Bain Capital Credit announced that the firm’s Private Credit Group acted as sole lender and administrative agent for a senior credit facility to support Audax Private Equity’s strategic investment in Congress Wealth Management, an independent registered investment advisor offering wealth management and investment advisory services to high-net-worth individuals and families in the U.S. Terms of the credit facility were not disclosed.

Headquartered in Boston and founded in 2009, Congress provides innovative and tailored wealth management and financial planning solutions for high-net-worth (“HNW”) individuals, foundations and endowments, and family offices.  The firm has experienced strong growth in recent years through new client acquisition and M&A.  With over $5 billion of assets under management today, Congress serves approximately 2,300 HNW and family office clients out of seven offices across the U.S.

“Congress is a high-quality RIA firm with a differentiated platform and unique value proposition, and we believe the business is well-positioned to capitalize on attractive growth opportunities in today’s diverse, fragmented wealth management market,” said June Huang, a Director at Bain Capital Credit.  “We appreciate the rapport we have built with the Audax team over the years and look forward to a successful continued partnership as we support their plans for Congress’ next chapter of growth and value creation.”