MVC Capital

MVC Capital is a private equity firm that seeks to invest in the consumer products, food and food service, value-added distribution, industrial manufacturing and services, financial services and specialty chemicals sectors. The firm was founded in 1999 and is based in Purchase, New York.

MVC provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the United States. MVC's investments can take the form of common and preferred stock (control and non-control investments) and warrants or rights to acquire equity interests; senior and subordinated loans; or convertible securities. MVC serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.

MVC Capital, Inc. trades on the New York Stock Exchange (NYSE) under the symbol "MVC". MVC offers consistent dividend payments to shareholders and offers growth in their dividend payments, with the most recent increase in Q4 2019 of 13%. More than 70% of MVC Capital's portfolio is currently in yielding investments, combined with increased yielding investment activity, MVC anticipates increasing distributions over time.

As of October 31, 2019, the Company's net assets were $228.0 million or $12.86 per share, compared to $227.9 million or $12.86 per share at the end of the prior fiscal quarter and $226.7 million or $12.46 per share at the end of the fourth quarter of fiscal 2018.

Founded in 1999 as meVC Draper Fisher Jurveston Fund I, Inc., MVC Capital originally sought to achieve long-term capital appreciation from venture capital investments in the information technology industry. With the downturn in the technology industry, the Board of Directors instituted a broader investment mandate to allow the Company greater flexibility to provide equity and debt financing to small and middle-market companies across multiple industries. In December 2002, the Company started doing business as MVC Capital. In fiscal 2004, Michael Tokarz and his team were recruited by the Board of Directors to implement this directional shift, make new investments and to stabilize the existing portfolio. In 2004, the Company officially changed its name to MVC Capital, Inc.

Commencing in 2006, portfolio management shifted from an internal management structure to an external management structure, with Michael Tokarz and The Tokarz Group Advisers LLC (TTGA), a registered investment adviser with the Securities and Exchange Commission, serving as the external adviser.

In October of 2014, MVC recruited a Lending Team to transition the portfolio to primarily yielding investments. With strong credit expertise and solid historical realized returns, the Lending Team began deploying capital in fiscal 2015. While MVC has the flexibility to invest across the entire capital structure, the Company seeks to build shareholder value by primarily making yielding investments in the Lower Middle Market ("LMM"). Since implementing a dividend policy in July of 2005, MVC has maintained or grown its quarterly distributions.