Gladstone Investment Corporation Expands Investment in Nocturne Luxury Villas

MCLEAN, VA / ACCESSWIRE / August 5, 2024—Gladstone Investment Corporation (NASDAQ: GAIN) announced today that it has significantly expanded its investment in Nocturne Luxury Villas. The acquisition of Grand Cayman Villas and Condos (GCVC) is a key component of this strategic expansion. Through this transaction, Gladstone Investment has invested $18.5 million in secured first lien debt.

GCVC, established in 2006 by Jim Leavitt, manages over 180 exclusive properties in Grand Cayman. These properties range from luxurious 11-bedroom villas to cozy one-bedroom condos. All properties offer a full range of amenities and span locations from 7 Mile Beach to Rum Point.

"We are thrilled to welcome Grand Cayman Villas and Condos to our portfolio," stated Scott Wiseman, CEO of Nocturne Luxury Villas. "This acquisition enhances our offerings for discerning travelers, particularly in prime locations along 7 Mile Beach."

Erika Highland, Senior Managing Director of Gladstone Investment, remarked, "This investment complements Nocturne Luxury Villas' portfolio, including brands like Exceptional Stays and CaboVillas.com. Our total debt and equity investments in Nocturne now total $88.2 million."

Gladstone Investment Corporation, a publicly traded business development company, specializes in secured debt and equity investments in lower middle market private businesses in the U.S. For more information, visit www.gladstoneinvestment.com.