PM Images Gladstone Capital (NASDAQ:GLAD) is a business development company ('BDC') that concentrates on US lower middle-market companies through debt investments (primarily) and equity investments. Its target entities typically have EBITDA ranging from $3m to $25m. GLAD is a relatively small BDC with a total investment value (at fair value) of $757.7m. I've recently covered its affiliated entity - Gladstone Investment (GAIN), which faces some issues with: · high non-accruals · potential market turmoil · we ...