MSC Income Fund Plans Q4 2026 CEO Transition to Private Credit Head Nicholas Meserve
MSIF•MSC Income Fund will transition CEO duties from Dwayne L. Hyzak to Managing Director Nicholas T. Meserve in the fourth quarter of 2026, with Hyzak remaining as Executive Chairman. Meserve has led the Fund’s private loan investment strategy since inception and helped take the Fund public in 2025.
1. Leadership Transition Details
MSC Income Fund’s board has approved a plan for Nicholas T. Meserve to assume the role of CEO in the fourth quarter of 2026. Dwayne L. Hyzak, who has served as Chairman and CEO since October 2020, will transition to Executive Chairman and collaborate closely with Meserve during and after the handover.
2. Meserve’s Experience and Contributions
Nicholas T. Meserve has been a Managing Director of MSC Income since 2020 and has led the private credit investment team since the Fund’s inception. He drove the Fund’s growth strategy, helped complete its IPO in 2025, and brings over a decade of private loan portfolio management experience dating back to his time at Main Street Capital and Highland Capital Management.
3. Succession Plan Context
The transition is part of a broader long-term succession plan designed by the board to ensure continuity in leadership and investment strategy. Maintaining Hyzak as Executive Chairman aims to provide strategic guidance and support as Meserve steps into the CEO role and guides the Fund’s secured debt investment initiatives.
