Main Street Capital Investor Day Presentation Deck
Other Asset Management Business Activities
MS Private Loan Fund I (PLF
I) is a private partnership
solely focused on executing
co-investments with MAIN in
its Private Loan (PL)
investment strategy
MAIN (1) maintains a
relationship with an
institutional investor
through which MAIN (1)
provides co-investment
opportunities in MAIN's PL
investment strategy
MS Private Loan Fund II
(PLF II), a successor fund to
PLF I, is currently in the
fundraising process
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MAIN (1) launched PLF I in December 2020
Solely focused on co-investments with MAIN in its PL investment
strategy
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• $100+ million of equity capital
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Special purpose vehicle (SPV) financing with $125 million of debt capital
Active co-investments with MAIN in all PL investments
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MAIN ST
MAIN (1) established separately managed account (SMA)
relationship in April 2021
CAPITAL CORPORATION
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Inception to date returns (Return on Equity) in excess of original target
range of 8% to 12%
MAIN (1) receives annual asset management fee and incentive fee above
a required return
Current performance is generating incentive fees for MAIN (¹)
Long-term, established relationship
SMA is solely focused on co-investments with MAIN in its PL investment
strategy; subject to investor approval
Expecting first closing on PLF II in the near-term future
Successor fund to PLF I with identical investment strategy and same
terms and conditions
Goal for increased size of equity capital relative to PLF I
MAIN (1) receives annual asset management fee and incentive fee above
a required return
(1) Through MSC Adviser I, LLC (the External Investment Manager), MAIN's wholly owned unconsolidated registered investment adviser subsidiary
Main Street Capital Corporation
NYSE: MAIN
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