Recent Investments

Total Q3 2023 Investments: $7,820,000

All About People Logo

Funded $3.0 million of senior debt at 12% (+4% PIK) and $1.0 million preferred equity investment, which will carry a 12% dividend


First Coach Mulch Logo

Funded $3.4 million subordinated note at 13% and $420,000 interest earning convertible note

Total Q2 2023 Investments: $4,690,000

NEA Logo

Funded $4.3 million, consisting of $3.3 million of senior subordinated debt and $1.0 million of preferred equity


ITA logo

Follow on debt investment of $390,000

Total debt and equity investment in ITA had a fair value of $4.0 million at quarter-end

Total Q1 2023 Investments: $5,550,000

Pressure Pro Logo

Funded $3.0 million in subordinated debt


FSS - Food Service Supply logo

Follow on debt investment of $2.3 million in combination with an equity sale of $210,000

Total debt and equity investment in FSS had a fair value of $5.2 million at quarter-end


Tilson Logo

Equity investment of $250,000 in Tilson Technologies’ asset ownership affiliate SQF, LLC

Total debt and equity investment in Tilson and affiliated entities had a fair value of $10.6 million at quarter-end

Total Q4 2022 Investments: $3,884,000

Food Service Supply Logo

Funded $3.1 million, including $2.5 million senior subordinate debt and $600,000 preferred equity


Sci Aps Logo

Follow on debt investment of $590,000

Total debt and equity investment in SciAps had a fair value of $5.2 million at year-end


Seyberts Billiards Logo

Follow on equity investment of $194,000

Total debt and equity investment in Seyberts had a fair value of $5.9 million at year-end