{
  "docId": "019de074-f81f-7416-bfcc-0b3ee56daa76",
  "docSlug": "74bca2ff7f9064da52d498451f51012b",
  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 15,
  "pageCount": 49,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "business_model",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 8,
  "notes": "The slide highlights the cost efficiency of the internal management structure.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-f81f-7416-bfcc-0b3ee56daa76/15",
  "deckHref": "/decks/019de074-f81f-7416-bfcc-0b3ee56daa76",
  "deckJsonHref": "/decks/019de074-f81f-7416-bfcc-0b3ee56daa76.json",
  "deckAnchorHref": "/decks/019de074-f81f-7416-bfcc-0b3ee56daa76#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.18,
        "w": 0.29,
        "x": 0.195,
        "y": 0.515
      },
      "kind": "diagram",
      "text": "Main Street Mezzanine Fund, LP (2002 vintage SBIC) Assets: ~$286 million SBIC Debt: $159 million outstanding",
      "attrs": null,
      "subkind": "org-chart",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "12746547-172b-4e84-ad57-58b49b0af19b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.29,
        "x": 0.625,
        "y": 0.515
      },
      "kind": "diagram",
      "text": "Main Street Capital III, LP (2016 vintage SBIC) Assets: ~$383 million SBIC Debt: $175 million outstanding",
      "attrs": null,
      "subkind": "org-chart",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "74167f8a-690f-40b4-88f4-c59ed637d0ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.29,
        "x": 0.4,
        "y": 0.22
      },
      "kind": "diagram",
      "text": "Main Street Capital Corporation (BDC/RIC) Assets: ~$3.6 billion Credit Facilities: $564 million ($1.2 billion capacity)(1)(2) Notes: ~$1.1 billion(3)",
      "attrs": null,
      "subkind": "org-chart",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9d8d3da-691e-4ce8-92ec-2024674a7e46",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "disclaimer",
      "text": "(1) Includes MAIN's Credit Facilities as defined on page 11; see additional details on page 42\n(2) As of March 31, 2023, MAIN's Credit Facilities had $1.2 billion in total commitments; MAIN's Credit Facilities include accordion features which could increase total commitments up to $1.8 billion\n(3) Includes $500.0 million of July 2026 Notes, $450.0 million of May 2024 Notes and $150.0 million of December 2025 Notes (100.0 million issued in Q4 2022 and $50.0 million issued in Q1 2023)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "65d3041d-6906-4465-bcd4-b4722f330f60",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.3,
        "x": 0.06,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "“Internally managed” structure means no external management fees or expenses are paid, providing operating leverage to MAIN’s business; MAIN targets total operating and administrative costs at or less than 2% of assets",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9baa9be6-7e7d-46f3-a486-dbc6e443f46f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.06,
        "y": 0.1
      },
      "kind": "title",
      "text": "MAIN Corporate Structure – Internally Managed",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7b0e174b-162f-42fb-a710-a8593c90e7fc",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "org-chart",
      "slug": null,
      "matchId": "6ff19701-b39e-46ab-8dd0-f45fed966682",
      "evidence": "Hierarchical structure showing parent company and subsidiaries",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 24,
      "from": 8,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "f1fa0179-fa8e-46c1-81e5-1371aad479ec",
      "evidence": "The document presents the potential for significant NAV per share growth in LMM investments.",
      "position": 0,
      "objective": "The cost of not investing in LMM",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}