Bain Capital Credit Launches New BDC – Bain Capital Private Credit

Bain Capital Credit, a global credit specialist, launched Bain Capital Private Credit (BCPC), a perpetual life, non-traded business development company (BDC). BCPC will offer access to income-producing investments in middle market companies that have historically been available mostly to institutional investors.

According to Boston-based Bain Capital Credit, the fund aims to deliver returns through directly originated debt investments focused on senior secured, floating rate loans, as well as select junior capital investments.

“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,” said Michael Boyle, partner at Bain Capital Credit.

Bain Capital Credit’s Private Credit Group manages $10 billion in assets. The private credit group has invested more than $20 billion spanning more than 450 portfolio companies since inception in 1998.

Separately, the company announced it invested $4 billion in 2022 in more than 120 businesses across 28 industries to support the growth of middle market and private equity-backed companies, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing portfolio companies.