BOSTON–(BUSINESS WIRE)–August 10, 2022–
Bain Capital Credit, LP, one of the world’s leading credit specialists, today announced that the firm’s Private Credit Group has invested $2.4 billion to support the growth of middle market businesses and corporate backed by private equity in the first half of 2022.
Bain Capital Credit’s Private Lending Group invested in more than 100 companies across 27 industries in the first half of 2022, supporting refinancing, leveraged buyout and add-on acquisition activity of new and existing portfolio companies. With a history of investing in middle-market private debt dating back to 1998, the Private Credit Group has invested more than $19 billion in more than 450 portfolio companies since its inception.
Other highlights of the first half of 2022 include:
- Invested $2.4 billion in over 100 distinct portfolio companies, including 29 new platforms
- Served as lead lender on approximately 70% of new commitments
- Strong credit performance in our diversified portfolio of around 200 middle market companies
- Closed on over $1.5 billion in new capital for investments
“Our strong sourcing network and diverse deal portfolio has allowed us to maintain our selectivity and discipline when choosing new investment opportunities to capitalize on,” said Michael Ewald, Managing Director of Bain Capital Credit and Head of of the Private Credit Group. “We remain attracted to the core of the middle market – what we consider businesses with EBITDA between $25 million and $75 million – because we believe this segment of the market represents a large and fragmented set of opportunities. We are looking forward to continuing to be a partner of choice for high-performing, growth-oriented mid-market and private equity firms.”
Bain Capital Credit’s Dedicated Private Credit Group is focused on providing comprehensive financing solutions to companies with EBITDA between $10 million and $150 million located in North America, Europe and Asia- Peaceful. The Private Credit Group, which managed approximately $9 billion in capital as of March 31, 2022, has a dedicated global team that enables Bain Capital Credit to handle the most complex situations and provide flexible private capital solutions to businesses. of the middle market.
About Bain Capital Credit, LP
Bain Capital Credit (www.baincapitalcredit.com) is a global credit specialist with approximately $57 billion in assets under management as of March 31, 2022. Bain Capital Credit invests in capital structure and across credit strategies . Our team of over 400 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests in asset classes including private equity, private equity, venture capital and real estate, and leverages the firm’s shared platform to seize opportunities in strategic areas.
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KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Bain Capital Credit, LP
Copyright BusinessWire 2022.
PUBLISHED: 08/10/2022 08:00 AM/DISC: 08/10/2022 08:02 AM
Copyright BusinessWire 2022.