60+ day delinquency reached 4.2%, crossing the 3.5% covenant threshold.
MONDAY, AUGUST 24
Good morning, Maya.
Here’s what changed across Northstar’s portfolio.
Portfolio revenue
$212M12.6% vs. prior year
Aggregate EBITDA
$31.4M3.8% vs. prior quarter
Portfolio value
$486M1.7× gross MOIC
Open watch items
42 new since Friday
1 critical3 watch
Portfolio map
Company size reflects LTM revenue. Color reflects current health.
On trackWatchAt riskClick a company to drill down
LIVE BRIEFING
Since Friday
Atlas Freight finally accepted an executive meeting for Thursday.
Big Agnes raised flagship tent prices ~8% while reviews slipped 0.3 stars.
Portfolio companies
Operating health and latest performance against plan.
| Company | Health | LTM revenue | YoY growth | EBITDA | Key signal | |
|---|---|---|---|---|---|---|
| VGVortex GamesGaming · Mobile & console | Watch | $48.2M | -4.8% | $8.4M 17.4% | Certification QA queue has grown for three consecutive sprints. | |
| PSPortside SoftwareVertical SaaS · Freight TMS | On track | $39.6M | +38% | $7.1M 17.9% | Atlas Freight's $820K committed deal is 45 days past close. | |
| SOSolstice OutdoorConsumer · Outdoor gear | Watch | $56.8M | +6.4% | $6.2M 10.9% | TrailMart represents 34% of total revenue. | |
| NFNorthlane FinancialFintech · Invoice lending | At risk | $31.4M | +22% | $3.1M 9.9% | 60+ day delinquency crossed the 3.5% covenant threshold. | |
| MCMeridian Clinical LabsHealthcare · Diagnostics roll-up | On track | $36.0M | +14% | $6.6M 18.3% | Westbridge LIMS migration is 19 days behind plan. |
Revenue vs. plan
Aggregate monthly portfolio revenue · $M
ActualPlan3.2% below Aug plan
EBITDA margin
Latest quarter by company