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Gladstone Investment Announces Sale Of Nocturne Luxury Villas To Calera Capital; Debt Fully Repaid, Significant Capital Gain Realized; Terms Not Disclosed

Author: Benzinga Newsdesk | March 11, 2025 03:34pm

Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Nocturne Luxury Villas, Inc. ("Nocturne" or the "Company") to an affiliate of Calera Capital. As a result of this transaction, Gladstone Investment received full repayment of its debt investment and realized a significant capital gain on its equity investment. Gladstone Investment formed Nocturne in partnership with Aureus Capital, LLC ("Aureus") in 2021.

Nocturne was formed as a platform to acquire and integrate luxury vacation rental management companies. The Company currently has operations in St. Barth's; Grand Cayman; Telluride, Colorado; Cabo San Lucas, Mexico; Santa Barbara, California; and Florida's Emerald Coast.

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