Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES

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COMMITMENTS AND CONTINGENCIES
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
At March 31, 2024, MSC Income Fund had the following outstanding commitments (in thousands):
Investments with equity capital commitments that have not yet funded: Amount
Freeport First Lien Loan Fund III LP $ 8,340 
HPEP 3, L.P. 1,308 
Brightwood Capital Fund III, LP 22 
     Total Equity Commitments $ 9,670
Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded:
Computer Data Source, LLC $ 8,333 
CQ fluency, LLC 4,500 
Mako Steel, LP 4,057 
Insight Borrower Corporation 3,888 
BP Loenbro Holdings Inc. 2,569 
Garyline, LLC 2,416 
SI East, LLC 2,125 
Winter Services LLC 1,944 
American Health Staffing Group, Inc. 1,667 
IG Parent Corporation 1,667 
Bluestem Brands, Inc. 1,552 
Burning Glass Intermediate Holding Company, Inc. 1,549 
AB Centers Acquisition Corporation 1,538 
Richardson Sales Solutions 1,439 
Jackmont Hospitality, Inc. 1,419 
Titan Meter Midco Corp. 1,384 
Power System Solutions 1,330 
Evergreen North America Acquisitions, LLC 1,253 
Bettercloud, Inc. 1,216 
Classic H&G Holdco, LLC 1,060 
HEADLANDS OP-CO LLC 1,000 
IG Investor, LLC 1,000 
Mini Melts of America, LLC 983 
Invincible Boat Company, LLC. 976 
Roof Opco, LLC 972 
Bond Brand Loyalty ULC 900 
Imaging Business Machines, L.L.C. 890 
VVS Holdco, LLC 800 
Cody Pools, Inc. 786 
Purge Rite, LLC 781 
Acumera, Inc. 768 
NinjaTrader, LLC 750 
SPAU Holdings, LLC 700 
Engineering Research & Consulting, LLC 652 
NexRev LLC 600 
Centre Technologies Holdings, LLC 600 
ArborWorks, LLC 530 
AVEX Aviation Holdings, LLC 512 
Wall Street Prep, Inc. 500 
GRT Rubber Technologies LLC 468 
Microbe Formulas, LLC 434 
Watterson Brands, LLC 433 
PTL US Bidco, Inc 427 
Channel Partners Intermediateco, LLC 419 
CaseWorthy, Inc. 400 
Trantech Radiator Topco, LLC 400 
Chamberlin Holding LLC 400 
Johnson Downie Opco, LLC 400 
South Coast Terminals Holdings, LLC 381 
Escalent, Inc. 349 
Pinnacle TopCo, LLC 345 
Gamber-Johnson Holdings, LLC 300 
Career Team Holdings, LLC 300 
Clad-Rex Steel, LLC 300 
Metalforming Holdings, LLC 205 
ATS Operating, LLC 200 
Mystic Logistics Holdings, LLC 200 
Orttech Holdings, LLC 200 
Batjer TopCo, LLC 180 
ITA Holdings Group, LLC 160 
Analytical Systems Keco Holdings, LLC 145 
Elgin AcquireCo, LLC 123 
Gulf Publishing Holdings, LLC 100 
JTI Electrical & Mechanical, LLC 89 
AAC Holdings, Inc. 71 
Inspire Aesthetics Management, LLC 43 
Adams Publishing Group, LLC
Interface Security Systems, LLC
     Total Loan Commitments $ 69,083 
     Total Commitments $ 78,753 
MSC Income Fund will fund its unfunded commitments from the same sources it uses to fund its investment commitments that are funded at the time they are made (which are typically through existing cash and cash equivalents and borrowings under the Credit Facilities). MSC Income Fund follows a process to manage its liquidity and ensure that it has available capital to fund its unfunded commitments as necessary. MSC Income Fund had no unrealized appreciation or depreciation on the outstanding unfunded commitments as of March 31, 2024.
MSC Income Fund may, from time to time, be involved in litigation arising out of its operations in the normal course of business or otherwise. Furthermore, third parties may try to impose liability on MSC Income Fund in connection with the activities of its portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, MSC Income Fund does not expect any current matters will materially affect its financial condition or results of operations; however, there can be no assurance whether any pending legal proceedings will have a material adverse effect on MSC Income Fund’s financial condition or results of operations in any future reporting period.