MCG Capital Corporation (Nasdaq: MCGC) today announced the closing of a $23.7 million investment in Oceans Acquisition Inc.

MCG's investment consists of a senior secured unitranche credit facility and revolving line of credit.

Oceans Healthcare is a Louisiana healthcare company that specializes in the development and management of behavioral health services.

MCG's investment is made in conjunction with the acquisition of Oceans Healthcare by General Catalyst Partners, a venture capital and growth equity firm with $2.2 billion under management.

General Catalyst invests in both early and growth stage companies and partners with exceptional entrepreneurs who are building innovative companies and transforming industries.