Main Street Capital Fixed Income Presentation Deck
Portfolio Highlights (1)
The benefits of MAIN's
unique investment
strategy have resulted
in a high quality,
diversified and mature
investment portfolio
●
●
●
●
Lower Middle Market
$2.1 billion of total investments
79 companies
$1.2 billion of debt investments (58%)
$896.3 million of equity investments (42%)
Typical initial investment target of 75% debt /
25% equity
99% of debt investments are first lien (²)
Average investment size of $26.7 million at fair
value or $21.9 million at cost
Weighted-average effective yield on debt of
12.6% (3)
Middle Market
$306.2 million of total investments
30 companies
$297.3 million of debt investments (97% of
Middle Market portfolio)
99% of debt investments are first lien(2)
Average investment size of $13.0 million (²)
95% of debt investments bear interest at
floating rates (2)
Weighted-average effective yield of 11.8% (³)
(1) As of March 31, 2023; investment amounts at fair value, unless otherwise noted
(2) As of March 31, 2023; based on cost
.
●
●
●
●
●
●
MAIN ST
CAPITAL CORPORATION
Private Loans
$1.5 billion of total investments
86 companies
$1.4 billion of debt investments (96% of
Private Loan portfolio)
99% of debt investments are first lien(²)
Average investment size of $17.8 million (2)
98% of debt investments bear interest at
floating rates (2)
Weighted-average effective yield of 12.4% (³)
Total Portfolio(4)
$4.2 billion of total investments
211 companies
$2.9 billion of debt investments (71%)
$1.2 billion of equity investments (29%),
including $116.1 million of Other Portfolio
investments
99% of debt investments are first lien(²)
73% of debt investments bear interest at
floating rates (2)
Weighted-average effective yield on debt
investments of 12.5% (³)
(3) As of March 31, 2023; weighted-average effective yield is calculated using the applicable interest rate as of March 31, 2023 and includes amortization of deferred debt origination
fees and accretion of original issue discount, but excludes fees payable upon repayment of the debt instruments and any debt investments on non-accrual status
(4) Includes $132.7 million of fair value ($29.5 million of cost basis) of equity investment relating to MAIN's wholly-owned unconsolidated subsidiary, MSC Adviser I, LLC (the External
Investment Manager), and $1.9 million of fair value ($2.0 million of cost basis) of a short-term portfolio investment
Main Street Capital Corporation
NYSE: MAIN
mainstcapital.com
Page 7View entire presentation