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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
At June 30, 2023, the Company 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$6,733 
HPEP 3, L.P.1,555 
Brightwood Capital Fund III, LP100 
     Total Equity Commitments$8,388
Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded:
Power System Solutions$3,989 
AB Centers Acquisition Corporation3,897 
HEADLANDS OP-CO LLC3,000 
Winter Services LLC2,778 
SI East, LLC2,500 
Bluestem Brands, Inc.2,165 
Roof Opco, LLC1,944 
NWN Corporation1,744 
American Health Staffing Group, Inc.1,667 
IG Parent Corporation1,667 
Imaging Business Machines, L.L.C.1,483 
Mako Steel, LP1,420 
Infolinks Media Buyco, LLC1,260 
RA Outdoors LLC1,235 
Bettercloud, Inc.1,216 
Dalton US Inc.1,187 
ArborWorks, LLC1,130 
Burning Glass Intermediate Holding Company, Inc.1,033 
GRT Rubber Technologies LLC1,010 
IG Investor, LLC1,000 
NexRev LLC1,000 
Bond Brand Loyalty ULC900 
Classic H&G Holdco, LLC860 
CaseWorthy, Inc.800 
VVS Holdco, LLC800 
Cody Pools, Inc.786 
NinjaTrader, LLC750 
Direct Marketing Solutions, Inc.750 
Evergreen North America Acquisitions, LLC710 
JTI Electrical & Mechanical, LLC702 
SPAU Holdings, LLC700 
West Star Aviation Acquisition, LLC667 
Engineering Research & Consulting, LLC621 
Centre Technologies Holdings, LLC600 
ITA Holdings Group, LLC543 
Paragon Healthcare, Inc.543 
Watterson Brands, LLC534 
Robbins Bros. Jewelry, Inc.500 
Wall Street Prep, Inc.500 
Inspire Aesthetics Management, LLC475 
Jackmont Hospitality, Inc.473 
PTL US Bidco, Inc469 
MonitorUS Holding, LLC467 
Xenon Arc, Inc.465 
Invincible Boat Company, LLC.457 
Microbe Formulas, LLC434 
Acumera, Inc.427 
Trantech Radiator Topco, LLC400 
Chamberlin Holding LLC400 
AMEREQUIP LLC.391 
South Coast Terminals Holdings, LLC381 
Escalent, Inc.349 
AVEX Aviation Holdings, LLC307 
Batjer TopCo, LLC 300 
Gamber-Johnson Holdings, LLC300 
Archer Systems, LLC232 
Channel Partners Intermediateco, LLC209 
MetalForming AcquireCo, LLC205 
SIB Holdings, LLC200 
Mystic Logistics Holdings, LLC200 
Johnson Downie Opco, LLC200 
Orttech Holdings, LLC200 
ATS Operating, LLC150 
Career Team Holdings, LLC150 
Elgin AcquireCo, LLC123 
Gulf Publishing Holdings, LLC100 
Clad-Rex Steel, LLC100 
Adams Publishing Group, LLC94 
Hawk Ridge Systems, LLC84 
AAC Holdings, Inc.71 
Interface Security Systems, L.L.C
     Total Loan Commitments$59,405 
     Total Commitments$67,793 
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 June 30, 2023.
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.