Gladstone Investment · filed 2025-02-12
Total Fair Value
$947.37M
60 holdings
Unrealized P/L
+$64.68M
+7.33% vs cost
W. Avg Spread
+8.89%
debt, FV-weighted
W. Avg Coupon
13.35%
debt, FV-weighted
% First Lien
4.2%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$947M
Total Fair Value
- Hotels, Motels, Inns, and Gaming – 17.4%9.0%
- Diversified/Conglomerate Services – 16.4%8.5%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5%7.8%
- Diversified/Conglomerate Services – 12.9%6.7%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.1%5.8%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.7%5.5%
- Electronics – 10.0%5.2%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 9.5%4.9%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.8%4.0%
- Oil and Gas – 7.0%3.6%
- Other industries39.1%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
60 of 60
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 17.4% | Term Debt | $79.60M | $79.60M | $0.00 | 14.50% | +10.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.1% | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Nielsen-Kellerman Acquisition Corp. TL | Electronics – 10.0% | Term Debt | $48.08M | $48.08M | $0.00 | 13.50% | +8.50% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.7% | Preferred Stock | $48.08M | $6.65M | $41.43M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 9.5% | Common Stock | $46.27M | $30.75M | $15.53M | — | — | — |
Old World Christmas | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.8% | Inc. – Secured First Lien Term Loan | $38.00M | $38.00M | $0.00 | 13.80% | +9.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 12.9% | Term Debt | $37.81M | $57.70M | -$19.89M | 11.80% | +7.50% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5% | Preferred Stock | $36.72M | — | — | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.0% | Term Debt | $33.75M | $33.75M | $0.00 | 13.30% | +9.00% | — |
The E3 Company, LLC | Oil and Gas – 6.9% | Preferred Stock | $33.52M | $11.23M | $22.29M | — | — | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 6.3% | Preferred Stock | $30.93M | $6.60M | $24.33M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 16.4% | Term Debt | $28.56M | $28.56M | $0.00 | 14.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.7% | Term Debt | $27.98M | $27.98M | $0.00 | 15.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 12.9% | Term Debt | $25.25M | $25.25M | $0.00 | 14.30% | +10.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.9% | Preferred Stock | $24.13M | $8.56M | $15.57M | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 4.8% | Preferred Equity | $23.45M | $21.00M | $2.45M | — | — | — |
Nielsen-Kellerman Acquisition Corp. | Electronics – 4.5% | Preferred Stock | $22.17M | $22.17M | $0.00 | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 16.4% | Term Debt | $22.00M | $22.00M | $0.00 | 15.30% | +11.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.1% | Term Debt | $20.00M | $20.00M | $0.00 | 14.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 3.9% | Preferred Stock | $19.17M | $4.00M | $15.17M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.2% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.30% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.30% | +10.00% | — |
Ricardo Defense, Inc. | Aerospace and Defense – 3.6% | Preferred Stock | $17.39M | $17.39M | $0.00 | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 3.6% | Preferred Stock | $17.34M | $6.00M | $11.34M | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.1% | Term Debt | $17.12M | $17.12M | $0.00 | 13.00% | +8.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 3.3% | Term Debt | $15.89M | $26.62M | -$10.73M | 9.80% | +5.50% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.4% | Term Debt #2 | $15.50M | $26.00M | -$10.50M | 14.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport – 2.6% | Term Debt | $12.51M | $13.00M | -$486.0K | 13.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5% | Term Debt | $12.20M | $12.20M | $0.00 | 14.30% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.9% | Term Debt | $12.00M | $12.00M | $0.00 | 13.30% | +9.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.4% | Term Debt #1 | $9.84M | $16.50M | -$6.66M | 10.30% | +6.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 1.9% | Preferred Stock | $9.47M | $11.21M | -$1.73M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 2.9% | Preferred Stock | $7.78M | $6.64M | $1.14M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.2% | Term Debt #1 | $6.90M | $6.90M | $0.00 | 8.40% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5% | Term Debt #2 | $6.85M | $6.85M | $0.00 | 14.30% | +10.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 2.9% | Preferred Stock | $6.54M | $6.75M | -$210.0K | — | — | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 17.4% | Line of Credit | $6.00M | $6.00M | $0.00 | 12.30% | +8.00% | — |
Gladstone Alternative Income Fund. | Finance – 1.0% | Common Equity | $5.00M | $5.00M | $0.00 | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.7% | Preferred Stock | $4.46M | $9.58M | -$5.12M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 0.8% | Common Stock | $4.08M | $11.51M | -$7.44M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.4% | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.1% | Line of Credit | $3.00M | $3.00M | $0.00 | 10.00% | +5.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.4% | Line of Credit | $2.98M | $5.00M | -$2.02M | 10.30% | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.4% | Term Debt #1 | $2.96M | $14.00M | -$11.04M | 7.00% | +2.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 1.1% | Line of Credit | $2.75M | $2.75M | $0.00 | 11.30% | +7.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.1% | Term Debt | $2.40M | $3.20M | -$795.0K | 15.30% | +11.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.9% | Line of Credit | $2.00M | $2.00M | $0.00 | 10.30% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.4% | Term Debt #3 | $1.45M | $2.44M | -$984.0K | 10.30% | +6.00% | — |
Nielsen-Kellerman Acquisition Corp. Line of Credit | Electronics – 10.0% | Secured First Lien Debt | $1.07M | $1.07M | $0.00 | 10.00% | +5.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.4% | Line of Credit #2 | $753.0K | $753.0K | $0.00 | 7.00% | +2.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $504.0K | $9.21M | -$8.71M | 9.80% | +5.50% | — |
The E3 Company, LLC | Oil and Gas – 7.0% | Line of Credit | $500.0K | $500.0K | $0.00 | 10.00% | +5.50% | — |
Home Concepts Acquisition, Inc. – Line of Credit Two | Printing and Publishing – 2.9% | Secured First Lien Debt | $400.0K | $400.0K | $0.00 | 10.30% | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.0% | Preferred Stock | — | $4.72M | — | — | — | — |
Diligent Delivery Systems | Cargo Transport – 0.0% | Common Stock Warrants | — | $500.0K | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $8.20M | — | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 0.0% | Common Stock | — | $8.0K | — | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 1.9% | Preferred Stock | — | — | — | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 0.0% | Preferred Stock | — | $19.73M | — | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Common Stock | — | $1.83M | — | — | — | — |