Bain Capital Credit, a leading global credit specialist, announced the launch of Bain Capital Private Credit (“BCPC” or the “Fund”), a perpetual life, non-traded business development company. The Fund will offer access to income-producing investments in middle market companies that have historically been available mostly to institutional investors. Bain Capital Credit has been a longstanding investor in the middle market since its founding in 1998.
Bain Capital Private Credit seeks to deliver investors current income and favorable risk-adjusted returns primarily through directly originated debt investments in middle market companies. In line with Bain Capital Credit’s 25-years of experience executing its middle market private debt strategy, BCPC is focused on senior secured, floating rate loans, as well as select junior capital investments to enhance yield.
“Bain Capital’s principal investing heritage has allowed us to remain strongly aligned with our investors over time. We are privileged to have a capital base that serves as a core part of institutional credit portfolios, and the launch of BCPC allows us to bring our differentiated investment capabilities and expertise to a wider set of investors,” said Michael Ewald, a Partner at Bain Capital Credit and Global Head of the Private Credit Group. “We believe our global credit platform is well-positioned to continue to execute on our successful middle market investment strategy on behalf of Fund investors.”
Bain Capital Credit’s Private Credit Group manages $10 billion in assets and has a dedicated global team that provides comprehensive coverage and broad geographical reach across the middle market that leverages the resources, expertise and relationships across the Bain Capital platform. The Private Credit Group, which has invested more than $20 billion across over 450 portfolio companies since inception, has flexible investment capabilities to provide private credit solutions across the capital structure through its investment strategies focused on senior secured debt and junior capital investing.
“We are excited about the opportunity set ahead of us with private credit markets benefitting from attractive yields and more lender-friendly terms characterized by tight documentation and favorable structures,” added Michael Boyle, a Partner at Bain Capital Credit. “Investment selection and underwriting high quality companies is going to be especially paramount given market uncertainties and a slower economic growth backdrop and we believe Bain Capital’s disciplined value-added approach that was founded on an intensive, consulting-based process is well-suited to the current environment for our investors.”
BCSF Advisors, LP, a subsidiary of Bain Capital Credit, LP, serves as the investment adviser for the Fund.