MSC Income Fund : First Quarter 2025 Debt Capital Markets

Published: 2025-05-13 14:13:05 ET MSIF

Published on 05/13/2025 at 14:13

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1st Quarter - 2025

Diversified investment strategy and resulting investment portfolio and relationship with best-in-class manager differentiates MSIF from other investment firms

$1.4 billion of capital(1)

MSIF began trading on the New York Stock Exchange (NYSE) on January 29, 2025 under the ticker symbol "MSIF" in connection with a follow-on public offering of its common stock, including the full exercise of the underwriters' overallotment option, for total net proceeds of $90.5 million

Managed by a wholly-owned subsidiary(2)of Main Street Capital Corporation (NYSE: MAIN) (MAIN or Main Street) since October 2020

Publicly traded BDC with over $8.2 billion in capital under management(3)

Previously a sub-adviser to MSIF since May 2012

Primarily originated directly by MAIN or, to a lesser extent, through strategic relationships with other investment funds

First lien, senior secured, floating rate debt investments with attractive risk-adjusted returns

Targets companies with annual revenue between $25 million and $500 million and annual EBITDA between $7.5 million and $50 million

Proprietary investments that can be difficult for investors to access

Companies with annual revenue between $10 million and $150 million and annual EBITDA between $3 million and $20 million

Provides single source solutions including a combination of first lien, senior secured debt and equity financing

Capital includes total assets plus undrawn portion of debt capital as of March 31, 2025

Through MAIN's wholly-owned unconsolidated subsidiary, MSC Adviser I, LLC

Capital includes total assets plus undrawn portion of debt capital and uncalled equity capital commitments as of March 31, 2025

MAIN(2)has provided investment advisory services for the fund since its inception

IPO in 2007

Over $8.2 billion in capital under management(1)

Over $6.4 billion internally at MAIN(1)

Over $1.8 billion as the investment adviser to external parties(1)(2)

A top-performing BDC, with consistent market outperformance of both shareholder returns and economic returns through various economic cycles

MAIN(2)provided asset management services, including sourcing, diligence and post-investment monitoring

Fund raising, capital structure management, accounting and administrative services were provided by the former investment adviser

The fund changed its name to MSC Income Fund, Inc.(3)

Includes undrawn portion of debt capital and uncalled equity capital commitments as of March 31, 2025

Through MAIN's wholly-owned unconsolidated subsidiary, MSC Adviser I, LLC

Formerly known as HMS Income Fund, Inc. prior to name change effective October 30, 2020

Disclaimer

MSC Income Fund Inc. published this content on May 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2025 at 18:12 UTC.