As of September 30, 2024, Main Street Capital Corporation reported significant growth in its financial metrics compared to the previous fiscal period. Total investments at fair value increased to $4,911.1 million, up from $4,286.3 million at the end of 2023. This growth was driven by increases across various investment categories, including control investments, which rose to $2,104.6 million from $2,006.7 million, and affiliate investments, which increased to $784.1 million from $615.0 million. Non-control/non-affiliate investments also saw a rise, reaching $2,022.4 million compared to $1,664.6 million.

The company reported total assets of $5,094.8 million, up from $4,443.6 million, while total liabilities increased to $2,402.5 million from $1,966.2 million. Net assets rose to $2,692.3 million, compared to $2,477.4 million at the end of 2023, with net asset value per share increasing to $30.57 from $29.20.

Investment income for the three months ended September 30, 2024, was $136.8 million, an 11% increase from $123.2 million in the same period of 2023. For the nine months, investment income totaled $400.6 million, up 8% from $371.1 million. Net investment income for the third quarter was $87.6 million, a 7% increase from $82.2 million, while for the nine months, it reached $264.7 million, reflecting a 6% increase from $248.9 million.

Total expenses for the three months ended September 30, 2024, were $49.2 million, a 20% increase from $41.1 million in the same period of 2023. For the nine months, total expenses rose to $135.9 million from $122.2 million. The increase in expenses was attributed to higher general and administrative costs, interest expenses due to rising rates, and increased share-based compensation.

Main Street reported a total net realized gain of $26.4 million for the third quarter, a significant increase from $0.7 million in the same period last year. The net increase in net assets resulting from operations for the third quarter was $124.0 million, compared to $103.3 million in 2023, while for the nine months, it was $333.8 million, up from $289.4 million.

Strategically, Main Street issued $300 million in unsecured notes due July 2026 and $350 million in notes due March 2029, enhancing its liquidity. The company also repaid $63.8 million of SBIC debentures in March 2024, maintaining a total outstanding amount of $350 million as of September 30, 2024. The company’s cash and cash equivalents increased to $84.4 million from $60.1 million at the end of 2023, reflecting improved liquidity management.

Overall, Main Street Capital Corporation's performance in the third quarter of 2024 demonstrated robust growth in investment income and net assets, alongside strategic financial maneuvers to enhance liquidity and manage expenses effectively.