Gladstone Capital · filed 2025-05-06
Total Fair Value
$754.78M
110 holdings
Unrealized P/L
-$19.16M
-2.48% vs cost
W. Avg Spread
+7.58%
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
$755M
Total Fair Value
- Healthcare, Education, and Childcare – 32.4%20.5%
- Diversified/Conglomerate Manufacturing – 25.3%16.0%
- Diversified/Conglomerate Service – 17.5%11.1%
- Beverage, Food, and Tobacco – 13.7%8.6%
- Aerospace and Defense – 12.2%7.7%
- Diversified/Conglomerate Manufacturing – 7.8%4.9%
- Healthcare, Education, and Childcare – 5.1%3.2%
- Healthcare, Education, and Childcare – 4.8%3.1%
- Beverage, Food, and Tobacco – 4.5%2.8%
- Cargo Transportation – 4.2%2.7%
- Other industries19.2%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
110 of 110
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Vet's Choice Radiology LLC | Healthcare, Education, and Childcare – 32.4% | Term Debt | $42.61M | $42.75M | -$144.0K | — | +7.00% | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 12.2% | Term Debt | $42.16M | $41.95M | $211.0K | — | +6.40% | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 32.4% | Term Debt | $31.40M | $31.24M | $156.0K | — | +6.80% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt | $30.00M | $30.00M | $0.00 | — | +11.10% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 32.4% | Term Debt | $28.46M | $28.13M | $337.0K | — | +5.80% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service – 17.5% | Term Debt | $28.40M | $28.12M | $281.0K | — | +8.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt | $27.55M | $27.55M | $0.00 | — | +7.00% | — |
Café Zupas | Beverage, Food, and Tobacco – 13.7% | Term Debt | $26.25M | $26.10M | $153.0K | — | +7.00% | — |
Pan-Am Dental, LLC | Healthcare, Education, and Childcare – 4.8% | Term Debt | $23.10M | $23.00M | $96.0K | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 5.1% | Term Debt | $22.07M | $23.50M | -$1.43M | — | +8.00% | — |
RPM Freight Systems, LLC | Cargo Transportation – 4.2% | Term Debt | $20.20M | $20.00M | $200.0K | — | +7.70% | — |
Viron International Corp. | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt | $19.35M | $19.35M | $0.00 | — | +7.00% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 32.4% | Term Debt | $18.26M | $19.72M | -$1.47M | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 17.5% | Term Debt #1 | $18.11M | $18.06M | $50.0K | — | +6.50% | — |
Dutch Gold Honey, Inc. | Beverage, Food, and Tobacco – 4.5% | Term Debt | $18.00M | $18.00M | $0.00 | — | +7.50% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 32.4% | Term Debt | $17.50M | $17.50M | $0.00 | — | +7.30% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt #1 | $16.66M | $16.50M | $165.0K | — | +7.50% | — |
Imperative Holdings Corporation | Oil and Gas – 3.5% | Term Debt | $16.52M | $16.43M | $90.0K | — | +9.80% | — |
Arc Drilling Holdings LLC | Machinery – 3.4% | Term Debt | $16.32M | $16.00M | $320.0K | — | +7.00% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 17.5% | Term Debt | $16.19M | $16.07M | $125.0K | — | +9.60% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 12.2% | Term Debt | $15.97M | $15.97M | $0.00 | — | +8.00% | — |
Freedom Dental Management, Inc. | Healthcare, Education, and Childcare – 32.4% | Term Debt | $14.96M | $15.00M | -$45.0K | — | +7.30% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt | $14.83M | $22.63M | -$7.79M | — | +8.30% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt | $14.61M | $14.34M | $267.0K | — | +6.50% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt | $13.98M | $13.98M | $0.00 | — | +7.10% | — |
Sea Link International IRB, Inc. | Automobile – 3.7% | Term Debt #1 | $13.58M | $13.58M | $0.00 | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 13.7% | Term Debt | $13.50M | $17.97M | -$4.47M | — | +7.80% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 17.5% | Term Debt | $13.26M | $13.00M | $260.0K | — | — | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt #1 | $11.70M | $11.59M | $107.0K | — | +9.50% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 13.7% | Term Debt | $10.45M | $10.50M | -$52.0K | — | — | — |
Café Zupas | Beverage, Food, and Tobacco – 13.7% | Delayed Draw Term Loan | $9.80M | $9.80M | $0.00 | — | +7.00% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing – 2.0% | Common Units | $9.60M | $6.75M | $2.85M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 1.8% | Term Debt | $8.79M | $8.79M | $0.00 | — | +9.60% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 17.5% | Term Debt | $6.70M | $6.50M | $195.0K | — | +6.90% | — |
Arc Drilling Holdings LLC | Machinery – 1.4% | Common Stock | $6.64M | $5.33M | $1.30M | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 1.6% | Common Stock | $6.15M | — | — | — | — | — |
Pan-Am Dental, LLC | Healthcare, Education, and Childcare – 1.7% | Preferred Stock | $6.04M | $5.91M | $131.0K | — | — | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service – 1.2% | Preferred Stock | $5.66M | $3.84M | $1.82M | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 1.1% | Common Equity Units | $5.51M | $500.0K | $5.01M | — | — | — |
Gladstone Alternative Income Fund | Finance – 1.0% | Common Stock | $4.97M | $5.00M | -$25.0K | — | — | — |
Tube Bending Technology, LLC | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt | $4.92M | $5.00M | -$84.0K | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 0.9% | Preferred Equity | $4.52M | $3.00M | $1.52M | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing – 2.0% | Term Debt | $4.20M | $4.14M | $59.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 3.7% | Term Debt #2 | $4.12M | $4.12M | $0.00 | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.9% | Common Stock | $4.10M | $800.0K | $3.30M | — | — | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco – 4.5% | Term Debt | $3.39M | $3.68M | -$295.0K | — | +7.90% | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 1.3% | Common Stock | $3.19M | $450.0K | $2.74M | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing – 0.6% | Preferred Stock | $2.80M | $2.65M | $150.0K | — | — | — |
Imperative Holdings Corporation | Oil and Gas – 0.6% | Preferred Equity Units | $2.69M | $488.0K | $2.21M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.7% | Term Debt | $2.53M | $6.00M | -$3.47M | — | +2.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 13.7% | Line of Credit #1 | $2.48M | $3.30M | -$821.0K | — | +7.80% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 13.7% | Delayed Draw Term Loan | $2.38M | $3.17M | -$789.0K | — | +7.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt #2 | $2.36M | $2.24M | $121.0K | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 5.1% | Line of Credit | $2.35M | $2.51M | -$160.0K | — | +8.00% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 0.4% | Common Stock | $2.00M | $2.00M | -$5.0K | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 1.7% | Preferred Stock | $1.92M | $2.60M | -$687.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 1.3% | Common Stock | $1.89M | $250.0K | $1.64M | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 32.4% | Line of Credit | $1.70M | $1.84M | -$146.0K | — | +8.00% | — |
GSM MidCo LLC | Healthcare, Education, and Childcare – 1.6% | Common Stock | $1.60M | $767.0K | $835.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Line of Credit | $1.36M | $1.35M | $7.0K | — | +8.00% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 0.3% | Common Stock | $1.21M | $750.0K | $464.0K | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 17.5% | Line of Credit | $1.20M | $1.20M | $0.00 | — | +6.50% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 25.3% | Delayed Draw Term Loan | $1.09M | $1.09M | $0.00 | — | +6.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 0.2% | Common Equity | $1.05M | $1.00M | $54.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Term Debt | $1.01M | $1.00M | $6.0K | — | +8.00% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Preferred Stock | $968.0K | $500.0K | $468.0K | — | — | — |
Dutch Gold Honey, Inc. | Beverage, Food, and Tobacco – 1.3% | Common Stock | $900.0K | $900.0K | $0.00 | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.2% | Common Stock | $853.0K | $581.0K | $272.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.7% | Line of Credit #1 | $556.0K | $1.32M | -$764.0K | — | +2.00% | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 25.3% | Term Debt #2 | $504.0K | $500.0K | $4.0K | — | +9.50% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 25.3% | Line of Credit | $459.0K | $700.0K | -$241.0K | — | +8.30% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 0.3% | Common Stock | $414.0K | $532.0K | -$118.0K | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 13.7% | Line of Credit #2 | $376.0K | $500.0K | -$124.0K | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 25.3% | Line of Credit | $367.0K | $367.0K | $0.00 | — | +6.50% | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Common Equity Units | $364.0K | $823.0K | -$459.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Preferred Stock | $241.0K | $98.0K | $143.0K | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Term Debt | $229.0K | $6.14M | -$5.91M | — | +5.50% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 0.0% | Preferred Stock | $182.0K | $75.0K | $107.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.7% | Line of Credit #2 | $168.0K | $398.0K | -$230.0K | — | +2.00% | — |
Total Safety Holdings, LLC | Oil and Gas – 0.0% | Common Equity | $149.0K | $499.0K | -$350.0K | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 1.3% | Common Warrant | $121.0K | — | — | — | — | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare – 1.6% | Limited Partnership Interest | $36.0K | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.0% | Convertible Debt | $23.0K | $198.0K | -$175.0K | — | — | — |
Viron International Corp. | Diversified/Conglomerate Manufacturing – 0.4% | Common Stock | $15.0K | $15.0K | $0.00 | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.0% | Preferred Stock | $11.0K | $1.02M | -$1.01M | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 32.4% | Line of Credit | — | — | — | — | +6.80% | — |
Arc Drilling Holdings LLC | Machinery – 3.4% | Line of Credit | — | — | — | — | +7.00% | — |
B+T Group Acquisition, Inc.(S) | Telecommunications – 0.0% | Preferred Stock | — | $2.02M | — | — | — | — |
Café Zupas | Beverage, Food, and Tobacco – 13.7% | Line of Credit | — | — | — | — | +7.00% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $5.47M | — | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 0.4% | Common Stock | — | $3.00M | — | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.0% | Term Debt | — | $325.0K | — | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.6% | Preferred Equity Units | — | $6.35M | — | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.0% | Common Equity Units | — | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.9% | Preferred Stock | — | $500.0K | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.9% | Preferred Stock Warrant | — | — | — | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 25.3% | Line of Credit | — | — | — | — | +7.00% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 0.4% | Common Units | — | — | — | — | — | — |
RPM Freight Systems, LLC | Cargo Transportation – 4.2% | Delayed Draw Term Loan | — | — | — | — | +7.70% | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 12.2% | Line of Credit | — | — | — | — | +6.40% | — |
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 – 17.5% | Line of Credit | — | — | — | — | +6.90% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 17.5% | Delayed Draw Term Loan | — | — | — | — | +6.90% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 32.4% | Line of Credit | — | — | — | — | +7.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 25.3% | Line of Credit | — | — | — | — | +7.10% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Preferred Stock | — | $2.75M | — | — | — | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 13.7% | Line of Credit | — | — | — | — | +6.40% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 13.7% | Term Debt | — | — | — | — | +6.40% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 13.7% | Delayed Draw Term Loan | — | — | — | — | +6.40% | — |