Gladstone Capital · filed 2024-11-13
Total Fair Value
$805.61M
119 holdings
Unrealized P/L
+$62.76M
+8.45% vs cost
W. Avg Spread
+7.90%
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
$806M
Total Fair Value
- Diversified/Conglomerate Service – 30.9%18.1%
- Diversified/Conglomerate Manufacturing – 24.2%14.1%
- Healthcare, Education, and Childcare – 20.2%11.8%
- Aerospace and Defense – 19.7%11.5%
- Beverage, Food, and Tobacco – 15.2%8.9%
- Aerospace and Defense – 12.8%7.5%
- Diversified/Conglomerate Manufacturing – 6.9%4.0%
- Cargo Transportation – 4.3%2.5%
- Oil and Gas – 3.8%2.2%
- Automobile – 1.8%2.1%
- Other industries17.3%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
119 of 119
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Antenna Research Associates, Inc. | Aerospace and Defense – 12.8% | Common Equity Units | $59.42M | $4.28M | $55.14M | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 19.7% | Term Debt | $42.76M | $42.38M | $381.0K | — | +6.40% | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 20.2% | Term Debt | $32.00M | $31.68M | $317.0K | — | +6.80% | — |
Antenna Research Associates, Inc. | Aerospace and Defense – 19.7% | Term Debt | $31.27M | $31.27M | $0.00 | — | +10.00% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing – 6.9% | Term Debt | $30.00M | $30.00M | $0.00 | — | +11.10% | — |
Café Zupas | Beverage, Food, and Tobacco – 15.2% | Term Debt | $26.51M | $26.07M | $439.0K | — | +7.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 24.2% | Term Debt | $26.35M | $27.52M | -$1.17M | — | +7.00% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt | $26.01M | $25.48M | $535.0K | — | +8.50% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 20.2% | Term Debt | $23.33M | $23.16M | $169.0K | — | +8.00% | — |
ENET Holdings, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt | $21.97M | $22.29M | -$316.0K | — | +7.30% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt | $20.29M | $20.26M | $26.0K | — | +7.60% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 24.2% | Term Debt | $20.20M | $20.20M | $0.00 | — | +7.10% | — |
RPM Freight Systems, LLC | Cargo Transportation – 4.3% | Term Debt | $20.20M | $20.00M | $200.0K | — | +7.70% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 24.2% | Term Debt | $19.28M | $22.23M | -$2.95M | — | +8.30% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 24.2% | Term Debt #1 | $18.68M | $18.50M | $185.0K | — | +7.50% | — |
Imperative Holdings Corporation | Oil and Gas – 3.8% | Term Debt | $18.02M | $17.91M | $106.0K | — | +9.80% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 20.2% | Term Debt | $17.50M | $17.50M | $0.00 | — | +7.30% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 19.7% | Term Debt | $16.56M | $16.56M | $0.00 | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt #1 | $16.31M | $16.29M | $20.0K | — | +6.50% | — |
Arc Drilling Holdings LLC | Machinery – 3.6% | Term Debt | $16.00M | $16.00M | $0.00 | — | +7.00% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 20.2% | Term Debt #1 | $15.40M | $15.85M | -$453.0K | — | +8.00% | — |
Perimeter Solutions Group | Diversified/Conglomerate Service – 3.2% | Term Debt | $15.00M | $15.00M | $0.00 | — | +8.50% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 24.2% | Term Debt | $14.88M | $14.49M | $391.0K | — | +6.50% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 15.2% | Term Debt | $13.49M | $17.82M | -$4.34M | — | +7.80% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt | $13.46M | $13.32M | $133.0K | — | +7.10% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 30.9% | Term Debt | $13.39M | $13.00M | $390.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 3.4% | Term Debt #1 | $12.33M | $12.31M | $17.0K | — | — | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 24.2% | Term Debt | $12.27M | $12.13M | $137.0K | — | +9.50% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt #1 | $11.36M | $11.30M | $56.0K | — | +9.60% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 15.2% | Delayed Draw Term Loan | $10.85M | $10.69M | $157.0K | — | +9.10% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service – 2.9% | Preferred Stock | $9.95M | $7.00M | $2.95M | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 2.0% | Preferred Equity | $9.45M | $7.00M | $2.45M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile – 1.8% | Term Debt | $8.55M | $8.55M | $0.00 | — | +9.60% | — |
Defiance Integrated Technologies, Inc. | Automobile – 1.8% | Term Debt | $8.55M | — | — | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 15.2% | Term Debt | $8.50M | $8.50M | $0.00 | — | +6.80% | — |
Lonestar EMS, LLC | — | Common Units | $8.21M | — | — | — | — | — |
Café Zupas | Beverage, Food, and Tobacco – 15.2% | Delayed Draw Term Loan | $7.42M | $7.35M | $74.0K | — | +7.50% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 30.9% | Delayed Draw Term Loan | $6.78M | $6.78M | $0.00 | — | +7.10% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt | $6.70M | $6.50M | $195.0K | — | +6.90% | — |
Arc Drilling Holdings LLC | Machinery – 1.0% | Common Stock | $4.82M | $5.33M | -$517.0K | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 0.9% | Common Equity Units | $4.31M | $500.0K | $3.81M | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 0.9% | Common Equity Units | $4.31M | — | — | — | — | — |
Sea Link International IRB, Inc. | Automobile – 3.4% | Term Debt #2 | $4.08M | $4.08M | $0.00 | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 1.2% | Warrant | $4.00M | — | — | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 2.9% | Preferred Equity | $3.58M | $3.00M | $582.0K | — | — | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco – 0.7% | Term Debt | $3.24M | $3.68M | -$442.0K | — | +7.90% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service– 0.7% | Preferred Stock | $3.17M | $3.84M | -$672.0K | — | — | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service– 0.7% | Preferred Stock | $3.17M | — | — | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 20.2% | Term Debt #2 | $3.10M | $3.19M | -$91.0K | — | +8.00% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt #2 | $3.01M | $2.92M | $83.0K | — | +12.60% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.6% | Common Stock | $2.96M | $800.0K | $2.16M | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Common Stock | $2.96M | — | — | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile – 0.6% | Common Stock | $2.95M | $581.0K | $2.37M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.6% | Common Stock | $2.95M | — | — | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 0.9% | Common Stock | $2.73M | $1.50M | $1.23M | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt | $2.68M | $5.92M | -$3.23M | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 30.9% | Term Debt #2 | $2.41M | $2.40M | $3.0K | — | +7.50% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 15.2% | Delayed Draw Term Loan | $2.38M | $3.15M | -$765.0K | — | +7.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 6.9% | Term Debt #2 | $2.30M | $2.16M | $144.0K | — | — | — |
Imperative Holdings Corporation | Oil and Gas – 0.5% | Preferred Equity Units | $2.27M | $488.0K | $1.79M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.5% | Term Debt | $2.14M | $6.00M | -$3.86M | — | +2.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 20.2% | Line of Credit | $2.01M | $2.00M | $8.0K | — | +8.00% | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 19.7% | Line of Credit | $2.00M | $2.00M | $0.00 | — | +6.40% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 20.2% | Line of Credit | $1.68M | $1.73M | -$50.0K | — | +8.00% | — |
GSM MidCo LLC | Healthcare, Education, and Childcare – 1.2% | Common Stock | $1.58M | $767.0K | $816.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Line of Credit | $1.35M | $1.35M | $0.00 | — | +8.00% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 0.9% | Common Stock | $1.35M | $250.0K | $1.10M | — | — | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 0.3% | Common Equity | $1.23M | $750.0K | $484.0K | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 30.9% | Line of Credit | $1.20M | $1.20M | $0.00 | — | +6.50% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 15.2% | Line of Credit | $1.14M | $1.50M | -$365.0K | — | +7.80% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 24.2% | Delayed Draw Term Loan | $1.11M | $1.10M | $11.0K | — | +6.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 12.8% | Common Equity | $1.09M | $1.00M | $86.0K | — | — | — |
Cafe Zupas | Beverage, Food, and Tobacco – 15.2% | Line of Credit | $1.06M | $1.05M | $11.0K | — | +7.50% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 0.2% | Preferred Stock | $1.05M | $2.25M | -$1.20M | — | — | — |
Arc Drilling Holdings LLC | Machinery – 3.6% | Line of Credit | $1.00M | $1.00M | $0.00 | — | +7.00% | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Term Debt | $1.00M | $1.00M | $0.00 | — | +8.00% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 24.2% | 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 | $931.0K | $500.0K | $431.0K | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Preferred Stock | $931.0K | — | — | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 0.2% | Common Stock | $859.0K | $2.00M | -$1.14M | — | — | — |
Torrent Photonics Holdco LLC | Diversified/Conglomerate Manufacturing – 0.1% | Preferred Stock | $552.0K | $2.65M | -$2.10M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.5% | Line of Credit #1 | $471.0K | $1.32M | -$849.0K | — | +2.00% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $380.0K | $6.14M | -$5.76M | — | +5.50% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $380.0K | — | — | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 0.3% | Common Stock | $346.0K | $532.0K | -$186.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Preferred Stock | $220.0K | $98.0K | $122.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 2.0% | Preferred Stock | $167.0K | $75.0K | $92.0K | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.0% | Term Debt | $163.0K | $325.0K | -$162.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Common Equity Units | $160.0K | $823.0K | -$663.0K | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service – 30.9% | Line of Credit | $159.0K | $350.0K | -$191.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.5% | Line of Credit #2 | $115.0K | $323.0K | -$208.0K | — | +2.00% | — |
Total Safety Holdings, LLC | Oil and Gas – 0.0% | Common Equity | $101.0K | $499.0K | -$398.0K | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 0.9% | Common Warrant | $47.0K | — | — | — | — | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare – 1.2% | Limited Partnership Interest | $38.0K | — | — | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 1.2% | Common Stock | $34.0K | $2.00M | -$1.97M | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.1% | Convertible Debt | $32.0K | $198.0K | -$166.0K | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 20.2% | Line of Credit | — | — | — | — | +6.80% | — |
B+T Group Acquisition, Inc.(S) | Telecommunications – 0.0% | Preferred Stock | — | $2.02M | — | — | — | — |
ENET Holdings, LLC | Diversified/Conglomerate Service – 30.9% | Line of Credit | — | — | — | — | +7.30% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $5.47M | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.1% | Preferred Stock | — | — | — | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 24.2% | Line of Credit | — | — | — | — | +8.30% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 0.2% | 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 | — | — | — | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 30.9% | Line of Credit | — | — | — | — | +7.10% | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 2.9% | Preferred Stock | — | $500.0K | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 2.9% | Preferred Stock Warrant | — | — | — | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.0% | Preferred Stock | — | $1.02M | — | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 24.2% | Line of Credit | — | — | — | — | +7.00% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 0.2% | Common Units | — | — | — | — | — | — |
RPM Freight Systems, LLC | Cargo Transportation – 4.3% | Delayed Draw Term Loan | — | — | — | — | +7.70% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 15.2% | Line of Credit | — | — | — | — | +9.10% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 30.9% | Line of Credit | — | — | — | — | +6.90% | — |
Total Access Elevator, LLC | Diversified/Conglomerate Service – 30.9% | Delayed Draw Term Loan | — | — | — | — | +6.90% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 20.2% | Line of Credit | — | — | — | — | +7.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 24.2% | Line of Credit | — | — | — | — | +7.10% | — |
WB Xcel Holdings, LLC | — | Preferred Stock | — | — | — | — | — | — |
WB Xcel Holdings, LLC | — | Common Warrant | — | — | — | — | — | — |