Main Street Capital Investor Day Presentation Deck
Q
Co-Lead
10.0%
Private Loan Deal Flow (4), (5)
How Does Main Street Access Private Loans?
Private Loans are generated through existing Private Equity Sponsors (¹), co-lender or intermediary relationships
Current Private Loan Activities (2), (3)
Lead
Lead
51.5%
Co-Lender
28.0%
Borrower Direct
1.0%
Club
38.5%
Intermediary
41.8%
Private Equity
Sponsor
29.2%
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MAIN ST
CAPITAL CORPORATION
Main Street wins deal through a competitive process or originates the
deal directly through an existing relationship
Holds lead underwriter role and closest relationship to private equity
sponsors and company; may form club of co-lenders based on facility
size and transaction dynamics
Enables Main Street to have the most control over underwriting process,
investment terms and conditions, and ongoing relationship with Sponsor
Co-Lead
Main Street sources an existing lender relationship or receives an
inbound from a lender relationship looking for a partner
Jointly submits an Indication of Interest (101)
Main Street splits underwriting efforts while still maintaining control of
the process
Club
Main Street receives inbound from perspective lender or intermediary
forming a club of lenders
Small lender group, typically 3-5 institutions
Enables Main Street to participate in a smaller piece of the pie,
providing portfolio diversification and reducing balance sheet risk
(4) All Private Loans reviewed by Main Street's Private Credit group via Main Street's internal CRM system from 2013 through March 31, 2023
(5) Percentages calculated on a total number of transactions basis
Main Street Capital Corporation
NYSE: MAIN
(1)
rivate Equity Sponsor includes (a) traditional private equity funds managed by a private equity firm and (b) family office or other institutional investors with an investment history and capabilities consistent
with a private equity sponsor
(2)
Current Private Loan portfolio closed by Main Street's Private Credit group and held in MAIN's investment portfolio as of March 31, 2023
(3) Percentages calculated based on cost as of March 31, 2023
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