MSC Income Fund Announces First Quarter 2025 Private Loan Portfolio Activity

Rhea-AI Summary

MSC Income Fund (NYSE: MSIF) reported significant private loan portfolio activity in Q1 2025, with new or increased commitments of $135.9 million and funded investments totaling $137.5 million.

Notable investments included:

• $32.4 million in loans and equity for electrical power distribution solutions
• $28.8 million increased investment in chemicals and lubricant additives
• $20.6 million in loans for private aviation maintenance services
• $17.5 million for automotive and healthcare components manufacturing
• $12.5 million in midstream gas infrastructure

As of March 31, 2025, the fund's private loan portfolio reached $790.0 million across 84 companies, with 93.5% in first lien debt investments and 6.5% in equity investments or other securities.

HOUSTON, April 10, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) ("MSC Income" or the "Company") is pleased to announce the following recent activity in its private loan portfolio. During the first quarter of 2025, MSC Income originated new or increased commitments in its private loan portfolio of $135.9 million and funded total investments across its private loan portfolio with a cost basis totaling $137.5 million.

The following represent notable new private loan commitments and investments during the first quarter of 2025:

• $27.0 million in a first lien senior secured loan, $4.7 million in a first lien senior secured revolver and $0.7 million in equity to a designer and manufacturer of highly engineered electrical power distribution solutions to datacenters and other power applications;
• Increased investment of $28.8 million in a first lien senior secured loan to a manufacturer of chemicals and lubricant additives serving large specialty chemical companies;
• Increased investment of $17.9 million in a first lien senior secured loan and $2.7 million in a first lien senior secured delayed draw loan to a leading independent provider of maintenance, repair and operations services for the private aviation industry;
• Increased commitment of $17.2 million in an incremental first lien senior secured loan and $0.3 million in incremental equity to a manufacturer of custom engineered die cut, formed foam, nonwoven and multi-material components for the automotive and healthcare end markets;
• $12.5 million in a first lien senior secured loan to a developer and operator of midstream gas infrastructure focused on providing gas treatment, processing and transportation services in the Delaware Basin;
• Increased investment of $8.5 million in a first lien senior secured loan to a provider of test, inspection and certification instruments and associated parts and services; and
• $6.0 million in a first lien senior secured loan, $0.8 million in a first lien senior secured revolver and $0.2 million in equity to a manufacturer of gravity flow shelving solutions for grocery, convenience and alcohol retailers.

As of March 31, 2025, MSC Income's private loan portfolio included total investments at cost of approximately $790.0 million across 84 unique companies. The private loan portfolio, as a percentage of cost, included 93.5% invested in first lien debt investments and 6.5% invested in equity investments or other securities.

ABOUT MSC INCOME FUND, INC.

The Company (www.mscincomefund.com) is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund. The Company's portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. The Company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, and through those investments, the Company has partnered with entrepreneurs, business owners and management teams in co-investments with Main Street Capital Corporation (NYSE: MAIN) ("Main Street") utilizing the customized "one-stop" debt and equity financing solution provided in Main Street's lower middle market investment strategy. The Company's private loan portfolio companies generally have annual revenues between $25 million and $500 million. The Company's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million.

ABOUT MSC ADVISER I, LLC

MSC Adviser I, LLC ("MSCA") is a wholly-owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. MSCA serves as the investment adviser and administrator of the Company in addition to several other advisory clients.

Contacts:
MSC Income Fund, Inc.
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Cory E. Gilbert, CFO, cgilbert@mainstcapital.com
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard / ken@dennardlascar.com
Zach Vaughan / zvaughan@dennardlascar.com
713-529-6600 

View original content:https://www.prnewswire.com/news-releases/msc-income-fund-announces-first-quarter-2025-private-loan-portfolio-activity-302424973.html

SOURCE MSC Income Fund, Inc.

FAQ

What was MSC Income Fund's (MSIF) total investment activity in Q1 2025?

MSIF originated $135.9 million in new or increased commitments and funded total investments of $137.5 million across its private loan portfolio in Q1 2025.

How many companies are in MSIF's private loan portfolio as of March 2025?

As of March 31, 2025, MSIF's private loan portfolio included investments across 84 unique companies.

What is the current composition of MSIF's private loan portfolio?

The portfolio consists of 93.5% first lien debt investments and 6.5% equity investments or other securities, with a total cost basis of $790.0 million.

What was MSIF's largest single investment in Q1 2025?

The largest single investment was $32.4 million in loans and equity to a designer and manufacturer of electrical power distribution solutions for datacenters.

How much did MSIF invest in the private aviation sector in Q1 2025?

MSIF increased its investment by $20.6 million in loans to a provider of maintenance, repair and operations services for the private aviation industry.