the external investment manager is accounted for as a portfolio investment of mscc , since the external investment manager conducts all of its investment management activities for parties outside of mscc and its consolidated subsidiaries or their portfolio companies . mscc has elected to be treated for federal income tax purposes as a regulated investment company ( `` ric `` ) under subchapter m of the internal revenue code of 1986 , as amended ( the `` code `` ) . as a result , mscc generally will not pay corporate-level federal income taxes on any net ordinary income or capital gains that it distributes to its stockholders . mscc has direct and indirect wholly owned subsidiaries that have elected to be taxable entities ( the `` taxable subsidiaries `` ) . the primary purpose of these entities is to hold certain investments that generate `` pass through `` income for tax purposes . each of the investment managers is also a direct wholly owned 60 subsidiary that has elected to be a taxable entity . the taxable subsidiaries and the investment managers are each taxed at their normal corporate tax rates based on their taxable income . unless otherwise noted or the context otherwise indicates , the terms `` we , `` `` us , `` `` our `` and `` main street `` refer to mscc and its consolidated subsidiaries , which include the funds , the taxable subsidiaries and , beginning april 1 , 2013 , the internal investment manager . overview we are a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market ( `` lmm `` ) companies and debt capital to middle market ( `` middle market `` ) companies . our portfolio investments are typically made to support management buyouts , recapitalizations , growth financings , refinancings and acquisitions of companies that operate in diverse industry sectors . we seek to partner with entrepreneurs , business owners and management teams and generally provide `` one stop `` financing alternatives within our lmm portfolio . we invest primarily in secured debt investments , equity investments , warrants and other securities of lmm companies based in the united states and in secured debt investments of middle market companies generally headquartered in the united states . our principal investment objective is to maximize our portfolio 's total return by generating current income from our debt investments and capital appreciation from our equity and equity related investments , including warrants , convertible securities and other rights to acquire equity securities in a portfolio company . our lmm companies generally have annual revenues between $ 10 million and $ 150 million , and our lmm portfolio investments generally range in size from $ 5 million to $ 50 million . our middle market investments are made in businesses that are generally larger in size than our lmm portfolio companies , with annual revenues typically between $ 150 million and $ 1.5 billion , and our middle market investments generally range in size from $ 3 million to $ 15 million . our private loan ( `` private loan `` ) investments are made in businesses that are consistent with the size of companies in our lmm portfolio or our middle market portfolio , but are investments which have been originated through strategic relationships with other investment funds on a collaborative basis . the structure , terms and conditions for these private loan investments are typically consistent with the structure , terms and conditions for the investments made in our lmm portfolio or middle market portfolio . our other portfolio ( `` other portfolio `` ) investments primarily consist of investments which are not consistent with the typical profiles for our lmm , middle market or private loan portfolio investments , including investments which may be managed by third parties . in our other portfolio , we may incur indirect fees and expenses in connection with investments managed by third parties , such as investments in other investment companies or private funds . our external asset management business is conducted through our external investment manager . we have entered into an agreement to provide the external investment manager with asset management service support in connection with its asset management business generally , and specifically for its relationship with hms income fund , inc. ( `` hms income `` ) . through this agreement , we provide management and other services to the external investment manager , as well as access to our employees , infrastructure , business relationships , management expertise and capital raising capabilities . in the first quarter of 2014 , we began charging the external investment manager for these services . our total expenses for the year ended december 31 , 2014 are net of expenses of $ 2.0 million charged to the external investment manager . the external investment manager earns management fees based on the assets of the funds under management and may earn incentive fees , or a carried interest , based on the performance of the funds managed . we seek to fill the financing gap for lmm businesses , which , historically , have had more limited access to financing from commercial banks and other traditional sources . the underserved nature of the lmm creates the opportunity for us to meet the financing needs of lmm companies while also negotiating favorable transaction terms and equity participations . our ability to invest across a company 's capital structure , from secured loans to equity securities , allows us to offer portfolio companies a comprehensive suite of financing options , or a `` one stop `` financing solution . providing customized , `` one stop `` financing 61 solutions is important to lmm portfolio companies . we generally seek to partner directly with entrepreneurs , management teams and business owners in making our investments . story_separator_special_tag `` for all periods prior to and including march 31 , 2013 , the internal investment manager was accounted for as a portfolio investment and included as part of the investment portfolio in our consolidated financial statements . the internal investment manager was consolidated with mscc and its other consolidated subsidiaries prospectively beginning april 1 , 2013 as the controlled operating subsidiary is providing substantially all of its services directly or indirectly to main street or our portfolio companies . portfolio investment valuation the most significant determination inherent in the preparation of our consolidated financial statements is the valuation of our investment portfolio and the related amounts of unrealized appreciation and depreciation . as of december 31 , 2014 and 2013 , our investment portfolio valued at fair value represented approximately 92 % and 95 % of our total assets , respectively . we are required to report our investments at fair value . we follow the provisions of fasb asc 820 , fair value measurements and disclosures ( `` asc 820 `` ) . asc 820 defines fair value , establishes a framework for measuring fair value , establishes a fair value hierarchy based on the quality of inputs used to measure fair value , and enhances disclosure requirements for fair value measurements . asc 820 requires us to assume that the portfolio investment is to be sold in the principal market to independent market participants , which may be a hypothetical market . market participants are defined as buyers and sellers in the principal market that are independent , knowledgeable and willing and able to transact . our portfolio strategy calls for us to invest primarily in illiquid debt and equity securities issued by private , lmm companies and debt securities issued by middle market companies that are generally larger in size than the lmm companies . we categorize some of our investments in lmm companies and middle market companies as private loan portfolio investments , which are primarily debt securities issued by companies that are consistent in size with either the lmm companies or middle market companies , but are investments which have been originated through strategic relationships with other investment funds on a collaborative basis . the structure , terms and conditions for these private loan investments are typically 65 consistent with the structure , terms and conditions for the investments made in our lmm portfolio or middle market portfolio . our portfolio also includes other portfolio investments which primarily consist of investments that are not consistent with the typical profiles for our lmm portfolio investments , middle market portfolio investments or private loan portfolio investments , including investments which may be managed by third parties . our portfolio investments may be subject to restrictions on resale . lmm investments and other portfolio investments generally have no established trading market while middle market securities generally have established markets that are not active . private loan investments may include investments which have no established trading market or have established markets that are not active . we determine in good faith the fair value of our investment portfolio pursuant to a valuation policy in accordance with asc 820 and a valuation process approved by our board of directors and in accordance with the 1940 act . our valuation policies and processes are intended to provide a consistent basis for determining the fair value of our investment portfolio . for lmm portfolio investments , we generally review external events , including private mergers , sales and acquisitions involving comparable companies , and include these events in the valuation process by using an enterprise value waterfall methodology ( `` waterfall `` ) for our lmm equity investments and an income approach using a yield-to-maturity model ( `` yield-to-maturity `` ) for our lmm debt investments . for middle market portfolio investments , we primarily use quoted prices in the valuation process . we determine the appropriateness of the use of third-party broker quotes , if any , in determining fair value based on our understanding of the level of actual transactions used by the broker to develop the quote and whether the quote was an indicative price or binding offer , the depth and consistency of broker quotes and the correlation of changes in broker quotes with underlying performance of the portfolio company and other market indices . for middle market and private loan portfolio investments in debt securities for which we have determined that third-party quotes or other independent pricing are not available or appropriate , we generally estimate the fair value based on the assumptions that we believe hypothetical market participants would use to value the investment in a current hypothetical sale using the yield-to-maturity valuation method . for our other portfolio equity investments , we generally calculate the fair value of the investment primarily based on the net asset value ( `` nav `` ) of the fund . all of the valuation approaches for our portfolio investments estimate the value of the investment as if we were to sell , or exit , the investment as of the measurement date . these valuation approaches consider the value associated with our ability to control the capital structure of the portfolio company , as well as the timing of a potential exit . for valuation purposes , `` control `` portfolio investments are composed of debt and equity securities in companies for which we have a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company 's board of directors . for valuation purposes , `` non-control `` portfolio investments are generally composed of debt and equity securities in companies for which we do not have a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company 's board of directors . under the waterfall valuation method , we estimate the enterprise value of a portfolio

cash flows for the year ended december 31 , 2014 , we experienced a net increase in cash and cash equivalents in the amount of $ 25.7 million , which is the net result of $ 190.9 million of cash used for our operating activities and $ 216.6 million provided by financing activities . during the period , we used $ 190.9 million of cash for our operating activities , which resulted primarily from ( i ) cash flows we generated from the ordinary operating profits earned through our operating activities totaling $ 84.5 million , which is our $ 99.8 million of distributable net investment income , excluding the non-cash effects of the accretion of unearned income of $ 10.5 million , payment-in-kind interest income of $ 4.7 million , cumulative dividends of $ 1.8 million and the amortization expense for deferred financing costs of $ 1.7 million , ( ii ) cash uses totaling $ 858.2 million from ( a ) the funding of new portfolio company investments and settlement of accruals for portfolio investments existing as of december 31 , 2013 , which together total $ 831.2 million , ( b ) the funding of new marketable securities and idle funds investments and settlement of accruals for marketable securities and idle funds investments existing as of december 31 , 2013 , which together total $ 22.7 million and ( c ) increases in other assets of $ 4.3 million , and ( iii ) cash proceeds totaling $ 582.8 million from ( a ) $ 554.7 million in cash proceeds from the repayments of debt investments and sales of equity investments , ( b ) $ 27.0 million of cash proceeds from the sale of marketable securities and idle funds investments and ( c ) $ 1.1 million related to increases in payables and accruals .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows for the year ended december 31 , 2014 , we experienced a net increase in cash and cash equivalents in the amount of $ 25.7 million , which is the net result of $ 190.9 million of cash used for our operating activities and $ 216.6 million provided by financing activities . during the period , we used $ 190.9 million of cash for our operating activities , which resulted primarily from ( i ) cash flows we generated from the ordinary operating profits earned through our operating activities totaling $ 84.5 million , which is our $ 99.8 million of distributable net investment income , excluding the non-cash effects of the accretion of unearned income of $ 10.5 million , payment-in-kind interest income of $ 4.7 million , cumulative dividends of $ 1.8 million and the amortization expense for deferred financing costs of $ 1.7 million , ( ii ) cash uses totaling $ 858.2 million from ( a ) the funding of new portfolio company investments and settlement of accruals for portfolio investments existing as of december 31 , 2013 , which together total $ 831.2 million , ( b ) the funding of new marketable securities and idle funds investments and settlement of accruals for marketable securities and idle funds investments existing as of december 31 , 2013 , which together total $ 22.7 million and ( c ) increases in other assets of $ 4.3 million , and ( iii ) cash proceeds totaling $ 582.8 million from ( a ) $ 554.7 million in cash proceeds from the repayments of debt investments and sales of equity investments , ( b ) $ 27.0 million of cash proceeds from the sale of marketable securities and idle funds investments and ( c ) $ 1.1 million related to increases in payables and accruals .
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 Suspicious Activity Report : the external investment manager is accounted for as a portfolio investment of mscc , since the external investment manager conducts all of its investment management activities for parties outside of mscc and its consolidated subsidiaries or their portfolio companies . mscc has elected to be treated for federal income tax purposes as a regulated investment company ( `` ric `` ) under subchapter m of the internal revenue code of 1986 , as amended ( the `` code `` ) . as a result , mscc generally will not pay corporate-level federal income taxes on any net ordinary income or capital gains that it distributes to its stockholders . mscc has direct and indirect wholly owned subsidiaries that have elected to be taxable entities ( the `` taxable subsidiaries `` ) . the primary purpose of these entities is to hold certain investments that generate `` pass through `` income for tax purposes . each of the investment managers is also a direct wholly owned 60 subsidiary that has elected to be a taxable entity . the taxable subsidiaries and the investment managers are each taxed at their normal corporate tax rates based on their taxable income . unless otherwise noted or the context otherwise indicates , the terms `` we , `` `` us , `` `` our `` and `` main street `` refer to mscc and its consolidated subsidiaries , which include the funds , the taxable subsidiaries and , beginning april 1 , 2013 , the internal investment manager . overview we are a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market ( `` lmm `` ) companies and debt capital to middle market ( `` middle market `` ) companies . our portfolio investments are typically made to support management buyouts , recapitalizations , growth financings , refinancings and acquisitions of companies that operate in diverse industry sectors . we seek to partner with entrepreneurs , business owners and management teams and generally provide `` one stop `` financing alternatives within our lmm portfolio . we invest primarily in secured debt investments , equity investments , warrants and other securities of lmm companies based in the united states and in secured debt investments of middle market companies generally headquartered in the united states . our principal investment objective is to maximize our portfolio 's total return by generating current income from our debt investments and capital appreciation from our equity and equity related investments , including warrants , convertible securities and other rights to acquire equity securities in a portfolio company . our lmm companies generally have annual revenues between $ 10 million and $ 150 million , and our lmm portfolio investments generally range in size from $ 5 million to $ 50 million . our middle market investments are made in businesses that are generally larger in size than our lmm portfolio companies , with annual revenues typically between $ 150 million and $ 1.5 billion , and our middle market investments generally range in size from $ 3 million to $ 15 million . our private loan ( `` private loan `` ) investments are made in businesses that are consistent with the size of companies in our lmm portfolio or our middle market portfolio , but are investments which have been originated through strategic relationships with other investment funds on a collaborative basis . the structure , terms and conditions for these private loan investments are typically consistent with the structure , terms and conditions for the investments made in our lmm portfolio or middle market portfolio . our other portfolio ( `` other portfolio `` ) investments primarily consist of investments which are not consistent with the typical profiles for our lmm , middle market or private loan portfolio investments , including investments which may be managed by third parties . in our other portfolio , we may incur indirect fees and expenses in connection with investments managed by third parties , such as investments in other investment companies or private funds . our external asset management business is conducted through our external investment manager . we have entered into an agreement to provide the external investment manager with asset management service support in connection with its asset management business generally , and specifically for its relationship with hms income fund , inc. ( `` hms income `` ) . through this agreement , we provide management and other services to the external investment manager , as well as access to our employees , infrastructure , business relationships , management expertise and capital raising capabilities . in the first quarter of 2014 , we began charging the external investment manager for these services . our total expenses for the year ended december 31 , 2014 are net of expenses of $ 2.0 million charged to the external investment manager . the external investment manager earns management fees based on the assets of the funds under management and may earn incentive fees , or a carried interest , based on the performance of the funds managed . we seek to fill the financing gap for lmm businesses , which , historically , have had more limited access to financing from commercial banks and other traditional sources . the underserved nature of the lmm creates the opportunity for us to meet the financing needs of lmm companies while also negotiating favorable transaction terms and equity participations . our ability to invest across a company 's capital structure , from secured loans to equity securities , allows us to offer portfolio companies a comprehensive suite of financing options , or a `` one stop `` financing solution . providing customized , `` one stop `` financing 61 solutions is important to lmm portfolio companies . we generally seek to partner directly with entrepreneurs , management teams and business owners in making our investments . story_separator_special_tag `` for all periods prior to and including march 31 , 2013 , the internal investment manager was accounted for as a portfolio investment and included as part of the investment portfolio in our consolidated financial statements . the internal investment manager was consolidated with mscc and its other consolidated subsidiaries prospectively beginning april 1 , 2013 as the controlled operating subsidiary is providing substantially all of its services directly or indirectly to main street or our portfolio companies . portfolio investment valuation the most significant determination inherent in the preparation of our consolidated financial statements is the valuation of our investment portfolio and the related amounts of unrealized appreciation and depreciation . as of december 31 , 2014 and 2013 , our investment portfolio valued at fair value represented approximately 92 % and 95 % of our total assets , respectively . we are required to report our investments at fair value . we follow the provisions of fasb asc 820 , fair value measurements and disclosures ( `` asc 820 `` ) . asc 820 defines fair value , establishes a framework for measuring fair value , establishes a fair value hierarchy based on the quality of inputs used to measure fair value , and enhances disclosure requirements for fair value measurements . asc 820 requires us to assume that the portfolio investment is to be sold in the principal market to independent market participants , which may be a hypothetical market . market participants are defined as buyers and sellers in the principal market that are independent , knowledgeable and willing and able to transact . our portfolio strategy calls for us to invest primarily in illiquid debt and equity securities issued by private , lmm companies and debt securities issued by middle market companies that are generally larger in size than the lmm companies . we categorize some of our investments in lmm companies and middle market companies as private loan portfolio investments , which are primarily debt securities issued by companies that are consistent in size with either the lmm companies or middle market companies , but are investments which have been originated through strategic relationships with other investment funds on a collaborative basis . the structure , terms and conditions for these private loan investments are typically 65 consistent with the structure , terms and conditions for the investments made in our lmm portfolio or middle market portfolio . our portfolio also includes other portfolio investments which primarily consist of investments that are not consistent with the typical profiles for our lmm portfolio investments , middle market portfolio investments or private loan portfolio investments , including investments which may be managed by third parties . our portfolio investments may be subject to restrictions on resale . lmm investments and other portfolio investments generally have no established trading market while middle market securities generally have established markets that are not active . private loan investments may include investments which have no established trading market or have established markets that are not active . we determine in good faith the fair value of our investment portfolio pursuant to a valuation policy in accordance with asc 820 and a valuation process approved by our board of directors and in accordance with the 1940 act . our valuation policies and processes are intended to provide a consistent basis for determining the fair value of our investment portfolio . for lmm portfolio investments , we generally review external events , including private mergers , sales and acquisitions involving comparable companies , and include these events in the valuation process by using an enterprise value waterfall methodology ( `` waterfall `` ) for our lmm equity investments and an income approach using a yield-to-maturity model ( `` yield-to-maturity `` ) for our lmm debt investments . for middle market portfolio investments , we primarily use quoted prices in the valuation process . we determine the appropriateness of the use of third-party broker quotes , if any , in determining fair value based on our understanding of the level of actual transactions used by the broker to develop the quote and whether the quote was an indicative price or binding offer , the depth and consistency of broker quotes and the correlation of changes in broker quotes with underlying performance of the portfolio company and other market indices . for middle market and private loan portfolio investments in debt securities for which we have determined that third-party quotes or other independent pricing are not available or appropriate , we generally estimate the fair value based on the assumptions that we believe hypothetical market participants would use to value the investment in a current hypothetical sale using the yield-to-maturity valuation method . for our other portfolio equity investments , we generally calculate the fair value of the investment primarily based on the net asset value ( `` nav `` ) of the fund . all of the valuation approaches for our portfolio investments estimate the value of the investment as if we were to sell , or exit , the investment as of the measurement date . these valuation approaches consider the value associated with our ability to control the capital structure of the portfolio company , as well as the timing of a potential exit . for valuation purposes , `` control `` portfolio investments are composed of debt and equity securities in companies for which we have a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company 's board of directors . for valuation purposes , `` non-control `` portfolio investments are generally composed of debt and equity securities in companies for which we do not have a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company 's board of directors . under the waterfall valuation method , we estimate the enterprise value of a portfolio

