Portfolio Highlights

HMS Income Fund closed to new investors on September 30, 2017.

HMS Income Fund continues to expand its portfolio of carefully selected investments. As of September 30, 2017, the portfolio was well-diversified with debt investments in 125 companies and equity investments in 43 companies representing 48 business sectors1 in the middle-market and lower-middle market.

Portfolio Highlights

HMS Income Fund has made investments in the following companies:

    • AAC Holding Corp
    • Adams Publishing Group, LLC
    • ADS Tactical, Inc.
    • Aethon United BR, LP
    • AFG Capital Group, LLC
    • Ahead, LLC
    • Allflex Holdings III Inc.
    • American Scaffold Holdings, Inc.
    • American Teleconferencing Services, Ltd
    • Apex Linen Service, Inc.
    • Arcus Hunting, LLC
    • ATI Investment Sub, Inc.
    • ATX Networks Corp
    • BarFly Ventures, LLC
    • BBB Tank Services, LLC
    • Berry Aviation, Inc.
    • Bigname Commerce, LLC
    • Binswanger Enterprises, LLC
    • Bluestem Brands, Inc.
    • Boccella Precast Products, LLC
    • Brightwood Capital Fund Investments
    • 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
    • Copper Trail Energy Fund I, LP
    • Covenant Surgical Partners, Inc.
    • CST Industries, Inc.
    • CTVSH, PLLC
    • Datacom, LLC
    • Digital River, Inc.
    • Digital Room, LLC
    • East West Copolymer & Rubber, LLC
    • ECP-PF Holdings Groups, Inc.
    • Evergreen Skills Lux S.á r.l. (d/b/a Skillsoft)
    • Extreme Reach, Inc.
    • Felix Investments Holdings II, LLC
    • 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
    • Harris Preston & Partners Capital Funds
    • Hawk Ridge Systems, LLC
    • HMS-ORIX SLF LLC
    • Hojeij Branded Foods, LLC
    • Hoover Group, Inc.
    • Hunter Defense Technologies, Inc.
    • HW Temps LLC
    • Hydrofarm Holdings LLC
    • iEnergizer Limited
    • Implus Footcare, LLC
    • Indivior Finance, LLC
    • Industrial Services Acquisitions, LLC
    • Inn of the Mountain Gods Resort and Casino
    • Intertain Group Limited
    • iPayment, Inc.
    • iQor US Inc.
    • IronGate Energy Services, LLC
    • Jackmont Hospitality, Inc.
    • Jacuzzi Brands Corp.
    • 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 Acquistion Company, LLC
    • LSF9 Atlantis Holdings, LLC
    • Lulu's Fashion Lounge
    • Market Force Information, Inc.
    • Meisler Operating, LLC
    • M.H. Corbin, Inc.
    • MHVC Acquisition Corp
    • Minute Key, Inc.
    • Mystic Logistics, Inc.
    • NBG Acquisition, Inc.
    • New Media Holdings II LLC
    • NNE Issuer, LLC
    • North American Lifting Holdings, Inc.
    • Novetta Solutions, 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.
    • PPC/Shift, LLC
    • Prowler Acquisition Corporation
    • PSC Industrial Holdings Corp.
    • Redbox Automated Retail, LLC
    • Renaissance Learning, Inc.
    • Resolute Industrial, LLC
    • RGL Reservoir Operations, Inc.
    • RM Bidder, LLC
    • Salient Partners, LP
    • Sigma Electric Manufacturing Corp.
    • Smart Modular Technologies, Inc.
    • SoftTouch Medical Holdings LLC
    • Sorenson Communications, Inc.
    • Strike, LLC
    • Synagro Infrastructure Company, 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
    • VIP Cinema Holdings, Inc.
    • Vistar Media, Inc.
    • Volusion, LLC
    • Wellnext, LLC
    • Wireless Vision Holdings, LLC
    • Wirepath, 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 September 30, 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.