Bain Capital Credit, L.P. (a leading global credit specialist) announced that the firm’s Private Credit Group invested about $2 billion to support the growth of middle market and private equity-backed companies last year. Bain Capital Credit’s Private Credit Group invested in 58 businesses across 34 industries last year, supporting the refinancing, leveraged buyout, and add-on acquisition activity of both new and existing portfolio companies. With experience investing in middle-market private debt dating back to 1998, the Private Credit Group has invested over $22 billion across more than 475 portfolio companies since its inception.
The additional 2023 highlights include:
- Invested approximately $2 billion across 58 distinct portfolio companies, including 20 new platforms
- Served as majority lender to over 60% of new commitments
- Strong credit performance across our diversified portfolio of approximately 200 middle-market businesses
- Closed on $1.5 billion of new capital for investments
Bain Capital Credit’s dedicated Private Credit Group focuses on providing 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 about $12 billion of capital as of December 31, 2023 – 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:
“We continue to find differentiated investment themes that enable us to leverage our more than 25 years of in-house industry expertise in support of the growth of middle market sized companies. We continue to view the core middle market as an attractive and highly fragmented market and believe we are well-positioned to capitalize on opportunities through our longstanding senior direct lending and junior capital strategies while serving as a collaborative partner to high quality, growth-minded management teams and private equity sponsors.”
- Michael Ewald, a Partner and Global Head of the Private Credit Group
