During Q1/23, Main Street Capital originated $12.9 million in new and increased commitments in its private loan portfolio and funded total investments across its private loan portfolio with a cost basis totaling $43.7 million.
Among Main Street Capital’s private loan commitments and investments during Q1/23, the firm:
- Increased a commitment to $4.9 million in a first lien senior secured incremental loan to a provider of outsourced marketing services that helps brands and retailers manage the consumer lifecycle
- Provided $4 million in a first lien senior secured loan to a provider of user experience research automation software which enables customers to test and benchmark insights on any digital product
As of March 31, 2023, Main Street’s private loan portfolio included total investments at cost of approximately $1.5 billion across 86 unique borrowers. The private loan portfolio, as a percentage of cost, included 96.7% invested in first lien debt investments and 3.3% invested in equity investments or other securities.