Main Street Capital Corporation

About Main Street Capital

A private equity alternative

Main Street "One-Stop" Debt and Private Equity Solutions

Lower Middle Market Solutions

We provide “one-stop” capital solutions for lower middle market companies seeking to grow or transition ownership. We offer entrepreneurs, business owners and management teams a number of advantages to help each business realize its full potential and generate wealth for the owners.

Flexible Capital

Our team structures investments to meet the needs of our portfolio companies and their owners. We provide long-term debt capital (typically with little or no scheduled amortization) and are comfortable making majority and minority equity investments. You can rest assured that a transaction with us will be structured to align interests and empower managers.

Long-Term Outlook

We approach each investment with a long-term view. As a publicly traded investment firm (NYSE: MAIN), we are not required to return our investors’ capital by a specific date, as is typical of most institutional funds. This allows us the flexibility to be a long-term partner, in both good economies and in more challenging markets.

Operational Autonomy

Regardless of equity ownership, we aim to structure financial partnerships that align our interests with the business, allowing management to maintain significant operational and strategic control. More than just a financial partner, we can offer strategic insight and make valuable connections with industry experts and service providers.

Efficient Execution

We strive to keep capital structures simple. Our ability to invest both debt and equity and fully finance a transaction means that business owners and management teams work with only one financial partner. This reduces execution risk and expedites the closing process, allowing business owners and management teams to focus on what is most important – the business.

Middle Market Solutions

We provide debt financing solutions to middle market companies for acquisitions, recapitalizations and refinancings.  Our dedicated, in-house team of industry analysts leads our credit underwriting and portfolio management of investments in primarily floating-rate first lien senior secured debt securities. We also opportunistically invest in other types of securities that are intended to enhance our overall portfolio returns.  The objective of our middle market portfolio is to generate stable income for our shareholders by investing in a diversified portfolio of investments in quality companies with an attractive risk-adjusted return profile.

Company History

 Our predecessor investment funds were originally founded in the mid 1990s. Since that time, we have founded, purchased or financed lower middle market investments in over 200 companies in numerous industries. In addition to these lower middle market investments, we have also completed debt investments in a variety of middle market businesses that are generally larger in size than our lower middle market portfolio companies.

Before going public, our predecessor funds co-founded several private and subsequently public companies. The most notable of these early investments is Quanta Services, Inc. (NYSE: PWR), a leading provider of specialized contracting services to electric utilities and governmental entities.  We provided the capital to structure the company’s initial round of acquisitions and acted as financial sponsor and advisor for its February 1998 IPO. Today, Quanta Services has approximately $7.8 billion in revenues and is a Fortune 500 Company.

Mid 1990s

Main Street raises first fund with partner capital

1998

Financial sponsor for Quanta Services (NYSE: PWR) IPO

2002

Forms Main Street Mezzanine Fund, LP – First SBIC fund with ~$100 Million

2006

Forms Main Street Capital II, LP – Second SBIC fund with ~$150 Million

2007

Main Street IPO $15.00/share; begins trading on NASDAQ

2008

Added to Russell Microcap Index

2009

Stimulus Bill increase in SBIC borrowing capacity supports investment activities; Added to Russell 3000 Index

2010

Listed on NYSE

2011

2011 Small Business Company of the Year Award by SBA

2012

MAIN equity market-capitalization tops $1 Billion for the first time

2013

Closes first public notes offering (NYSE: MSCA)

2014

Standard & Poor's Ratings Services assigns Main Street investment grade credit rating

2014

Main Street issues first investment grade rated notes

2015

$3 Billion of Capital Under Management

2016

Forms Main Street Capital III, LP – Third SBIC Fund with ~ $225 Million

2017

$3.5+ Billion of Capital Under Management