M
Senior Secured First Lien Debt
Dermcare Management, LLC
Senior Secured First Lien Debt #1
$9.03M
$8.96M
$68.0K
+6.00%
2028-04-22
Carestream Health, Inc.
First Lien Term Loan #2
$8.75M
Senior Secured First Lien Debt
Carestream Health, Inc.
Senior Secured First Lien Debt
$8.75M
$8.69M
$63.0K
+4.50%
2031-03-31
Lift Brands, Inc.
Term Loan C
$8.67M
Senior Secured First Lien Debt
Lift Brands, Inc.
Senior Secured First Lien Debt #3
$8.67M
$8.63M
$46.0K
9.50%
2026-09-30
David's Bridal, Inc.
Secured Loan Receivable
$8.45M
Senior Secured First Lien Debt
David's Bridal, Inc.
Senior Secured First Lien Debt #6
$8.45M
$8.88M
-$431.0K
0.00%
2027-12-21
Senior Secured First Lien Debt
Metrc Inc.
Senior Secured First Lien Debt #1
$8.35M
$8.26M
$87.0K
+5.50%
2031-09-30
Senior Secured First Lien Debt
RumbleOn, Inc.
Senior Secured First Lien Debt #2
$7.99M
$7.83M
$158.0K
+7.75%
2027-09-30
Senior Secured Second Lien Debt
WorkGenius, Inc.
Senior Secured First Lien Debt #3
$7.63M
$7.63M
$0.00
+12.00%
2027-06-07
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #3
$7.61M
$7.87M
-$251.0K
+6.25%
2028-03-12
Senior Secured First Lien Debt
Allen Media, LLC
Senior Secured First Lien Debt
$7.59M
$8.54M
-$943.0K
+5.50%
2027-02-10
Senior Secured First Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt
$7.56M
$19.96M
-$12.40M
0.00%
2028-05-29
Lift Brands, Inc.
Term Loan B
$7.46M
Senior Secured First Lien Debt
Lift Brands, Inc.
Senior Secured First Lien Debt #2
$7.46M
$7.41M
$50.0K
9.50%
2026-09-30
Equity
Services: Business
WorkGenius, LLC, Class A-1 Units
$7.42M
$9.75M
-$2.33M
HW Acquisition, LLC
Revolving Loan
$7.36M
Senior Secured First Lien Debt
HW Acquisition, LLC
Senior Secured First Lien Debt #2
$7.32M
$6.32M
$1.00M
+5.00%
2026-09-28
Senior Secured Second Lien Debt
TMK Hawk Parent, Corp.
Senior Secured First Lien Debt #1
$7.31M
$7.47M
-$159.0K
+4.00%
2029-06-30
Appalachian Resource Company, LLC
First Lien Delayed Draw Term Loan
$7.14M
Senior Secured First Lien Debt
Appalachian Resource Company, LLC
Senior Secured First Lien Debt #2
$7.14M
$7.14M
$0.00
+10.00%
2025-12-31
JP Intermediate B, LLC
First Out New Money Term Loan
$6.87M
Senior Secured First Lien Debt
JP Intermediate B, LLC
Senior Secured First Lien Debt #2
$6.87M
$6.86M
$17.0K
+7.00%
2030-09-30
Senior Secured First Lien Debt
NewsCycle Solutions, Inc.
Senior Secured First Lien Debt
$6.39M
$11.24M
-$4.85M
+1.00%
2026-09-30
Senior Secured First Lien Debt
K&N Parent, Inc.
Senior Secured First Lien Debt #1
$6.20M
$6.21M
-$10.0K
+5.50%
2030-12-31
Equity
Banking, Finance, Insurance & Real Estate
Avison Young (Canada) Inc., Class A Preferred Shares (12.5% Return)
$5.90M
$11.72M
-$5.82M
ALA Holdco LLC
Class A Units
$5.80M
Equity
Capital Equipment
ALA Holdco LLC, Class A Units
$5.80M
$5.43M
$365.0K
David's Bridal Holdings, LLC
Class B Common Units
$5.74M
Equity
Retail
David's Bridal Holdings, LLC, Class B Common Units
$5.74M
$6.98M
-$1.24M
Equity
Services: Consumer
Snap Fitness Holdings, Inc., Class A Common Stock
$5.22M
$3.08M
$2.14M
Snap Fitness Holdings, Inc.
Class A Stock
$5.22M
Equity
Consumer Goods: Durable
K&N Holdco, LLC, Membership Units
$5.19M
$11.83M
-$6.64M
LAV Gear Holdings, Inc.
First Lien Term Loan #2
$5.15M
Senior Secured First Lien Debt
LAV Gear Holdings, Inc.
Senior Secured First Lien Debt #2
$5.15M
$5.06M
$94.0K
+5.94%
2029-07-31
Isagenix International, LLC
First Lien Term Loan
$4.89M
Senior Secured First Lien Debt
Isagenix International, LLC
Senior Secured First Lien Debt
$4.89M
$10.75M
-$5.86M
+7.50%
2028-04-14
Senior Secured First Lien Debt
Newbury Franklin Industrials LLC
Senior Secured First Lien Debt #1
$4.88M
$4.86M
$18.0K
+7.00%
2029-12-11
Senior Secured First Lien Debt
Inotiv, Inc.
Senior Secured First Lien Debt #2
$4.85M
$4.70M
$154.0K
+7.50%
2026-10-15
Unsecured Debt
Lucky Bucks Holdings LLC
Senior Secured Second Lien Debt
$4.84M
$22.86M
-$18.02M
12.50%
2028-05-29
Equity
Services: Business
TMK Hawk Parent, Corp., Common Shares
$4.40M
$8.58M
-$4.18M
Senior Secured First Lien Debt
APS Acquisition Holdings, LLC
Senior Secured First Lien Debt #3
$4.26M
$4.29M
-$31.0K
+5.50%
2029-07-11
Senior Secured First Lien Debt
Berlitz Holdings, Inc.
Senior Secured First Lien Debt #2
$4.18M
$4.75M
-$570.0K
+9.00%
2026-07-31
Senior Secured First Lien Debt
Atlas Supply LLC
Senior Secured First Lien Debt
$4.18M
$5.00M
-$823.0K
13.00%
2025-04-29
Senior Secured First Lien Debt
Dermcare Management, LLC
Senior Secured First Lien Debt #2
$4.11M
$4.08M
$32.0K
+6.00%
2028-04-22
Senior Secured Second Lien Debt
WorkGenius, Inc.
Senior Secured First Lien Debt #4
$4.01M
$4.01M
$0.00
+7.00%
2027-06-07
Senior Secured Second Lien Debt
Xenon Arc, Inc.
Senior Secured First Lien Debt
$3.78M
$3.76M
$16.0K
+5.75%
2028-12-20
First American Treasury Obligations Fund
Class Z Shares
$3.48M
$3.48M
$0.00
Senior Secured First Lien Debt
BDS Solutions Intermediateco, LLC
Senior Secured First Lien Debt #2
$3.38M
$3.31M
$66.0K
+6.75%
2027-02-07
Equity
Energy: Oil & Gas
Service Compression Holdings, LLC, Warrants
$3.06M
$1.43M
$1.64M
JP Intermediate B, LLC
Third Out Term Loan
$3.02M
Senior Secured First Lien Debt
JP Intermediate B, LLC
Senior Secured First Lien Debt #3
$3.02M
$217.0K
$2.80M
+5.50%
2031-03-31
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #6
$3.01M
$3.09M
-$81.0K
+7.35%
2027-12-12
Senior Secured Second Lien Debt
Stengel Hill Architecture, LLC
Senior Secured First Lien Debt #2
$2.99M
$2.99M
$1.0K
+6.75%
2028-08-16
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #8
$2.93M
$2.85M
$76.0K
2027-12-12
Senior Secured First Lien Debt
Inotiv, Inc.
Senior Secured First Lien Debt #3
$2.87M
$2.79M
$74.0K
+11.50%
2026-10-15
Senior Secured First Lien Debt
Instant Web, LLC
Senior Secured First Lien Debt #2
$2.84M
$2.92M
-$85.0K
+6.50%
2029-02-23
Equity
Consumer Goods: Durable
EBSC Holdings LLC, Preferred Units (10% Return)
$2.83M
$2.47M
$367.0K
Instant Web, LLC
Revolving Loan
$2.82M
Senior Secured First Lien Debt
Cennox, Inc.
Senior Secured First Lien Debt #3
$2.79M
$2.99M
-$198.0K
+6.75%
2029-05-04
Senior Secured First Lien Debt
Robert C. Hilliard, L.L.P.
Senior Secured First Lien Debt
$2.72M
$2.77M
-$50.0K
+12.00%
2025-04-30
Equity
Consumer Goods: Non-Durable
PLBY Group, Inc., Common Stock
$2.70M
$5.51M
-$2.81M
Senior Secured First Lien Debt
Gold Medal Holdings, Inc.
Senior Secured First Lien Debt #2
$2.49M
$2.48M
$4.0K
+5.75%
2027-03-17
Senior Secured First Lien Debt
RumbleOn, Inc.
Senior Secured First Lien Debt #1
$2.41M
$2.41M
$5.0K
+7.75%
2027-09-30
Equity
Consumer Goods: Durable
NSG Co-Invest (Bermuda) LP, Partnership Interests
$2.28M
$1.00M
$1.28M
CTS Ultimate Holdings LLC
Construction & Building
Class A Preferred Units, Construction & Building
$2.25M
$1.00M
$1.25M
Equity
Healthcare & Pharmaceuticals
New Giving Acquisition, Inc., Common Stock
$2.15M
$633.0K
$1.51M
Equity
Energy: Oil & Gas
Service Compression Holdings, LLC, Junior Preferred Units
$2.12M
$1.33M
$798.0K
Equity
Services: Consumer
Snap Fitness Holdings, Inc., Warrants
$2.11M
$1.25M
$867.0K
Snap Fitness Holdings, Inc.
Warrants
$2.11M
Senior Secured First Lien Debt
Emerald Technologies (U.S.) Acquisitionco, Inc.
Senior Secured First Lien Debt
$2.01M
$2.79M
-$778.0K
+6.25%
2029-12-31
Equity
Healthcare & Pharmaceuticals
Online Pharmacy Holdings, LLC, Series A Preferred Equity (5% Return)
$1.99M
$3.33M
-$1.33M
Online Pharmacy Holdings, LLC
Series A Preferred Equity
$1.99M
Senior Secured Second Lien Debt
Tactical Air Support, Inc.
Senior Secured First Lien Debt #2
$1.90M
$1.90M
$0.00
+8.50%
2028-12-22
Senior Secured First Lien Debt
CSC ServiceWorks East, LLC
Senior Secured First Lien Debt #1
$1.87M
$1.87M
$4.0K
+5.43%
2030-09-04
Senior Secured First Lien Debt
Cennox, Inc.
Senior Secured First Lien Debt #4
$1.84M
$1.97M
-$130.0K
+6.75%
2029-05-04
Senior Secured Second Lien Debt
Tactical Air Support, Inc.
Senior Secured First Lien Debt #3
$1.82M
$1.80M
$29.0K
+8.50%
2028-12-22
Senior Secured First Lien Debt
BDS Solutions Intermediateco, LLC
Senior Secured First Lien Debt #3
$1.79M
$1.76M
$29.0K
+6.75%
2027-02-07
ARC Financial, LLC
Membership Interests
$1.74M
Equity
Metals & Mining
ARC Financial Partners, LLC, Membership Interests (25% ownership)
$1.74M
Senior Secured First Lien Debt
Instant Web, LLC
Senior Secured First Lien Debt #4
$1.74M
$1.79M
-$52.0K
+6.50%
2029-02-23
Instant Web, LLC
First Lien Delayed Draw Term Loan
$1.69M
Unsecured Debt
TMK Hawk Parent, Corp.
Senior Secured Second Lien Debt
$1.66M
$1.81M
-$149.0K
11.00%
2031-12-15
Equity
Services: Business
White Tiger NewCo, LLC, Class A Units
$1.60M
$12.66M
-$11.06M
White Tiger NewCo, LLC
Common Equity
$1.60M
STATinMED, LLC
Senior Superpriority Term Note
$1.53M
Senior Secured Second Lien Debt
STATinMED, LLC
Senior Secured First Lien Debt #3
$1.53M
$498.0K
$1.03M
0.00%
2027-07-01
Senior Secured Second Lien Debt
Stengel Hill Architecture, LLC
Senior Secured First Lien Debt #3
$1.50M
$1.50M
$0.00
+6.75%
2028-08-16
Senior Secured First Lien Debt
Berlitz Holdings, Inc.
Senior Secured First Lien Debt #3
$1.41M
$1.54M
-$131.0K
+9.00%
2027-07-31
Senior Secured First Lien Debt
Dermcare Management, LLC
Senior Secured First Lien Debt #3
$1.34M
$1.34M
$0.00
+6.00%
2028-04-22
Senior Secured First Lien Debt
Heritage Power, LLC
Senior Secured First Lien Debt
$1.22M
$1.23M
-$10.0K
+5.50%
2028-07-20
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #4
$1.11M
$1.12M
-$13.0K
+8.50%
2027-12-12
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #5
$1.09M
$1.06M
$30.0K
+8.50%
2027-12-12
RA Outdoors, LLC
Revolving Loan
$962.0K
Senior Secured First Lien Debt
RA Outdoors, LLC
Senior Secured First Lien Debt #2
$962.0K
$1.18M
-$219.0K
+6.75%
2027-06-30
CHC Medical Partners, Inc.
Healthcare & Pharmaceuticals
Additional Series C Preferred Stock, Healthcare & Pharmaceuticals
$927.0K
$350.0K
$577.0K
STATinMED, LLC
Senior Superpriority Term Note
$903.0K
Senior Secured Second Lien Debt
STATinMED, LLC
Senior Secured First Lien Debt #5
$903.0K
$218.0K
$685.0K
0.00%
2027-07-01
Senior Secured First Lien Debt
Newbury Franklin Industrials LLC
Senior Secured First Lien Debt #2
$894.0K
$901.0K
-$7.0K
+7.00%
2029-12-11
Equity
Banking, Finance, Insurance & Real Estate
Mount Logan Capital Inc., Common Stock
$876.0K
$3.53M
-$2.66M
Unsecured Debt
Klein Hersh, LLC
Senior Secured Second Lien Debt
$857.0K
$988.0K
-$131.0K
0.00%
2032-04-27
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #4
$829.0K
$825.0K
$4.0K
0.00%
2028-05-29
Senior Secured Second Lien Debt
Stengel Hill Architecture, LLC
Senior Secured First Lien Debt #4
$825.0K
$825.0K
$0.00
+6.75%
2028-08-16
Senior Secured Second Lien Debt
WorkGenius, Inc.
Senior Secured First Lien Debt #2
$750.0K
$747.0K
$3.0K
+7.00%
2027-06-07
Senior Secured First Lien Debt
Optio Rx, LLC
Senior Secured First Lien Debt #1
$748.0K
$761.0K
-$13.0K
+10.00%
2030-03-21
Optio Rx, LLC
Revolving Loan
$737.0K
Equity
Services: Business
CF Arch Holdings LLC, Class A Units
$724.0K
$381.0K
$343.0K
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #1
$672.0K
$1.77M
-$1.10M
0.00%
2028-05-29
Senior Secured First Lien Debt
Instant Web, LLC
Senior Secured First Lien Debt #3
$608.0K
$600.0K
$8.0K
+3.75%
2029-02-23
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #2
$604.0K
$589.0K
$15.0K
+8.00%
2029-03-12
Senior Secured First Lien Debt
RA Outdoors, LLC
Senior Secured First Lien Debt #3
$602.0K
$756.0K
-$154.0K
+6.75%
2027-06-30
Senior Secured First Lien Debt
Invincible Boat Company LLC
Senior Secured First Lien Debt #2
$584.0K
$718.0K
-$134.0K
+7.50%
2028-03-31
Equity
Construction & Building
CTS Ultimate Holdings, LLC, Class A Preferred Units
$535.0K
$237.0K
$298.0K
Equity
High Tech Industries
NS NWN Acquisition, LLC, Class A Preferred Units
$535.0K
RA Outdoors, LLC
Delayed Draw Term Loan
$535.0K
Equity
Services: Business
FWS Parent Holdings, LLC, Class A Membership Interests
$525.0K
$800.0K
-$275.0K
Senior Secured First Lien Debt
Adapt Laser Acquisition, Inc.
Senior Secured First Lien Debt #2
$492.0K
$500.0K
-$8.0K
+7.25%
2029-12-31
STATinMED, LLC
Senior Term Loan
$473.0K
Senior Secured Second Lien Debt
STATinMED, LLC
Senior Secured First Lien Debt #2
$473.0K
$1.00M
-$531.0K
0.00%
2027-07-01
Senior Secured Second Lien Debt
Williams Industrial Services Group, Inc.
Senior Secured First Lien Debt #1
$473.0K
$1.43M
-$953.0K
+11.00%
2025-12-16
Adapt Laser Acquisition, Inc.
Revolving Loan
$468.0K
Senior Secured First Lien Debt
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #7
$457.0K
$462.0K
-$5.0K
+8.50%
2027-12-12
Senior Secured First Lien Debt
Berlitz Holdings, Inc.
Senior Secured First Lien Debt #4
$440.0K
$503.0K
-$63.0K
+9.00%
2026-07-31
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #2
$432.0K
$2.04M
-$1.61M
0.00%
2028-05-29
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #3
$410.0K
$1.08M
-$673.0K
0.00%
2028-05-29
Senior Secured First Lien Debt
FuseFX, LLC
Senior Secured First Lien Debt #2
$395.0K
$395.0K
$0.00
+6.00%
2027-09-30
Equity
Services: Business
WorkGenius, LLC, Class A Units
$380.0K
$500.0K
-$120.0K
Senior Secured Second Lien Debt
WorkGenius, Inc.
Senior Secured First Lien Debt #5
$375.0K
$375.0K
$0.00
+12.00%
2027-06-07
Senior Secured Second Lien Debt
Trademark Global, LLC
Senior Secured First Lien Debt #2
$346.0K
$346.0K
$0.00
+8.50%
2027-06-30
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #5
$342.0K
0.00%
2028-05-29
Equity
Automotive
RumbleOn, Inc., Warrants
$333.0K
$502.0K
-$169.0K
2028-08-14
Incremental First Lien Term Loan
First Lien Term Loan
$316.0K
Equity
Media: Diversified & Production
New Media Futures LLC, Common Units
$305.0K
$305.0K
$0.00
New Media Futures LLC
Common Stock
$305.0K
Senior Secured First Lien Debt
Entertainment Studios P&A LLC
Senior Secured First Lien Debt #2
$248.0K
5.00%
2037-05-18
STATinMED, LLC
Senior Superpriority Term Loan
$185.0K
Senior Secured Second Lien Debt
STATinMED, LLC
Senior Secured First Lien Debt #4
$185.0K
$224.0K
-$39.0K
0.00%
2027-07-01
Equity
High Tech Industries
NS NWN Holdco LLC, Non-Voting Units
$162.0K
Equity
Energy: Electricity
Heritage Litigation Trust, Restricted Stock
$146.0K
$100.0K
$46.0K
Senior Secured First Lien Debt
LAV Gear Holdings, Inc.
Senior Secured First Lien Debt #3
$144.0K
$147.0K
-$3.0K
+5.94%
2029-07-31
LAV Gear Holdings, Inc.
Revolving Loan
$133.0K
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #6
$126.0K
$125.0K
$1.0K
0.00%
2028-05-29
Senior Secured Second Lien Debt
Straine Dental Management, LLC
Senior Secured First Lien Debt #3
$122.0K
$124.0K
-$2.0K
+7.24%
2030-11-25
Equity
Hotel, Gaming & Leisure
LB NewHoldco LLC, Voting Units
$109.0K
$4.20M
-$4.09M
Equity
Energy: Oil & Gas
Ascent Resources - Marcellus, LLC, Membership Units
$102.0K
Senior Secured Second Lien Debt
Williams Industrial Services Group, Inc.
Senior Secured First Lien Debt #2
$101.0K
$304.0K
-$203.0K
+11.00%
2025-12-16
Skillsoft Corp.
High Tech Industries
Class A Common Stock, High Tech Industries
$63.0K
$2.00M
-$1.94M
Equity
Services: Business
TMK Hawk Parent, Corp., Warrants
$58.0K
Senior Secured First Lien Debt
HW Acquisition, LLC
Senior Secured First Lien Debt #3
$41.0K
2026-09-28
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Class A Membership Interests, Healthcare & Pharmaceuticals
$0.00
$5.20M
-$5.20M
Anthem Sports and Entertainment Inc.
Media: Diversified & Production
Class A Preferred Stock Warrants, Media: Diversified & Production
$0.00
$486.0K
-$486.0K
Equity
Banking, Finance, Insurance & Real Estate
Avison Young (Canada) Inc., Class F Common Shares
$0.00
$3.18M
-$3.18M
Equity
Beverage, Food & Tobacco
Isagenix Worldwide, Inc., Common Shares
$0.00
$8.99M
-$8.99M
Equity
Services: Business
Language Education Holdings LP, Ordinary Common Units
$0.00
$825.0K
-$825.0K
Equity
Capital Equipment
New HW Holdings Corp., Preferred Stock
$0.00
$9.90M
-$9.90M
Equity
Healthcare & Pharmaceuticals
STATinMed Parent, LLC, Class A Preferred Units
$0.00
$6.18M
-$6.18M
Equity
Healthcare & Pharmaceuticals
STATinMed Parent, LLC, Class B Preferred Units
$0.00
$3.19M
-$3.19M
Language Education Holdings LP
Services: Business
Ordinary Common Units, Services: Business
$0.00
$300.0K
-$300.0K
Senior Secured First Lien Debt
Anthem Sports & Entertainment Inc.
Senior Secured First Lien Debt #3
$0.00
$3.66M
-$3.66M
1.00%
2027-11-15
Senior Secured First Lien Debt
HW Acquisition, LLC
Senior Secured First Lien Debt #1
$0.00
$5.68M
-$5.68M
+6.00%
2026-09-28
Senior Secured Second Lien Debt
STATinMED, LLC
Senior Secured First Lien Debt #1
$0.00
$11.71M
-$11.71M
+9.50%
2027-07-01
Senior Secured Second Lien Debt
RA Outdoors, LLC
Senior Secured Second Lien Debt
$0.00
$2.22M
-$2.22M
+9.00%
2027-12-31
Senior Secured First Lien Debt
Anchor QEA, Inc.
Senior Secured First Lien Debt #3
-$2.0K
-$18.0K
$16.0K
2032-03-25
Senior Secured First Lien Debt
Bradshaw International Parent Corp.
Senior Secured First Lien Debt #2
-$5.0K
-$3.0K
-$2.0K
2026-10-21
Senior Secured First Lien Debt
APS Acquisition Holdings, LLC
Senior Secured First Lien Debt #2
-$6.0K
-$4.0K
-$2.0K
2026-07-11
Senior Secured First Lien Debt
CrossLink Professional Tax Solutions, LLC
Senior Secured First Lien Debt #2
-$6.0K
-$15.0K
$9.0K
2028-06-30
Senior Secured First Lien Debt
Anchor QEA, Inc.
Senior Secured First Lien Debt #2
-$7.0K
-$26.0K
$19.0K
2028-03-25
Senior Secured First Lien Debt
Newbury Franklin Industrials LLC
Senior Secured First Lien Debt #3
-$8.0K
-$10.0K
$2.0K
2029-12-11
Senior Secured First Lien Debt
LAV Gear Holdings, Inc.
Senior Secured First Lien Debt #4
-$11.0K
-$73.0K
$62.0K
2029-07-31
Senior Secured First Lien Debt
APS Acquisition Holdings, LLC
Senior Secured First Lien Debt #4
-$16.0K
2029-07-11
Senior Secured First Lien Debt
Metrc Inc.
Senior Secured First Lien Debt #2
-$17.0K
-$39.0K
$22.0K
2031-09-30
Senior Secured First Lien Debt
Metrc Inc.
Senior Secured First Lien Debt #3
-$17.0K
-$45.0K
$28.0K
2027-09-30
Senior Secured First Lien Debt
Instant Web, LLC
Senior Secured First Lien Debt #6
-$22.0K
2029-02-23
Senior Secured First Lien Debt
Adapt Laser Acquisition, Inc.
Senior Secured First Lien Debt #3
-$24.0K
2029-12-31
Senior Secured Second Lien Debt
Trademark Global, LLC
Senior Secured First Lien Debt #3
-$30.0K
2027-06-30
Senior Secured Second Lien Debt
Straine Dental Management, LLC
Senior Secured First Lien Debt #2
-$32.0K
-$18.0K
-$14.0K
2027-05-25
Senior Secured First Lien Debt
Instant Web, LLC
Senior Secured First Lien Debt #5
-$50.0K
2029-02-23
Senior Secured First Lien Debt
RA Outdoors, LLC
Senior Secured First Lien Debt #4
-$67.0K
2027-06-30
Senior Secured First Lien Debt
Berlitz Holdings, Inc.
Senior Secured First Lien Debt #5
-$87.0K
2027-07-31
Senior Secured First Lien Debt
Invincible Boat Company LLC
Senior Secured First Lien Debt #3
-$89.0K
2028-03-31
Senior Secured First Lien Debt
David's Bridal, Inc.
Senior Secured First Lien Debt #5
-$95.0K
0.00%
2026-12-31
American Clinical Solutions LLC
Healthcare & Pharmaceuticals
Delayed Draw Term Loan
-$240.0K
Senior Secured First Lien Debt
American Clinical Solutions LLC
Senior Secured First Lien Debt #2
-$240.0K
2027-06-30
Anthem Sports & Entertainment Inc.
Senior Secured First Lien Debt #1
9.49%
Anthem Sports & Entertainment Inc.
Senior Secured First Lien Debt #2
10.00%
Anthem Sports & Entertainment Inc.
Senior Secured First Lien Debt #3
1.00%
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.
Senior Secured First Lien Debt #1
11.11%
Avison Young (Canada) Inc./Avison Young (USA) Inc.
Senior Secured First Lien Debt #2
12.26%
Berlitz Holdings, Inc.
Senior Secured First Lien Debt
12.73%
CION/EagleTree Partners, LLC
Senior Secured Note
14.00%
Celerity Acquisition Holdings, LLC
Senior Secured First Lien Debt
12.34%
Cennox, Inc.
Senior Secured First Lien Debt
10.23%
Community Tree Service, LLC
Senior Secured First Lien Debt
13.34%
Emerald Technologies (U.S.) Acquisitionco, Inc.
Senior Secured First Lien Debt
10.09%
Equity
Healthcare & Pharmaceuticals
ACS Holdings LLC, Class A-1 Membership Units
Equity
Media: Advertising, Printing & Publishing
Instant Web Holdings, LLC, Class A Common Units
Equity
Services: Business
Language Education Holdings GP LLC, Common Units
Equity
Capital Equipment
New HW Holdings Corp., Common Stock
Equity
Healthcare & Pharmaceuticals
Online Pharmacy Holdings, LLC, Series D-1 Common Equity
Equity
Media: Diversified & Production
Sopris Topco, LLC, Common Units
Equity
Consumer Goods: Non-Durable
TG Parent NewCo LLC, Common Units
Equity
Construction & Building
Yak Holding II, LLC, Series A Common Units
FuseFX, LLC
Senior Secured First Lien Debt
11.93%
HDNet Holdco LLC
Media: Diversified & Production
Preferred Unit Call Option, Media: Diversified & Production
Heritage Power, LLC
Senior Secured First Lien Debt
9.23%
Hilliard
Martinez & Gonzales
LLP | Senior Secured First Lien Debt
15.73%
Homer City Generation, L.P.
Senior Secured First Lien Debt #1
15.00%
Homer City Generation, L.P.
Senior Secured First Lien Debt #2
17.00%
Invincible Boat Company LLC
Senior Secured First Lien Debt
11.29%
Language Education Holdings GP LLC
Services: Business
Common Units, Services: Business
Live Comfortably Borrower LLC
Senior Secured First Lien Debt
13.76%
Lucky Bucks Holdings LLC
Unsecured Note
12.50%
Robert C. Hilliard, L.L.P.
Senior Secured First Lien Debt
15.73%
RumbleOn, Inc.
Senior Secured First Lien Debt
11.68%
Senior Secured First Lien Debt
American Health Staffing Group, Inc.
Senior Secured First Lien Debt #2
-$2.0K
2028-11-19
Senior Secured First Lien Debt
BDS Solutions Intermediateco, LLC
Senior Secured First Lien Debt #4
-$25.0K
2027-02-07
Senior Secured First Lien Debt
Dependable Acquisition Inc.
Senior Secured First Lien Debt #2
2032-03-09
Senior Secured First Lien Debt
Inotiv, Inc.
Senior Secured First Lien Debt #4
2026-07-17
Senior Secured First Lien Debt
SHF Holdings, Inc.
Senior Secured First Lien Debt #2
2030-01-22
Senior Secured Second Lien Debt
Spinal USA, Inc. / Precision Medical Inc.
Senior Secured First Lien Debt #7
2028-05-29
Senior Secured Second Lien Debt
Stengel Hill Architecture, LLC
Senior Secured First Lien Debt #5
2028-08-16
Senior Secured Second Lien Debt
Tactical Air Support, Inc.
Senior Secured First Lien Debt #4
2028-12-22
Senior Secured Second Lien Debt
Thrill Holdings LLC
Senior Secured First Lien Debt #2
2027-05-27
Senior Secured Second Lien Debt
TMK Hawk Parent, Corp.
Senior Secured First Lien Debt #2
2026-10-28
Spinal USA, Inc.
Healthcare & Pharmaceuticals
/ Precision Medical Inc., Warrants, Healthcare & Pharmaceuticals
TMK Hawk Parent, Corp.
Unsecured Debt
11.00%
Trammell, P.C.
Senior Secured First Lien Debt
19.23%
Williams Industrial Services Group, Inc.
Senior Secured First Lien Debt
16.18%
WorkGenius, Inc.
Senior Secured First Lien Debt
12.00%
Disclosed holdings FV
$1.80B
Parsed holdings FV
$2.53B
Residual gap
-$730.18M
Balance-sheet cash
$7.66M
CIK
0001534254
Accession
0001534254-26-000010
Form type
10-Q
Period
2026-06-30