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Alternative Assets  + Latest News  + Private Debt  | 
Bain Capital Credit Launches New BDC - Bain Capital Private Credit

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.

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Bain Capital Credit

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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