Financial Risk Group Secures $14 Million in Funding from Main Street Capital Corporation.

Financial Risk Group, Inc. has received $14 million in funding from Main Street Capital Corporation, with the company issuing common shares and first lien, senior secured term debt. The transaction occurred on September 23, 2025. The funding from Main Street Capital Corporation marks participation from a new investor.

Houston, Sept. 23, 2025 -- Main Street Capital Corporation (NYSE: MAIN) has announced a new portfolio investment, investing $14.0 million in The Financial Risk Group, LLC (FRG) to facilitate a minority recapitalization. The transaction, completed on September 23, 2025, involves a combination of first lien, senior secured term debt, and a direct equity investment.

The Financial Risk Group, LLC, founded in 2006 and headquartered in Cary, North Carolina, offers specialized technology-enabled risk management advisory, implementation, and software solutions. FRG's services include risk analytics, data management consulting, process and software selection advisory services, software implementation, ongoing business analytics, technical support, and cloud-based hosting managed services. The company serves a broad range of blue-chip domestic and international financial institutions, insurance companies, and other commercial customers.

Main Street Capital Corporation, a principal investment firm, provides customized long-term debt and equity capital solutions to lower middle market companies. The investment in FRG aligns with Main Street's strategy to support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies across diverse industry sectors. This investment marks Main Street's participation as a new investor in FRG.

This recapitalization is a significant step for FRG, allowing the company to enhance its risk management capabilities and expand its services. The transaction will enable FRG to continue delivering innovative risk management solutions to its clients, positioning itself as a leader in the risk management industry.