Gladstone Capital · filed 2025-11-17
Total Fair Value
$910.33M
123 holdings
Unrealized P/L
+$62.91M
+7.42% vs cost
W. Avg Spread
+7.66%
debt, FV-weighted
W. Avg Coupon
—
debt, FV-weighted
% First Lien
0.0%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$910M
Total Fair Value
- Healthcare, Education, and Childcare – 43.3%22.9%
- Diversified/Conglomerate Service – 26.0%13.8%
- Diversified/Conglomerate Manufacturing – 24.9%13.2%
- Healthcare, Education, and Childcare – 0.0%4.3%
- Diversified/Conglomerate Manufacturing – 7.8%4.1%
- Home and Office Furnishings, Housewares and Durable Consumer Products – 6.2%3.3%
- Healthcare, Education, and Childcare – 5.2%2.8%
- Healthcare, Education, and Childcare – 4.8%2.5%
- Personal, Food, and Miscellaneous Services – 4.6%2.4%
- Cargo Transportation – 4.1%2.2%
- Other industries28.5%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
123 of 123
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Altior Healthcare, LLC | Healthcare, Education, and Childcare – 43.3% | Term Debt | $46.92M | $46.00M | $920.0K | — | +6.50% | — |
Vet's Choice Radiology LLC | Healthcare, Education, and Childcare – 43.3% | Term Debt | $43.10M | $42.75M | $348.0K | — | +8.00% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 43.3% | Term Debt | $35.25M | $34.86M | $393.0K | — | +6.30% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt | $32.00M | $32.00M | $0.00 | — | +7.50% | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 43.3% | Term Debt | $30.36M | $30.31M | $50.0K | — | +6.00% | — |
Foodservices Brand Group, LLC | Home and Office Furnishings, Housewares and Durable Consumer Products – 6.2% | Term Debt | $30.00M | $30.00M | $0.00 | — | +6.50% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt | $30.00M | $30.00M | $0.00 | — | +11.10% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt | $28.40M | $28.12M | $281.0K | — | +8.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt | $27.46M | $27.46M | $0.00 | — | +7.00% | — |
MASSiv Brands, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt | $25.31M | $25.31M | $0.00 | — | — | — |
Pan-Am Dental, LLC | Healthcare, Education, and Childcare – 4.8% | Term Debt | $23.13M | $23.00M | $129.0K | — | — | — |
Snif-Snax, LLC | Personal, Food, and Miscellaneous Services – 4.6% | Term Debt | $22.20M | $22.20M | $0.00 | — | +6.70% | — |
Control Investment - Technical Resource Management, LLC | Healthcare, Education, and Childcare – 0.0% | Term Debt | $21.35M | — | — | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 5.2% | Term Debt | $21.35M | $24.11M | -$2.76M | — | +10.50% | — |
RPM Freight Systems, LLC | Cargo Transportation – 4.1% | Term Debt | $20.00M | $20.00M | $0.00 | — | +7.70% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 43.3% | Term Debt | $18.58M | $19.80M | -$1.23M | — | +10.00% | — |
Viron International Corp. | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt | $18.48M | $18.38M | $92.0K | — | +7.00% | — |
Dutch Gold Honey, Inc. | Beverage, Food, and Tobacco – 3.8% | Term Debt | $18.18M | $18.00M | $184.0K | — | +7.50% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt | $17.81M | $17.78M | $36.0K | — | +6.50% | — |
Control Investment - Engineering Manufacturing Technologies, LLC | Healthcare, Education, and Childcare – 0.0% | Term Debt | $17.56M | — | — | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 4.7% | Term Debt | $17.56M | $23.16M | -$5.60M | — | +8.30% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 43.3% | Term Debt | $17.50M | $17.50M | $0.00 | — | +7.30% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt #1 | $16.20M | $16.77M | -$574.0K | — | +11.60% | — |
Arc Drilling Holdings LLC | Machinery – 3.6% | Term Debt | $16.16M | $16.00M | $160.0K | — | +6.80% | — |
Freedom Dental Management, Inc. | Healthcare, Education, and Childcare – 43.3% | Term Debt | $15.30M | $15.00M | $300.0K | — | +7.30% | — |
Imperative Holdings Corporation | Oil and Gas – 3.1% | Term Debt | $15.02M | $14.94M | $72.0K | — | +9.80% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt | $14.32M | $14.11M | $219.0K | — | +6.50% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt | $13.88M | $13.88M | $0.00 | — | +6.40% | — |
Sea Link International IRB, Inc. | Automobile – 3.7% | Term Debt #1 | $13.87M | $13.72M | $145.0K | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 26.0% | Term Debt | $13.27M | $13.01M | $261.0K | — | — | — |
Eegee Acquisition Corp. | Beverage, Food, and Tobacco – 2.6% | Line of Credit | $12.75M | $12.75M | $0.00 | — | +7.00% | — |
RF Technologies, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt | $12.73M | $12.60M | $135.0K | — | +6.30% | — |
Zero Case Holding Inc. | Diversified/Conglomerate Manufacturing – 2.6% | Term Debt | $12.00M | $12.00M | $0.00 | — | +6.40% | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt #1 | $11.64M | $11.53M | $116.0K | — | +9.50% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 2.2% | Term Debt | $10.71M | $10.50M | $210.0K | — | +6.80% | — |
Alsay Incorporated | Diversified/Conglomerate Service – 2.1% | Term Debt | $10.00M | $10.00M | $0.00 | — | — | — |
Arc Drilling Holdings LLC | Machinery – 1.9% | Common Stock | $9.10M | $5.33M | $3.76M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.0% | Term Debt | $8.79M | — | — | — | +9.60% | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.0% | Term Debt | $8.79M | $8.79M | $0.00 | — | — | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service – 1.4% | Preferred Stock | $6.91M | $3.84M | $3.07M | — | — | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service – 1.4% | Preferred Stock | $6.91M | — | — | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt | $6.50M | $6.50M | $0.00 | — | +6.50% | — |
Pan-Am Dental, LLC | Healthcare, Education, and Childcare – 1.8% | Preferred Stock | $6.29M | $5.91M | $376.0K | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 1.2% | Common Equity Units | $5.81M | $500.0K | $5.31M | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 1.2% | Common Equity Units | $5.81M | — | — | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 1.5% | Common Stock | $5.33M | — | — | — | — | — |
Gladstone Alternative Income Fund | Finance – 1.1% | Common Stock | $5.08M | $5.00M | $75.0K | — | — | — |
Alsay Incorporated | Diversified/Conglomerate Service – 1.0% | Preferred Stock | $5.00M | $5.00M | $0.00 | — | — | — |
Tube Bending Technology, LLC | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt | $4.96M | $5.00M | -$45.0K | — | — | — |
Eegee Acquisition Corp. | Beverage, Food, and Tobacco – 1.0% | Common Stock | $4.86M | $8.50M | -$3.64M | — | — | — |
Lonestar EMS, LLC | — | Common Units | $4.22M | — | — | — | — | — |
Sea Link International IRB, Inc. | Automobile – 3.7% | Term Debt #2 | $4.16M | $4.16M | $0.00 | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.8% | Common Stock | $3.70M | $800.0K | $2.90M | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Common Stock | $3.70M | — | — | — | — | — |
Dutch Gold Honey, Inc. | Beverage, Food, and Tobacco – 1.6% | Common Stock | $3.33M | $900.0K | $2.43M | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 5.2% | Line of Credit #1 | $2.72M | $3.08M | -$353.0K | — | +10.50% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 0.6% | Preferred Equity | $2.72M | $3.00M | -$280.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.7% | Term Debt | $2.54M | $6.00M | -$3.46M | — | +2.00% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 26.0% | Term Debt #2 | $2.51M | $2.60M | -$89.0K | — | — | — |
Imperative Holdings Corporation | Oil and Gas – 0.5% | Preferred Equity Units | $2.45M | $488.0K | $1.96M | — | — | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt #2 | $2.44M | $2.32M | $120.0K | — | — | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 0.5% | Preferred Stock | $2.38M | $2.65M | -$273.0K | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 1.8% | Preferred Stock | $2.29M | $2.60M | -$314.0K | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 1.6% | Common Stock | $2.24M | $450.0K | $1.79M | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 1.6% | Common Stock | $2.15M | $250.0K | $1.90M | — | — | — |
GSM MidCo LLC | Healthcare, Education, and Childcare – 1.5% | Common Stock | $1.98M | $767.0K | $1.21M | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 43.3% | Line of Credit | $1.74M | $1.86M | -$122.0K | — | +10.00% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 26.0% | Delayed Draw Term Loan | $1.60M | $1.60M | $0.00 | — | +6.50% | — |
Snif-Snax, LLC | Personal, Food, and Miscellaneous Services – 0.3% | Preferred Stock | $1.50M | $1.50M | $0.00 | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 0.4% | Common Stock | $1.50M | $750.0K | $750.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Line of Credit | $1.35M | $1.35M | $0.00 | — | +8.00% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 0.2% | Common Equity | $1.18M | $1.00M | $184.0K | — | — | — |
Arc Drilling Holdings LLC | Machinery – 3.6% | Line of Credit | $1.13M | $1.13M | $0.00 | — | +6.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 0.5% | Common Units | $1.11M | $1.11M | $0.00 | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 26.0% | Line of Credit | $1.10M | $1.10M | $0.00 | — | +6.50% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 5.2% | Line of Credit #2 | $1.07M | $1.21M | -$140.0K | — | +10.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 0.5% | Common Stock | $1.07M | $2.00M | -$933.0K | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 24.9% | Delayed Draw Term Loan | $1.07M | $1.07M | $0.00 | — | +6.50% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Preferred Stock | $1.01M | $500.0K | $506.0K | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Preferred Stock | $1.01M | — | — | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Term Debt | $1.00M | $1.00M | $0.00 | — | +8.00% | — |
Zero Case Holding Inc. | Diversified/Conglomerate Manufacturing – 0.2% | Common Stock | $1.00M | $1.00M | $0.00 | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 4.7% | Line of Credit | $834.0K | $1.10M | -$266.0K | — | +8.30% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 24.9% | Line of Credit | $589.0K | $589.0K | $0.00 | — | +6.50% | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.7% | Line of Credit #1 | $559.0K | $1.32M | -$761.0K | — | +2.00% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 2.6% | Term Debt | $513.0K | $6.14M | -$5.63M | — | +5.50% | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 24.9% | Term Debt #2 | $505.0K | $500.0K | $5.0K | — | +9.50% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 0.4% | Common Stock | $457.0K | $532.0K | -$75.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Common Equity Units | $277.0K | $823.0K | -$546.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Preferred Stock | $261.0K | $98.0K | $163.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.0% | Preferred Stock | $214.0K | $1.02M | -$811.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 0.0% | Preferred Stock | $197.0K | $75.0K | $122.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.7% | Line of Credit #2 | $191.0K | $450.0K | -$259.0K | — | +2.00% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 1.6% | Common Warrant | $186.0K | — | — | — | — | — |
Total Safety Holdings, LLC | Oil and Gas – 0.0% | Common Equity | $47.0K | $499.0K | -$452.0K | — | — | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare – 1.5% | Limited Partnership Interest | $36.0K | — | — | — | — | — |
Antenna Research Associates, Inc. | — | Term Debt | $17.0K | $198.0K | -$181.0K | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 43.3% | Line of Credit | — | — | — | — | +6.00% | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 43.3% | Delayed Draw Term Loan | — | — | — | — | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.0% | Preferred Stock | — | $2.02M | — | — | — | — |
Control Investment - Technical Resource Management, LLC | Healthcare, Education, and Childcare – 0.0% | Common Stock | — | — | — | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.0% | Common Stock | — | $581.0K | — | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.0% | Common Stock | — | — | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $5.47M | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 2.6% | Preferred Stock | — | — | — | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 0.9% | Common Stock | — | $3.00M | — | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.0% | Term Debt | — | $325.0K | — | — | — | — |
Foodservices Brand Group, LLC | Home and Office Furnishings, Housewares and Durable Consumer Products – 6.2% | Line of Credit | — | — | — | — | +6.50% | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.6% | Preferred Stock | — | $500.0K | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.6% | Preferred Stock Warrant | — | — | — | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 24.9% | Line of Credit | — | — | — | — | +7.00% | — |
RF Technologies, LLC | Diversified/Conglomerate Service – 26.0% | Line of Credit | — | — | — | — | +6.30% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 0.0% | Common Stock | — | $2.00M | — | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 0.0% | Common Warrants | — | — | — | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 26.0% | Line of Credit | — | — | — | — | +6.50% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 43.3% | Line of Credit | — | — | — | — | +7.30% | — |
Viron International Corp. | Diversified/Conglomerate Manufacturing – 0.5% | Common Stock | — | $15.0K | — | — | — | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 24.9% | Line of Credit | — | — | — | — | +6.40% | — |
WB Xcel Holdings, LLC | — | Preferred Stock | — | — | — | — | — | — |
WB Xcel Holdings, LLC | — | Common Warrant | — | — | — | — | — | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 2.2% | Line of Credit | — | — | — | — | +6.80% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 2.2% | Delayed Draw Term Loan | — | — | — | — | +6.80% | — |
Zero Case Holding Inc. | Diversified/Conglomerate Manufacturing – 2.6% | Line of Credit | — | — | — | — | +6.40% | — |