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Bain Capital Credit Announces $2B of Financing Investments in 2023

February 16, 2024, 07:35 AM
Filed Under: Private Equity

Bain Capital Credit announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.

Bain Capital Credit’s Private Credit Group invested in 58 businesses across 34 industries in 2023, 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 inception.

Additional 2023 highlights include:

  • Invested approximately $2 billion across 58 distinct portfolio companies, including to 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

“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,” Michael Ewald, a Partner and Global Head of the Private Credit Group. “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.”

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 $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.

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