Capital Southwest Corporation
Inside Capital Southwest Corporation’s $46K private-credit portfolio — 10 portfolio holdings disclosed in SEC filings.
Filing Information
Portfolio Composition
Portfolio-wide breakdown by fair value across this BDC’s full Schedule of Investments. Source: SEC EDGAR (public).
Top Portfolio Holdings
| Company | Sector | Investment | Coupon | Maturity | Cost | Fair Value |
|---|---|---|---|---|---|---|
| CITYVET INC. | First Lien Senior Secured | SOFR + 7.00% | $44,351,000 | $44,190,000 | ||
| GUARDIAN FLEET SERVICES, INC. | First Lien Senior Secured | SOFR + 9.00% (PIK 1.75%) | $26,139,000 | $26,641,000 | ||
| 360 QUOTE TOPCO, LLC | First Lien Senior Secured | SOFR + 6.50% | $26,119,000 | $26,220,000 | ||
| INSURE HOMES CORPORATION | Senior Secured Debt Senior Secured | SOFR + 7.50% | $23,234,000 | $23,500,000 | ||
| MUENSTER MILLING COMPANY | First Lien Senior Secured | SOFR + 9.00% (PIK 12.81%) | $25,655,000 | $22,999,000 | ||
| AIR CONDITIONING SPECIALIST INC. | First Lien Senior Secured | SOFR + 5.50% | $22,117,000 | $22,158,000 | ||
| ITA Holdings Group, LLC | First Lien Senior Secured | — | $21,171,000 | |||
| ITA HOLDINGS GROUP, LLC | First Lien Senior Secured | SOFR + 7.00% | $21,150,000 | $21,171,000 | ||
| CENTRAL MEDICAL SUPPLY LLC | First Lien Senior Secured | SOFR + 7.00% | $20,482,000 | $20,616,000 | ||
| Central Medical Supply LLC | First Lien Senior Secured | — | $20,616,000 | |||
| LGM PHARMA LLC | First Lien Senior Secured | SOFR + 8.50% | $19,738,000 | $19,850,000 | ||
| ACCELERATION PARTNERS | First Lien Senior Secured | SOFR + 7.79% | $19,963,000 | $19,690,000 | ||
| ZENFOLIO INC. | First Lien Senior Secured | SOFR + 7.50% | $19,488,000 | $19,588,000 | ||
| UNWIRED BROADBAND, LLC | First Lien Senior Secured | SOFR + 6.25% | $18,588,000 | $18,540,000 | ||
| LIGHTNING INTERMEDIATE II, LLC | First Lien Senior Secured | SOFR + 6.25% | $18,734,000 | $18,300,000 | ||
| IGNITE VISIBILITY LLC | First Lien Senior Secured | SOFR + 6.75% | $18,122,000 | $18,224,000 | ||
| IGNITE VISIBILITY LLC | First Lien Senior Secured | SOFR + 4.75% | $18,122,000 | $18,224,000 | ||
| PYRAMIDS ACQUISITION, LLC | First Lien Senior Secured | SOFR + 5.75% | $18,187,000 | $18,172,000 | ||
| SUREKAP, LLC | First Lien Senior Secured | SOFR + 8.00% | $18,961,000 | $17,562,000 | ||
| SUREKAP, LLC | First Lien Senior Secured | SOFR + 6.00% | $18,963,000 | $17,562,000 | ||
| SUPERIOR HEALTH PARENT LLC | First Lien Senior Secured | SOFR + 6.25% | $17,390,000 | $17,290,000 | ||
| LASH OPCO, LLC | First Lien Senior Secured | SOFR + 7.00% (PIK 2.00%) | $18,294,000 | $17,149,000 | ||
| TMT BHC BUYER, INC. | First Lien Senior Secured | SOFR + 6.00% | $16,279,000 | $16,500,000 | ||
| WELL LABS PLUS, LLC | Senior Secured Debt Senior Secured | SOFR + 6.50% | $16,231,000 | $16,236,000 | ||
| ARMKO, LLC | First Lien Senior Secured | SOFR + 5.50% | $16,134,000 | $16,137,000 |
Loan-Pricing Trend
Fair-value-weighted average credit spread and average mark across this BDC’s Schedule-of-Investments debt holdings, by filing quarter. Spread and mark are shown in the units reported in the filing. Source: SEC EDGAR (public).
| Quarter | Priced Loans | Wtd-Avg Spread | Avg Mark | Debt Fair Value |
|---|---|---|---|---|
| 2022-06-30 | 16 | — | — | — |
| 2022-09-30 | 17 | — | — | — |
| 2022-12-31 | 17 | — | — | — |
| 2023-03-31 | 12 | — | — | — |
| 2023-06-30 | 120 | 7.48 | 96.5 | $882M |
| 2023-09-30 | 121 | 7.49 | 96.6 | $909M |
| 2023-12-31 | 120 | 7.61 | 97.1 | $865M |
| 2024-03-31 | 147 | 7.23 | 94.7 | $847M |
| 2024-06-30 | 137 | 7.17 | 94.0 | $776M |
| 2024-09-30 | 136 | 7.12 | 94.0 | $822M |
| 2024-12-31 | 148 | 7.01 | 93.7 | $864M |
| 2025-03-31 | 137 | 7.08 | 94.9 | $841M |
| 2025-06-30 | 133 | 7.08 | 95.4 | $872M |
| 2025-09-30 | 136 | 7.03 | 95.1 | $944M |
| 2025-12-31 | 159 | 7.13 | 95.8 | $1.3B |
| 2026-03-31 | 253 | 6.81 | 94.6 | $2.1B |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
About Capital Southwest Corporation
Capital Southwest Corporation (CSWC) is a publicly traded Business Development Company (BDC) — essentially a publicly listed fund that lends money to mid-sized private companies. In plain English: BDCs raise money from public investors and lend it to businesses that are too small for Wall Street banks. By law, they must pay out at least 90% of their profits as dividends, which is why BDC yields are often 8–12%. Capital Southwest Corporation discloses its full loan portfolio through SEC filings.
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