Main Street Capital Investor Day Presentation Deck
Record Private Equity Dry Powder Supports Continued Demand Outlook
Dry powder statistics suggest significant additional capacity for direct lending strategy
Direct lending dry powder in North America is currently $106 billion, which represents only 18% of PE buyout dry powder
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Dry Powder ($B)
We believe scaled providers will benefit from the available capacity as PE is increasingly reliant on direct lending
$800
$700
$600
$500
$400
$300
$200
$100
$0
1%
North America Dry Powder - Direct Lending and PE Buyout
■ Direct Lending Dry Powder PE Buyout Dry Powder Direct Lending Dry Powder as a % of PE Buyout Dry Powder
1%
1%
3%
Source: Preqin as of December 2022
Main Street Capital Corporation
11
6%
5%
6%
7%
2004 2005 2006 2007 2008 2009 2010 2011
10%
18%
14%
L
12%
NYSE: MAIN
13%
15%
MAIN ST
CAPITAL CORPORATION
17%
16%
17%
2012 2013 2014 2015 2016 2017 2018 2019 2020
20%
2021
18%
2022
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