SL Investment Corp. (the “Company”) is a non-diversified externally managed specialty finance company that is focused on lending to middle-market companies. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company has elected to be treated, and intends to comply with the requirements to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is not a subsidiary of or consolidated with Morgan Stanley. The Company was formed as a Delaware corporation on August 24, 2020 and commenced investment operations in October 2020. The Company has delegated the right to manage the assets of the Company to MS Capital Partners Adviser Inc., as the investment adviser to the Company (the “Adviser” or “Investment Adviser”). The Investment Adviser is an indirect, wholly owned subsidiary of Morgan Stanley.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry
SEC CIK
Corporate docs
Subsidiaries
SLIC CA SPV LLC • SLIC Financing SPV LLC • SLIC Equity Holdings LLC ...
Latest filings (excl ownership)
10-K
2023 FY
Annual report
7 Mar 24
8-K
Regulation FD Disclosure
2 Jan 24
8-K
Departure of Directors or Certain Officers
11 Dec 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
D/A
Indefinite amount in equity, sold $164.89 mm, 528 investors
11 Oct 23
8-K
Departure of Directors or Certain Officers
2 Oct 23
8-K
Regulation FD Disclosure
29 Sep 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
8-K
Regulation FD Disclosure
30 Jun 23
8-K
Submission of Matters to a Vote of Security Holders
2 Jun 23
Latest ownership filings
SC 13G/A
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO
12 Feb 24
3
David Pessah
20 Dec 23
3
Gauranga Pal
9 May 23
SC 13G/A
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO
10 Feb 23
3
Michael Jr. Occi
23 Jan 23
3
Thomas P Torrisi
3 Oct 22
SC 13G/A
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO
8 Feb 22
SC 13G/A
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO
17 May 21
SC 13G
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO
1 Apr 21
3
Initial statement of insider ownership
18 Mar 21
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 47.68 mm | 47.68 mm | 47.68 mm | 47.68 mm | 47.68 mm | 47.68 mm |
Cash burn (monthly) | (no burn) | 827.25 k | (no burn) | (no burn) | 3.45 mm | 1.23 mm |
Cash used (since last report) | n/a | 5.52 mm | n/a | n/a | 23.00 mm | 8.20 mm |
Cash remaining | n/a | 42.15 mm | n/a | n/a | 24.67 mm | 39.47 mm |
Runway (months of cash) | n/a | 51.0 | n/a | n/a | 7.2 | 32.1 |