Global credit specialist Bain Capital Credit, LP announced that the firm’s Private Credit Group invested $1.8 billion to support the growth of middle market and private equity-backed companies during the first half of this year.
Specifically, Bain Capital Credit’s Private Credit Group made 43 investments across 21 industries in the first half of this year, supporting the refinancing, leveraged buyout, and add-on acquisition activity of new and existing portfolio companies. And with over 25 years of middle market private debt experience, the Private Credit Group has invested over $25 billion across 520 portfolio companies since inception. Some of the additional first-half 2024 highlights include:
1.) Investments across 43 companies including 22 new platforms
2.) Served as majority lender on approximately 60% of new commitments, with a weighted average portfolio company EBITDA of $47 million
3.) Strong credit performance across the firm’s diversified portfolio of over 175 middle market businesses
4.) New investments spanned senior secured debt, unsecured debt, and preferred and common equity given the flexible capital solutions
5.) Closed over $1 billion of new capital for investments
Bain Capital Credit’s dedicated Private Credit Group focuses on offering complete financing solutions to businesses with EBITDA between $10 million and $150 million located in North America, Europe and Asia Pacific. And The Private Credit Group, which managed over $13 billion of capital as of March 31, 2024, has a dedicated global team that enables Bain Capital Credit to diligence the most complex situations and provide flexible private capital solutions to middle market businesses.
KEY QUOTES:
“Our global and long-standing presence in the core middle market, combined with our strong focus and expertise across key industries, including technology and software, business services, and aerospace and defense, enables us to generate an active deal pipeline while remaining highly selective in our investments. While the private credit market continues to experience significant growth as many private lenders have moved up market, we continue to see attractive opportunities to source and underwrite investment opportunities in the core middle market and serve as a value-added capital provider and business partner to growing businesses.”
– Michael Ewald, a Partner and Global Head of the Private Credit Group
