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
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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.
