v3.26.1
Organization and Principal Business
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Principal Business Organization and Principal Business
Monroe Capital Income Plus Corporation (together with its subsidiaries, the “Company”) is a Maryland corporation that was formed as an externally managed, closed-end, non-diversified investment company. The Company is a specialty finance company organized to maximize the total return to the Company’s stockholders in the form of current income and capital appreciation through a variety of investments. The Company is managed by Monroe Capital BDC Advisors, LLC (“MC Advisors”). 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 as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company currently qualifies and intends to qualify annually to be treated as a RIC for U.S. federal income tax purposes.
The Company may conduct private offerings, subject to approval by the Company’s Board of Directors (the “Board”). The Company is conducting its second best efforts, continuous private offering of its common stock to “accredited investors” in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Regulation D under the Securities Act and to non-U.S. persons pursuant to Regulation S under the Securities Act. At each closing, an investor purchases shares of the Company’s common stock pursuant to a subscription agreement entered into with the Company. See Note 10 for additional information on the Company’s share activity.
The Company has formed the following wholly-owned subsidiaries, each for the purpose of entering into a debt facility. See Note 7 for additional information on each debt facility.
Wholly-Owned SubsidiaryDate of Formation of
Wholly-Owned Subsidiary
Debt Facility
MC Income Plus Financing SPV LLC (“SPV”)March 12, 2019Senior secured revolving credit facility (the “SPV Credit Facility”)
MC Income Plus Financing SPV II LLC (“SPV II”)December 20, 2022Secured term credit facility (the “SPV II Credit Facility”)
MC Income Plus Financing SPV III LLC (“SPV III”)January 24, 2024Senior secured revolving credit facility (the “SPV III Credit Facility”)
MC Income Plus Financing SPV IV LLC ("SPV IV")May 31, 2024Senior secured revolving credit facility (the “SPV IV Credit Facility”)
MC Income Plus Financing SPV V LLC ("SPV V")January 9, 2025Senior secured revolving credit facility (the “SPV V Credit Facility”)
Monroe Capital Income Plus ABS Funding, LLC (“2022 Issuer”)April 7, 2022Asset-backed securitization (the “2022 ABS”)
Monroe Capital Income Plus ABS Funding II, LLC (“2023 Issuer”)September 15, 2023Asset-backed securitization (the “2023 ABS”)
Monroe Capital Income Plus ABS Funding III, LLC ("2025 Issuer")November 19, 2025Asset-backed securitization (the "2025 ABS")
On April 14, 2026 (the "Closing Date"), the Company completed the previously announced purchase of the assets ("Asset Purchase") of Monroe Capital Corporation, a Maryland corporation (“MRCC”). The Asset Purchase was completed pursuant to the terms of the Asset Purchase Agreement ("Asset Purchase Agreement") among the Company, MRCC and MC Advisors. Pursuant to the Asset Purchase Agreement, on the Closing Date, the Company delivered to MRCC an aggregate purchase price of approximately $335,275, equal to the fair value of the Purchased Assets (as defined in the Asset Purchase Agreement) as of April 11, 2026, at which time MRCC sold to the Company all of its investment assets and the Company assumed certain liabilities with respect to such assets. See Note 6 for additional information on the Asset Purchase.