Gladstone Capital · filed 2024-05-01
Total Fair Value
$752.54M
111 holdings
Unrealized P/L
+$4.26M
+0.57% vs cost
W. Avg Spread
+8.11%
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
$753M
Total Fair Value
- Diversified/Conglomerate Service – 30.8%17.6%
- Healthcare, Education, and Childcare – 28.5%16.3%
- Diversified/Conglomerate Manufacturing – 26.9%15.4%
- Aerospace and Defense – 21.6%12.4%
- Beverage, Food, and Tobacco – 16.2%9.3%
- Diversified/Conglomerate Manufacturing – 8.4%4.5%
- Healthcare, Education, and Childcare – 6.7%3.8%
- Aerospace and Defense – 6.3%3.6%
- Oil and Gas – 4.6%2.6%
- Automobile – 3.7%2.2%
- Other industries12.2%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
111 of 111
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SpaceCo Holdings, LLC | Aerospace and Defense – 21.6% | Term Debt | $43.35M | $42.83M | $521.0K | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 28.5% | Term Debt | $32.89M | $32.56M | $326.0K | — | +7.00% | — |
Antenna Research Associates, Inc. | Aerospace and Defense – 21.6% | Term Debt | $30.64M | $30.64M | $0.00 | — | +10.00% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing – 8.4% | Term Debt | $30.00M | $30.00M | $0.00 | — | +10.10% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 6.7% | Term Debt | $28.80M | $28.80M | $0.00 | — | — | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare – 28.5% | Term Debt #1 | $28.00M | $27.97M | $28.0K | — | +7.50% | — |
Café Zupas | Beverage, Food, and Tobacco – 16.2% | Term Debt | $26.51M | $26.25M | $263.0K | — | +7.00% | — |
Antenna Research Associates, Inc. | Aerospace and Defense – 6.3% | Common Equity Units | $26.51M | $4.28M | $22.23M | — | — | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $26.01M | $25.50M | $510.0K | — | +8.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 26.9% | Term Debt | $25.66M | $27.34M | -$1.68M | — | +7.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 28.5% | Term Debt | $23.69M | $23.00M | $690.0K | — | +8.00% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 26.9% | Term Debt | $22.05M | $21.83M | $219.0K | — | +8.30% | — |
ENET Holdings, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $21.21M | $22.29M | -$1.07M | — | +8.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 26.9% | Term Debt | $20.81M | $20.42M | $393.0K | — | +7.10% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $20.14M | $20.18M | -$43.0K | — | +7.60% | — |
Imperative Holdings Corporation | Oil and Gas – 4.6% | Term Debt | $19.71M | $19.39M | $321.0K | — | +9.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 26.9% | Term Debt | $18.87M | $18.50M | $370.0K | — | +7.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 21.6% | Term Debt | $17.15M | $17.15M | $0.00 | — | +8.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 16.2% | Term Debt | $16.71M | $17.37M | -$660.0K | — | +7.80% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 28.5% | Term Debt #1 | $15.66M | $15.92M | -$264.0K | — | +8.00% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 26.9% | Term Debt | $14.96M | $14.54M | $426.0K | — | +6.50% | — |
Gray Matter Systems, LLC | Diversified/Conglomerate Service – 6.7% | Term Debt | $13.77M | $13.71M | $58.0K | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 30.8% | Term Debt | $13.00M | $13.00M | $0.00 | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $12.46M | $12.09M | $363.0K | — | +8.10% | — |
Sea Link International IRB, Inc. | Automobile – 3.7% | Term Debt #1 | $12.14M | $12.18M | -$38.0K | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing – 26.9% | Term Debt | $11.77M | $11.68M | $90.0K | — | +9.50% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $11.52M | $11.30M | $222.0K | — | +9.60% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 16.2% | Delayed Draw Term Loan | $10.77M | $10.67M | $97.0K | — | +9.10% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 28.5% | Term Debt | $10.74M | $11.00M | -$261.0K | — | +7.30% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt #1 | $10.00M | $9.97M | $26.0K | — | +8.30% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service – 3.0% | Preferred Stock | $9.95M | $7.00M | $2.95M | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 2.2% | Preferred Equity | $9.45M | $7.00M | $2.45M | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 16.2% | Term Debt | $8.50M | $8.50M | $0.00 | — | +6.80% | — |
Defiance Integrated Technologies, Inc. | Automobile– 1.7% | Term Debt | $7.34M | $7.34M | $0.00 | — | +9.60% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 30.8% | Delayed Draw Term Loan | $6.90M | $6.90M | $0.00 | — | +8.10% | — |
Arc Drilling Holdings LLC | Machinery – 1.4% | Term Debt | $6.18M | $6.12M | $58.0K | — | +11.50% | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare – 28.5% | Term Debt #2 | $5.00M | $5.00M | $5.0K | — | +7.50% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service – 1.1% | Preferred Stock | $4.73M | $3.84M | $890.0K | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare – 1.5% | Warrant | $4.27M | $19.0K | $4.25M | — | — | — |
Tailwind Smith Cooper Intermediate Corporation | Diversified/Conglomerate Manufacturing – 8.4% | Term Debt | $4.20M | $4.87M | -$671.0K | — | +9.00% | — |
Sea Link International IRB, Inc. | Automobile – 3.7% | Term Debt #2 | $4.04M | $4.04M | $0.00 | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing – 0.9% | Common Equity Units | $3.97M | $500.0K | $3.47M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile– 0.9% | Common Stock | $3.75M | $580.0K | $3.17M | — | — | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco – 0.8% | Term Debt | $3.31M | $3.68M | -$368.0K | — | +7.90% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 28.5% | Term Debt #2 | $3.16M | $3.22M | -$53.0K | — | +8.00% | — |
DKI Ventures, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $3.05M | $5.92M | -$2.87M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.9% | Term Debt | $3.04M | $6.00M | -$2.96M | — | +2.00% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service – 3.0% | Preferred Equity | $3.00M | $3.00M | $0.00 | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 16.2% | Delayed Draw Term Loan | $2.95M | $3.06M | -$117.0K | — | +7.80% | — |
Café Zupas | Beverage, Food, and Tobacco – 16.2% | Delayed Draw Term Loan | $2.83M | $2.80M | $28.0K | — | +7.00% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.7% | Common Stock | $2.82M | $800.0K | $2.02M | — | — | — |
ENET Holdings, LLC | Diversified/Conglomerate Service – 30.8% | Line of Credit | $2.50M | $2.38M | $122.0K | — | +8.30% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service – 30.8% | Line of Credit | $2.40M | $2.40M | $0.00 | — | +8.10% | — |
Imperative Holdings Corporation | Oil and Gas – 0.5% | Preferred Equity Units | $2.21M | $488.0K | $1.72M | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 28.5% | Line of Credit | $2.06M | $2.00M | $60.0K | — | +8.00% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 0.5% | Preferred Stock | $2.01M | $2.25M | -$244.0K | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 21.6% | Line of Credit | $2.00M | $2.00M | $0.00 | — | +6.90% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Manufacturing – 0.4% | Term Debt #1 | $1.94M | $6.14M | -$4.20M | — | +5.50% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare – 28.5% | Line of Credit | $1.70M | $1.73M | -$29.0K | — | +8.00% | — |
GSM MidCo LLC | Healthcare, Education, and Childcare – 1.5% | Common Stock | $1.63M | $767.0K | $867.0K | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt #2 | $1.63M | $1.60M | $34.0K | — | +9.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco – 16.2% | Line of Credit | $1.44M | $1.50M | -$57.0K | — | +7.80% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 0.6% | Common Stock | $1.42M | $250.0K | $1.17M | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco – 0.6% | Common Stock | $1.34M | $1.50M | -$157.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Line of Credit | $1.29M | $1.27M | $11.0K | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 30.8% | Line of Credit | $1.20M | $1.20M | $0.00 | — | +6.50% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 26.9% | Delayed Draw Term Loan | $1.11M | $1.10M | $11.0K | — | +6.50% | — |
GFRC 360, LLC | Buildings and Real Estate – 0.5% | Term Debt | $1.01M | $1.00M | $9.0K | — | +8.00% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.2% | Preferred Stock | $897.0K | $500.0K | $397.0K | — | — | — |
Ohio Armor Holdings, LLC | Aerospace and Defense – 6.3% | Common Equity | $791.0K | $1.00M | -$209.0K | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing – 26.9% | Line of Credit | $763.0K | $756.0K | $7.0K | — | +6.50% | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.9% | Line of Credit #1 | $670.0K | $1.32M | -$650.0K | — | +2.00% | — |
Arc Drilling Holdings LLC | Machinery – 0.1% | Common Stock | $295.0K | $1.50M | -$1.21M | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service – 0.1% | Common Stock | $293.0K | $532.0K | -$239.0K | — | — | — |
FES Resources Holdings LLC | Oil and Gas – 0.1% | Term Debt | $288.0K | $325.0K | -$37.0K | — | — | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service – 30.8% | Term Debt | $252.0K | $252.0K | $0.00 | — | +7.00% | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare – 1.5% | Limited Partnership Interest | $246.0K | — | — | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 1.5% | Common Stock | $230.0K | $2.00M | -$1.77M | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.1% | Preferred Stock | $200.0K | $98.0K | $102.0K | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service – 30.8% | Line of Credit | $180.0K | $350.0K | -$170.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco – 2.2% | Preferred Stock | $154.0K | $75.0K | $79.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.9% | Line of Credit #2 | $143.0K | $281.0K | -$138.0K | — | +7.30% | — |
Total Safety Holdings, LLC | Oil and Gas – 0.1% | Common Equity | $139.0K | $499.0K | -$360.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile – 0.0% | Common Equity Units | $118.0K | $823.0K | -$705.0K | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service – 0.0% | Convertible Debt | $33.0K | $198.0K | -$165.0K | — | +6.00% | — |
Funko Acquisition Holdings, LLC(S) | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Common Units | $18.0K | $22.0K | -$4.0K | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare – 28.5% | Line of Credit | — | — | — | — | +7.00% | — |
Arc Drilling Holdings LLC | Machinery – 1.4% | Line of Credit | — | — | — | — | +11.50% | — |
B+T Group Acquisition, Inc.(S) | Telecommunications – 0.0% | Preferred Stock | — | $2.02M | — | — | — | — |
Café Zupas | Beverage, Food, and Tobacco – 16.2% | 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 – 26.9% | Line of Credit | — | — | — | — | +8.30% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing – 0.0% | 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 – 0.1% | 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 | — | — | — | — | — | — |
GFRC 360, LLC | Buildings and Real Estate – 0.0% | Preferred Stock | — | $1.02M | — | — | — | — |
Lonestar EMS, LLC | — | Delayed Draw Term Loan | — | — | — | — | +7.00% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 26.9% | Line of Credit | — | — | — | — | +7.00% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing – 0.0% | Common Stock | — | $2.00M | — | — | — | — |
OCI, LLC | Diversified/Conglomerate Manufacturing – 0.0% | Common Units | — | — | — | — | — | — |
Perimeter Solutions Group | — | Term Debt | — | — | — | — | +8.50% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco – 16.2% | Line of Credit | — | — | — | — | +9.10% | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $2.50M | — | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense – 21.6% | Term Debt | — | — | — | — | +6.90% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare – 28.5% | Delayed Draw Term Loan | — | — | — | — | +8.00% | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service – 30.8% | Line of Credit | — | — | — | — | +7.00% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare – 28.5% | Line of Credit | — | — | — | — | +7.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing – 26.9% | Line of Credit | — | — | — | — | +7.10% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Preferred Stock | — | $2.75M | — | — | — | — |