Gladstone Capital · filed 2025-02-11
Total Fair Value
$792.49M
112 holdings
Unrealized P/L
-$9.13M
-1.14% vs cost
W. Avg Spread
+7.62%
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
$792M
Total Fair Value
- Healthcare, Education, and Childcare – 38.0%23.0%
- Diversified/Conglomerate Service – 26.3%15.9%
- Diversified/Conglomerate Manufacturing – 23.2%14.0%
- Beverage, Food, and Tobacco – 14.8%9.0%
- Aerospace and Defense – 12.7%7.7%
- Diversified/Conglomerate Manufacturing – 7.8%4.7%
- Healthcare, Education, and Childcare – 4.8%2.9%
- Cargo Transportation – 4.2%2.5%
- Automobile – 3.6%2.2%
- Oil and Gas – 3.6%2.2%
- Other industries15.7%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
112 of 112
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Vet's Choice Radiology LLC | Healthcare, Education, and Childcare – 38.0% | Term Debt | $42.75M | $42.75M | $0.00 | — | +7.00% | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 12.7% | Term Debt | $42.46M | $42.15M | $308.0K | — | +6.40% | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 38.0% | Term Debt | $32.00M | $31.68M | $317.0K | — | +6.80% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt | $30.00M | $30.00M | $0.00 | — | +11.10% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt | $29.07M | $28.48M | $594.0K | — | +8.50% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 38.0% | Term Debt | $28.88M | $28.88M | $0.00 | — | +6.00% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 23.2% | Term Debt | $26.89M | $27.59M | -$695.0K | — | +7.00% | — |
Café Zupas | Beverage, Food, and Tobacco – 14.8% | Term Debt | $26.25M | $26.09M | $165.0K | — | +7.50% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 38.0% | Term Debt #1 | $23.70M | $23.31M | $386.0K | — | +8.00% | — |
Pan-Am Dental, LLC | Healthcare, Education, and Childcare – 4.8% | Term Debt | $23.00M | $23.00M | $0.00 | — | — | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt | $20.32M | $20.30M | $21.0K | — | +7.60% | — |
RPM Freight Systems, LLC | Cargo Transportation – 4.2% | Term Debt | $20.20M | $20.00M | $200.0K | — | +7.70% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 23.2% | Term Debt | $20.09M | $20.09M | $0.00 | — | +7.10% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 38.0% | Term Debt | $19.45M | $19.73M | -$279.0K | — | +8.00% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 23.2% | Term Debt | $18.40M | $22.41M | -$4.01M | — | +8.30% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 38.0% | Term Debt | $17.50M | $17.50M | $0.00 | — | +7.30% | — |
Imperative Holdings Corporation | Oil and Gas – 3.6% | Term Debt | $17.27M | $17.14M | $121.0K | — | +9.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 23.2% | Term Debt #1 | $16.66M | $16.50M | $165.0K | — | +7.50% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt | $16.65M | $16.36M | $287.0K | — | +9.60% | — |
Arc Drilling Holdings LLC | Machinery – 3.6% | Term Debt | $16.32M | $16.00M | $320.0K | — | +7.00% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 12.7% | Term Debt | $16.27M | $16.27M | $0.00 | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt #1 | $16.16M | $16.14M | $18.0K | — | +6.50% | — |
Freedom Dental Management, Inc. | Healthcare, Education, and Childcare – 38.0% | Term Debt | $15.00M | $15.00M | $0.00 | — | +7.30% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 23.2% | Term Debt | $14.85M | $14.41M | $438.0K | — | +6.50% | — |
Sea Link International IRB, Inc. | Automobile – 3.6% | Term Debt #1 | $13.52M | $13.50M | $14.0K | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 14.8% | Term Debt | $13.39M | $17.97M | -$4.58M | — | +7.80% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 26.3% | Term Debt | $13.26M | $13.00M | $260.0K | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt | $13.25M | $13.25M | $0.00 | — | +7.10% | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 23.2% | Term Debt | $12.24M | $12.10M | $139.0K | — | +9.50% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing – 2.4% | Common Units | $11.66M | $6.75M | $4.91M | — | — | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 14.8% | Term Debt | $10.50M | $10.50M | $0.00 | — | — | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service – 3.0% | Preferred Stock | $9.95M | $7.00M | $2.95M | — | — | — |
Café Zupas | Beverage, Food, and Tobacco – 14.8% | Delayed Draw Term Loan | $9.80M | $9.80M | $0.00 | — | +7.50% | — |
Defiance Integrated Technologies, Inc. | Automobile– 1.8% | Term Debt | $8.47M | $8.47M | $0.00 | — | +9.60% | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 2.2% | Common Stock | $8.46M | $1.50M | $6.96M | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 26.3% | Delayed Draw Term Loan | $6.74M | $6.74M | $0.00 | — | +7.10% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt | $6.70M | $6.50M | $195.0K | — | +6.90% | — |
Arc Drilling Holdings LLC | Machinery – 1.3% | Common Stock | $6.32M | $5.33M | $986.0K | — | — | — |
Pan-Am Dental, LLC | Healthcare, Education, and Childcare – 1.6% | Preferred Stock | $5.91M | $5.91M | $0.00 | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 14.8% | Term Debt | $5.50M | $5.50M | $0.00 | — | +6.80% | — |
Gladstone Alternative Income Fund | Finance – 1.0% | Common Stock | $5.00M | $5.00M | $0.00 | — | — | — |
Tube Bending Technology, LLC | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt | $5.00M | $5.00M | $0.00 | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 1.4% | Warrant | $4.92M | — | — | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 1.0% | Common Equity Units | $4.78M | $500.0K | $4.28M | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 3.0% | Preferred Equity | $4.37M | $3.00M | $1.37M | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing – 2.4% | Term Debt | $4.20M | $4.14M | $64.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 3.6% | Term Debt #2 | $4.10M | $4.10M | $0.00 | — | — | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco – 0.7% | Term Debt | $3.37M | $3.68M | -$313.0K | — | +7.90% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service – 0.7% | Preferred Stock | $3.19M | $3.84M | -$654.0K | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.6% | Common Stock | $2.93M | $800.0K | $2.13M | — | — | — |
Imperative Holdings Corporation | Oil and Gas – 0.5% | Preferred Equity Units | $2.54M | $488.0K | $2.05M | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 12.7% | Line of Credit | $2.50M | $2.50M | $0.00 | — | +6.40% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 14.8% | Line of Credit #1 | $2.46M | $3.30M | -$840.0K | — | +7.80% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 14.8% | Delayed Draw Term Loan | $2.36M | $3.17M | -$808.0K | — | +7.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 7.8% | Term Debt #2 | $2.32M | $2.20M | $118.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.6% | Term Debt | $2.29M | $6.00M | -$3.71M | — | +2.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 26.3% | Term Debt #2 | $2.26M | $2.25M | $2.0K | — | +7.50% | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing – 0.4% | Preferred Stock | $2.14M | $2.65M | -$508.0K | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 0.4% | Common Stock | $2.12M | $2.00M | $117.0K | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 38.0% | Line of Credit | $2.03M | $2.00M | $27.0K | — | +8.00% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 2.2% | Common Stock | $1.84M | $250.0K | $1.59M | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 1.6% | Preferred Stock | $1.76M | $2.60M | -$841.0K | — | — | — |
GSM MidCo LLC | Healthcare, Education, and Childcare – 1.4% | Common Stock | $1.58M | $767.0K | $816.0K | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 0.4% | Common Stock | $1.44M | $750.0K | $688.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Line of Credit | $1.37M | $1.35M | $16.0K | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 26.3% | Line of Credit | $1.20M | $1.20M | $0.00 | — | +6.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 0.2% | Common Equity | $1.13M | $1.00M | $129.0K | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 23.2% | Delayed Draw Term Loan | $1.10M | $1.09M | $11.0K | — | +6.50% | — |
Café Zupas | Beverage, Food, and Tobacco – 14.8% | Line of Credit | $1.05M | $1.05M | $0.00 | — | +7.50% | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Term Debt | $1.01M | $1.00M | $12.0K | — | +8.00% | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.2% | Common Stock | $1.01M | $581.0K | $427.0K | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 38.0% | Line of Credit | $992.0K | $1.01M | -$15.0K | — | +8.00% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 23.2% | Line of Credit | $978.0K | $978.0K | $0.00 | — | +6.50% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Preferred Stock | $950.0K | $500.0K | $450.0K | — | — | — |
Arc Drilling Holdings LLC | Machinery – 3.6% | Line of Credit | $765.0K | $750.0K | $15.0K | — | +7.00% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 26.3% | Line of Credit | $750.0K | $750.0K | $0.00 | — | +7.10% | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.6% | Line of Credit #1 | $503.0K | $1.32M | -$817.0K | — | +2.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 0.4% | Common Stock | $375.0K | $532.0K | -$157.0K | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $336.0K | $6.14M | -$5.80M | — | +5.50% | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Common Equity Units | $330.0K | $823.0K | -$493.0K | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 0.1% | Term Debt #2 | $326.0K | $322.0K | $4.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Preferred Stock | $231.0K | $98.0K | $133.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 0.0% | Preferred Stock | $174.0K | $75.0K | $99.0K | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 2.2% | Common Warrant | $147.0K | — | — | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.6% | Line of Credit #2 | $123.0K | $323.0K | -$200.0K | — | +2.00% | — |
Total Safety Holdings, LLC | Oil and Gas – 0.0% | Common Equity | $120.0K | $499.0K | -$379.0K | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.0% | Term Debt | $80.0K | $325.0K | -$245.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.0% | Preferred Stock | $74.0K | $1.02M | -$951.0K | — | — | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare – 1.4% | Limited Partnership Interest | $37.0K | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.0% | Convertible Debt | $33.0K | $198.0K | -$165.0K | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 38.0% | Line of Credit | — | — | — | — | +6.80% | — |
B+T Group Acquisition, Inc.(S) | Telecommunications – 0.0% | Preferred Stock | — | $2.02M | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $5.47M | — | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 23.2% | Line of Credit | — | — | — | — | +8.30% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 0.4% | Common Stock | — | $3.00M | — | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.5% | Preferred Equity Units | — | $6.35M | — | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.0% | Common Equity Units | — | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 3.0% | Preferred Stock | — | $500.0K | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 3.0% | Preferred Stock Warrant | — | — | — | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 23.2% | 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% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 1.4% | Common Stock | — | $2.00M | — | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 1.4% | Common Warrants | — | — | — | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 26.3% | Line of Credit | — | — | — | — | +6.90% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 26.3% | Delayed Draw Term Loan | — | — | — | — | +6.90% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 38.0% | Line of Credit | — | — | — | — | +7.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 23.2% | 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 – 14.8% | Line of Credit | — | — | — | — | +7.30% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 14.8% | Term Debt | — | — | — | — | +7.30% | — |
Wings ‘N More Restaurants LLC | Beverage, Food, and Tobacco – 14.8% | Delayed Draw Term Loan | — | — | — | — | +7.30% | — |