MSC ADVISER I, LLC
MSC ADVISER I, LLC is a Series C+, buyout and other fund in the US writing $1M–$30M checks into debt and private-equity.
- Stages
- Series C+, buyout, other
- Sectors
- debt, private-equity
- Check size
- $1M–$30M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2013
- Assets under management
- $1.73B
Thesis
MSC Adviser I, LLC, a registered investment adviser and subsidiary of Main Street Capital Corporation, manages investments for external parties, including MSC Income Fund. Their primary focus is providing debt and equity capital to private companies in the lower middle market. The firm employs two core strategies: a Private Loan Strategy investing in secured debt (first lien senior secured term loans, revolvers, delayed draw term loans) for companies with annual revenues of $25M-$500M, and a Lower Middle Market Strategy focusing on customized long-term debt and equity for companies with annual revenues of $10M-$150M. Investments in both strategies typically range from $1M to $30M. As of March 31, 2026, their regulatory AUM was $1.73 billion. They also manage private funds like MS Private Loan Fund II LP ($146.9M AUM as of March 28, 2024). The firm was founded in November 2013 and is headquartered in Houston, Texas.
Common questions
Does MSC ADVISER I, LLC invest at the Series C+ stage?
Yes. MSC ADVISER I, LLC lists Series C+, buyout and other among the stages it invests in.
What check size does MSC ADVISER I, LLC write?
MSC ADVISER I, LLC writes $1M–$30M checks.
Where does MSC ADVISER I, LLC invest?
MSC ADVISER I, LLC invests in the US.