Portfolio Highlights

HMS Income Fund’s portfolio is working for you.

HMS Income Fund continues to expand its portfolio of carefully selected investments. As of March 31, 2017, the portfolio was well-diversified with debt investments in 118 companies and equity investments in 37 companies representing 46 business sectors1 in the middle-market and lower-middle market.

Portfolio Highlights

HMS Income Fund has made investments in the following companies:

  • Adams Publishing Group, LLC
  • ADS Tactical, Inc.
  • AFG Capital Group, LLC
  • Ahead, LLC
  • Allflex Holdings III Inc.
  • American Scaffold Holdings, Inc.
  • American Teleconferencing Services, Ltd
  • AmeriTech College Operations, LLC
  • AP Gaming I, LLC
  • Apex Linen Service, Inc.
  • Arcus Hunting, LLC
  • Artel, LLC
  • ATI Investment Sub, Inc.
  • ATX Networks Corp.
  • BarFly Ventures, LLC
  • BBB Tank Services, LLC
  • Berry Aviation, Inc.
  • Binswanger Enterprises, LLC
  • Bluestem Brands, Inc.
  • Brightwood Capital Fund III, LP
  • Brundage-Bone Concrete Pumping, Inc.
  • Buca C, LLC
  • CAI Software, LLC
  • CapFusion Holding, LLC
  • CDHA Management, LLC
  • Cengage Learning, Inc.
  • Cenveo Corporation
  • Charlotte Russe, Inc.
  • Charps, LLC
  • Clad-Rex Steel, LLC
  • Clarius BIGS, LLC
  • Construction Supply Investments, LLC
  • ContextMedia Health, LLC
  • Covenant Surgical Partners, Inc.
  • CST Industries, Inc.
  • Datacom, LLC
  • Digital River, Inc. 
  • Digital Room, LLC
  • East West Copolymer & Rubber, LLC
  • ECP-PF Holdings Groups, Inc.
  • EIG Traverse Co-Investment, LP
  • Evergreen Skills Lux S.á r.l. (d/b/a Skillsoft)
  • Flavors Holdings, Inc.
  • Freeport First Lien Loan Fund III, LP
  • Gamber-Johnson Holdings, LLC 
  • GRT Rubber Technologies, LLC
  • GST Autoleather, Inc.
  • Guerdon Modular Holdings, Inc.
  • Guitar Center, Inc.
  • Gulf Publishing Investor, LLC
  • Hawk Ridge Systems, LLC
  • Hojeij Branded Foods, LLC
  • Hoover Group, Inc. 
  • Hunter Defense Technologies, Inc.
  • HW Temps LLC
  • iEnergizer Limited
  • Indivior Finance, LLC
  • Industrial Container Services, LLC
  • Industrial Services Acquisitions, LLC
  • Inn of the Mountain Gods Resort and Casino
  • Intertain Group Limited
  • iPayment, Inc.
  • Ipreo Holdings, LLC
  • iQor US Inc.
  • IronGate Energy Services, LLC
  • Jackmont Hospitality, Inc.
  • Joerns Healthcare, LLC
  • Kellermeyer Bergensons Services, LLC
  • Keypoint Government Solutions, Inc.
  • LaMi Products, LLC
  • Larchmont Resources, LLC
  • Legendary Pictures Funding, LLC
  • L J Host Merger Sub, Inc.
  • Logix Acquisition Company, LLC
  • M.H. Corbin, Inc.
  • Minute Key, Inc.
  • Mood Media Corporation
  • Mystic Logistics, Inc.
  • New Media Holdings II LLC
  • NNE Issuer, LLC
  • North American Lifting Holdings, Inc.
  • Novitex Acquisition, LLC
  • NTM Acquisition Corp.
  • NuStep, LLC
  • Pardus Oil & Gas, LLC
  • Paris Presents, Inc.
  • Parq Holdings, LP
  • Permian Holdco 2, Inc. 
  • Permian Holdings, Inc.
  • Pernix Therapeutics Holdings, Inc.
  • Pike Corporation
  • PPC/Shift, LLC
  • Premier Dental Services, Inc.
  • Prowler Acquisition Corporation
  • Raley's, Inc. 
  • Redbox Automated Retail, LLC
  • Renaissance Learning, Inc.
  • RGL Reservoir Operations, Inc.
  • RM Bidder, LLC
  • Salient Partners, LP
  • School Specialty, Inc.
  • SG Acquisitions, Inc.
  • Sigma Electric Manufacturing Corp.
  • SoftTouch Medical Holdings LLC
  • Sorenson Communications, Inc.
  • Strike, LLC
  • Synagro Infrastructure Company, Inc.
  • TaxAct, Inc.
  • TE Holdings, LLC
  • Teleguam Holdings, LLC
  • TMC Merger Sub Corp
  • TOMS Shoes, LLC
  • Turning Point Brands, Inc.
  • TVG-I-E CMN Acquisition, LLC
  • U.S. Telepacific Corp.
  • USJ-IMECO Holding Company, LLC
  • Valley Healthcare Group, LLC
  • VCVH Holding Corp.
  • VIP Cinema Holdings, Inc.
  • Vistar Media, Inc.
  • Volusion, LLC
  • Wellnext, LLC
  • Worley Claims Services, LLC
  • YP Holdings LLC

Target Investments

  • Senior secured loans, second lien loans and mezzanine debt and selected equity investments of private companies with annual revenues between $10 million and $3 billion2
  • Established companies with histories of positive and stable free cash flow that are in industries that are integral to the American economy
  • Firms with experienced and committed management teams
  • Strong franchises with sustainable competitive advantages
  • Industries with positive long-term dynamics

1Information about portfolio holdings and business sector diversification is as of March 31, 2017 and is subject to change.

2Senior secured loans, second lien loans, mezzanine debt and selected equity investments may be risky, and we could lose all or part of our investment. Most loans in which we invest will not be rated, or would be if they were rated by a rating agency, as "below investment grade" quality. Below investment-grade quality securities are commonly known as "junk" and may be considered more speculative with respect to the issuer's capacity to pay interest and repay principal.

For more information, read the prospectus for HMS Income Fund. Copies of the prospectus may be obtained from Hines Securities, Inc., 2800 Post Oak Blvd., Suite 4700, Houston, Texas 77056 or by calling 888.446.3773. You should read the prospectus carefully in order to fully understand the objectives, risks, sales charges, fees and expenses of HMS Income Fund before investing or sending money.