DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
BDC portfolio
Gladstone Investment Corporation\De
BDCGAIN, GAING, GAINI, GAINZCIK 1321741file 814-00704MCLEAN, VAmanaged by Gladstone Management Corporation
Fair value
$1.1B
as of Jun 30, 2026
Principal held
$611M
debt pieces, the filer's figure
Cost
$853M
127c on cost
Unfunded
n/a
commitments not yet drawn
Positions
75
29 borrowers
First lien
n/a
51% debt by fair value
Quarters on the tape
17
since Mar 31, 2022
Facilities held
59
0 sponsors financed
Portfolio through time
Fair value by quarter end$1.1B as of Jun 30, 2026
Mar 31, 2022$808M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $1.1B | 29 | 90c | 0 | 732 bp |
| Mar 31, 2026 | $1.6B | 31 | 90c | 0 | 759 bp |
| Dec 31, 2025 | $1.2B | 29 | 92c | 0 | 751 bp |
| Sep 30, 2025 | $1.1B | 28 | 93c | 0 | 749 bp |
| Jun 30, 2025 | $1.0B | 27 | 90c | 0 | 745 bp |
| Mar 31, 2025 | $1.3B | 29 | 91c | 0 | 698 bp |
| Dec 31, 2024 | $1.1B | 28 | 91c | 0 | 772 bp |
| Sep 30, 2024 | $851M | 22 | 89c | 0 | 789 bp |
| Jun 30, 2024 | $896M | 23 | 92c | 0 | 791 bp |
| Mar 31, 2024 | $1.2B | 25 | 93c | 0 | 779 bp |
| Dec 31, 2023 | $903M | 26 | 92c | 0 | 785 bp |
| Sep 30, 2023 | $916M | 27 | 94c | 0 | 807 bp |
| Jun 30, 2023 | $797M | 26 | 94c | 0 | 866 bp |
| Mar 31, 2023 | $924M | 27 | 91c | 0 | 853 bp |
| Dec 31, 2022 | $760M | 26 | 94c | 0 | 858 bp |
| Nov 30, 2022 | n/a | 1 | n/a | 0 | n/a |
| Sep 30, 2022 | $738M | 27 | 92c | 0 | 842 bp |
| Aug 31, 2022 | n/a | 1 | n/a | 0 | n/a |
| Jul 31, 2022 | n/a | 1 | n/a | 0 | n/a |
| Jun 30, 2022 | n/a | 2 | n/a | 0 | n/a |
| Mar 31, 2022 | $808M | 28 | 97c | 0 | 828 bp |
| Jun 30, 2021 | n/a | 1 | n/a | 0 | n/a |
| Mar 31, 2021 | n/a | 1 | n/a | 0 | n/a |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
What changed
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Mar 31, 2026
- Spread increasedMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New borrower on a BDC scheduleDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- New borrower on a BDC scheduleSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
Largest facilities held, with co-lenders
- Detroit Defense, Inc other1 BDC hold it$61.3M 100c
- Horizon Facilities Services, Inc other1 BDC hold it$57.7M 27c
- SFEG Holdings, Inc other1 BDC hold it$54.6M 100c
- Nielsen-Kellerman Acquisition Corp other1 BDC hold it$48.1M 100c
- Global GRAB Technologies other1 BDC hold it$46.5M 100c
- Dema other1 BDC hold it$38.3M 100c
- Smart Chemical Solutions, LLC other1 BDC hold it$35.7M 100c
- The E3 Company, LLC other1 BDC hold it$33.8M 100c
- Educators Resource, Inc other1 BDC hold it$30.0M 100c
- Rowan Energy Inc other1 BDC hold it$25.8M 100c
- Galaxy Technologies Holdings, Inc other1 BDC hold it$25.7M 100c
- Mason West, LLC other1 BDC hold it$25.3M 100c
Schedule of investments at Jun 30, 2026
75 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| SFEG Holdings, Inc. | equity equity | n/a | $167M 544c | ||
| Schylling, Inc. | preferred equity equity | n/a | $69.8M 1746c | ||
| Detroit Defense, Inc. | unstated lien unstated | $61.3M | $61.3M 100c | S+900 bp | |
| The E3 Company, LLC | preferred equity equity | n/a | $59.9M 534c | ||
| SFEG Holdings, Inc. | unstated lien unstated | $54.6M | $54.6M 100c | S+700 bp | |
| Brunswick Bowling Products, Inc. | preferred equity equity | n/a | $52.4M 787c | ||
| Nielsen-Kellerman Acquisition Corp. | unstated lien unstated | $48.1M | $48.1M 100c | S+850 bp | |
| Global GRAB Technologies | unstated lien unstated | $46.5M | $46.5M 100c | S+900 bp | |
| Dema/Mai Holdings, Inc | unstated lien unstated | $38.3M | $38.3M 100c | S+1100 bp | |
| Smart Chemical Solutions, LLC | unstated lien unstated | $35.7M | $35.7M 100c | S+900 bp | |
| The E3 Company, LLC | unstated lien unstated | $33.8M | $33.8M 100c | S+900 bp | |
| Educators Resource, Inc. | unstated lien unstated | $30.0M | $30.0M 100c | S+1050 bp | |
| UPB Acquisition, Inc. | preferred equity equity | n/a | $29.6M 493c | ||
| Dema/Mai Holdings, Inc | preferred equity equity | n/a | $26.6M 127c | ||
| Rowan Energy Inc. | unstated lien unstated | $25.8M | $25.8M 100c | S+900 bp | |
| Mason West, LLC | unstated lien unstated | $25.3M | $25.3M 100c | S+1000 bp | |
| ImageWorks Display and Marketing Group, Inc. | unstated lien unstated | $22.0M | $22.0M 100c | ||
| Global GRAB Technologies, Inc. | preferred equity equity | n/a | $21.1M 100c | ||
| Mason West, LLC | preferred equity equity | n/a | $20.0M 179c | ||
| Galaxy Technologies Holdings, Inc. | unstated lien unstated | $18.8M | $18.8M 100c | S+700 bp | |
| Brunswick Bowling Products, Inc. | unstated lien unstated | $17.7M | $17.7M 100c | S+1000 bp | |
| Schylling, Inc. | unstated lien unstated | $17.0M | $17.0M 100c | S+1100 bp | |
| Horizon Facilities Services, Inc. | unstated lien unstated | $57.7M | $15.8M 27c | S+50 bp | |
| Nielsen-Kellerman Acquisition Corp. | preferred equity equity | n/a | $14.9M 67c | ||
| Ginsey Home Solutions, Inc. | preferred equity equity | n/a | $13.6M 142c | ||
| Galaxy Technologies Holdings, Inc. | equity equity | n/a | $12.6M 110c | ||
| Ginsey Home Solutions, Inc. | unstated lien unstated | $12.2M | $12.2M 100c | S+1000 bp | |
| Educators Resource, Inc. | preferred equity equity | n/a | $11.8M 138c | ||
| Sun State Nursery and Landscaping, LLC | unstated lien unstated | $9.5M | $9.5M 100c | S+900 bp | |
| Smart Chemical Solutions, LLC | preferred equity equity | n/a | $8.9M 65c | ||
| Galaxy Technologies Holdings, Inc. | unstated lien unstated | $6.9M | $6.9M 100c | S+410 bp | |
| Brunswick Bowling Products, Inc. | unstated lien unstated | $6.8M | $6.8M 100c | S+1000 bp | |
| Gladstone Alternative Income Fund. | equity equity | n/a | $4.9M 99c | ||
| The Maids International, LLC | preferred equity equity | n/a | $4.9M 74c | ||
| Diligent Delivery Systems | unstated lien unstated | $13.0M | $4.3M 33c | S+900 bp | |
| Sun State Nursery and Landscaping, LLC | preferred equity equity | n/a | $4.3M 140c | ||
| Rowan Energy Inc. | preferred equity equity | n/a | $4.1M 56c | ||
| Pyrotek Special Effects, Inc.. | preferred equity equity | n/a | $3.6M 51c | ||
| B+T Group Acquisition, Inc. | unstated lien unstated | $14.0M | $3.3M 24c | S+200 bp | |
| Phoenix Door Systems, Inc. | unstated lien unstated | $3.2M | $3.2M 100c | S+1100 bp | |
| B+T Group Acquisition, Inc. - Line of Credit | unstated lien unstated | $3.1M | $3.1M 100c | S+200 bp | |
| Home Concepts Acquisition, Inc. | unstated lien unstated | $3.0M | $3.0M 100c | S+900 bp | |
| Phoenix Door Systems, Inc - Line of Credit | unstated lien unstated | $3.0M | $3.0M 100c | S+700 bp | |
| PSI Molded Plastics, Inc. - Line of Credit | unstated lien unstated | $2.0M | $2.0M 100c | S+100 bp | |
| Detroit Defense, Inc. | preferred equity equity | n/a | $1.8M 10c | ||
| B+T Group Acquisition, Inc. - Line of Credit | unstated lien unstated | $1.1M | $1.1M 100c | S+200 bp | |
| PSI Molded Plastics, Inc. | unstated lien unstated | $400,000 | $400,000 100c | S+100 bp | |
| Home Concepts Acquisition, Inc. | preferred equity equity | n/a | $311,000 9c | ||
| Phoenix Door Systems, Inc. | equity equity | n/a | $136,000 7c | ||
| Horizon Facilities Services, Inc. | preferred equity equity | n/a | $0 | ||
| B+T Group Acquisition, Inc. | preferred equity equity | n/a | $0 0c | ||
| Diligent Delivery Systems | warrants equity | n/a | $0 0c | ||
| Edge Adhesives Holdings, Inc. | preferred equity equity | n/a | $0 0c | ||
| B+T Group Acquisition, Inc. | warrants equity | n/a | $0 | ||
| Ginsey Home Solutions, Inc. | equity equity | n/a | $0 0c | ||
| B+T Group Acquisition, Inc. | preferred equity equity | n/a | n/a | ||
| Old World Christmas, Inc. | unstated lien unstated | n/a | n/a | ||
| PSI Molded Plastics, Inc. | preferred equity equity | n/a | n/a | ||
| Edge Adhesives Holdings, Inc. | preferred equity equity | n/a | n/a | ||
| Nielsen-Kellerman Acquisition Corp. | preferred equity equity | n/a | n/a | ||
| ImageWorks Display and Marketing Group, Inc. | unstated lien unstated | n/a | n/a | ||
| Pyrotek Special Effects, Inc. | unstated lien unstated | n/a | n/a | ||
| The Maids International, LLC | preferred equity equity | n/a | n/a | ||
| J.R. Hobbs Co. - Atlanta, LLC | unstated lien unstated | n/a | n/a | ||
| ImageWorks Display and Marketing Group, Inc. | preferred equity equity | n/a | n/a | ||
| J.R. Hobbs Co. - Atlanta, LLC | preferred equity equity | n/a | n/a | ||
| UPB Acquisition, Inc. | unstated lien unstated | n/a | n/a | ||
| Pyrotek Special Effects, Inc. | preferred equity equity | n/a | n/a | ||
| The Maids International, LLC | unstated lien unstated | n/a | n/a | ||
| Gladstone Alternative Income Fund | equity equity | n/a | n/a | ||
| B+T Group Acquisition, Inc. | warrants equity | n/a | n/a | ||
| Edge Adhesives Holdings, Inc | unstated lien unstated | n/a | n/a | ||
| UPB Acquisition, Inc. | preferred equity equity | n/a | n/a | ||
| Old World Christmas, Inc. | preferred equity equity | n/a | n/a | ||
| Dreyfus Treasury Obligations Cash Management Fund | unstated lien unstated | n/a | n/a | 3.29% |
Page 1 of 1
Registration
- Fiscal year end
- 0331reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2012 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001321741-26-000017reported