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  "documentTitle": "Main Street Capital | Fixed Income Presentation Deck | 42 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
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  "presentationDate": "2023-05-01 00:00:00",
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  "notes": "LMM stands for Lower Middle Market.",
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      "text": "Large and critical portion of U.S. economy: 195,000+ domestic LMM businesses. LMM is under-served from a capital perspective and less competitive. Inefficient asset class generates pricing inefficiencies: Typical entry enterprise values between 4.5X – 6.5X EBITDA. Typical entry leverage multiples between 2.0X – 4.0X EBITDA to MAIN debt investment. Partner relationship with the management teams of our portfolio companies vs a “commoditized vendor of capital”",
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      "text": "MAIN targets LMM investments in established, profitable companies. Characteristics of LMM provide beneficial risk-reward investment opportunities.",
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      "text": "(1) Source: U.S. Census 2017 – U.S. Data Table by Enterprise Receipt Size; 2017 County Business Patterns and 2017 Economic Census; includes Number of Firms with Enterprise Receipt Size between $10,000,000 and $99,999,999",
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      "text": "LMM Investment Opportunity",
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