BOSTON–(BUSINESS WIRE)–Bain Capital Credit, LP, a leading global credit specialist, today announced that the firm’s Private Credit Group invested $2.4 billion to support the growth of middle market and private equity-backed companies during the first half of 2022.
Bain Capital Credit’s Private Credit Group invested in more than 100 businesses across 27 industries in the first half of 2022, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing portfolio companies. With a track record of investing in middle market private debt dating back to 1998, the Private Credit Group has invested over $19 billion across over 450 portfolio companies since inception.
Additional first half 2022 highlights include:
Invested $2.4 billion across more than 100 distinct portfolio companies, including to 29 new platforms
Served as lead lender on approximately 70% of new commitments
Strong credit performance across our diversified portfolio of ~200 middle market businesses
Closed on over $1.5 billion of new capital for investments
“Our strong sourcing network and diversified deal pipeline has allowed us to maintain our selectivity and discipline when choosing which new investment opportunities to capitalize on,” said Michael Ewald, a Managing Director at Bain Capital Credit and Global Head of the Private Credit Group. “We remain attracted to the core mid-market – what we consider to be companies with $25 million to $75 million in EBITDA – as we believe this segment of the market represents a large and fragmented opportunity set. We look forward to continuing to be a partner of choice for high-performing, growth oriented mid-market and private equity-backed companies.”
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. The Private Credit Group, which managed approximately $9 billion of capital as of March 31, 2022, 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.
About Bain Capital Credit, LP
Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $57 billion in assets under management as of March 31, 2022. Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies. Our team of more than 400 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity, venture capital and real estate, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.