MSC Income Fund (MSIF)
Provides debt capital to private companies backed by private-equity funds.
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Provides debt capital to private companies backed by or being acquired by private-equity funds through an externally managed BDC structure. MSC Adviser I, a Main Street subsidiary, supplies investment advisory and administrative services.
Provides debt capital to private companies owned by, or being acquired by, private-equity funds. This externally managed business development company focuses on private loans and operates as a principal investment fund.
MSC Adviser I, a wholly owned Main Street subsidiary, supplies investment advisory and administrative services. Main Street employees provide the operating and portfolio-management services, making the adviser relationship central to the fund's operating model.
Formed in 2011 as Hines-sponsored HMS Income Fund, it became MSC Income Fund after Main Street became sole adviser in 2020. NYSE trading began in 2025.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | UBS | Reiterate | Rating: —Target: $13.50 | Target: $12.50 |
| Aug 10, 2026 | Truist Financial | Target | Target: $14 | Target: $15 |
| Jun 4, 2026 | RBC Capital | Reiterate | Rating: —Target: $16 | Target: $15 |
| May 19, 2026 | Truist Financial | Target | Target: — | Target: $14 |
| May 18, 2026 | UBS | Reiterate | Rating: —Target: $14.50 | Target: $13.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $28.1M · Total debt $661.2M · Total assets $1.44B · Shareholders' equity $748.8M
- Revenue
- $45.6M
- Operating income
- $42.2M
- Net income
- $29.3M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 32.38% | 14.68M shares | |
|---|---|---|---|
| 168 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.53% | 238.3K shares | |
| 8 holders · as of Aug 27, 2026 | |||
| Other | ≈ 67.09% | 30.42M shares | |
| remainder | |||
45.35M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Sanders Morris Harris LLCInstitution | 4.99% | 2.26M | as of Jun 30, 2026 |
Ares Management LLCInstitution | 2.80% | 1.27M | as of Jun 30, 2026 |
UBS Group AGInstitution | 2.22% | 1.01M | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 2.02% | 915,670 | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.73% | 783,888 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Nataly Michelle Marks | director | +950 | $12.70 |
| Jun 30, 2026 | Dwayne L. Hyzak | director, officer: CEO, SMD | +5,969 | $11.68 |
| Jun 23, 2026 | Nicholas Meserve | officer: Managing Director | +2,500 | $11.43 |
| Jun 11, 2026 | Cory Gilbert | officer: CFO and Treasurer | +1,000 | $11.78 |
| Jun 9, 2026 | Dwayne L. Hyzak | director, officer: CEO, SMD | +4,274 | $11.69 |
- Ares Capital
Direct lending to U.S. private middle-market companies
- Blue Owl Capital
Direct lending to U.S. middle-market companies
- FS KKR Capital
Customized credit for U.S. private middle-market companies
- Golub Capital BDC
First-lien lending to PE-sponsored middle-market companies
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MSC Income Fund | $12.60 | +0.24% | $570.0M | 5.9 | 8.9 | 3.9 | +0.2% |
| Ares Capital | $19.37 | −0.39% | $13.96B | 14.4 | 10.1 | 6.0 | +32.6% |
| Blue Owl Capital | $11.17 | −0.22% | $5.55B | 20.0 | 8.7 | 3.9 | −20.8% |
| FS KKR Capital | $11.40 | −0.31% | $3.20B | — | 7.3 | 3.4 | +11.5% |
| Golub Capital BDC | $12.56 | +0.04% | $3.27B | 22.8 | 9.7 | 4.6 | −14.2% |
| Median | 20.0 | 9.2 | 4.3 | −1.3% |