MSC Income Fund exits Centre Technologies, realizes $11.6M gain and 40.1% IRR
Jun 24, 2026, 7:12 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The realized gain and high equity IRR improve reported performance metrics and could uplift NAV/Appraisal; potential near-term distributions may follow. However, the impact may be modest until Q results reflect the exit, given typical NAV update lags in closed-end funds.
AI summary
What happened, with direct paths to the underlying reporting
MSC Income Fund exited its equity stake in Centre Technologies Holdings after a majority recapitalization with a new sponsor. The deal produced a $11.6 million realized gain and $0.5 million in dividends, with equity IRR of 40.1% and 8.8x money invested (2.4x including debt). The transaction underscores the fund's ability to deploy capital in lower-middle-market IT services and realize strong private equity returns alongside Main Street Capital.
MSC Income Fund exited its Centre Technologies equity.
Realized gain of $11.6 million.
Equity IRR reached 40.1%.
Dividends totaled $0.5 million.
8.8x equity, 2.4x overall returns.
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