Bain Capital Private Credit

CIK 0001899017Bain Capital

Bain Capital Private Credit is a non-traded business development company advised by Bain Capital. With $1.7 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 89% in first-lien senior secured loans and 89% in floating-rate debt by fair value, at a weighted-average spread of 528 bps over the base rate. Its largest sector exposure is Health Care (14% of holdings).

NAV/Share

$25.98

AUM

$1.7B

Positions

412

Strategy

Private Credit

Wtd. Avg. Coupon

9.4%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.9 yrs

96% coverage

Top 10 Concentration

17.2%

PIK in Terms

8.6%

Instrument type

Share of portfolio fair value

First Lien

89%

of fair value

First Lien88.8%

Second Lien0.8%

Unsecured4.5%

Structured2.0%

Equity3.5%

Fund Vehicles0.3%

Industry exposure

Share of holdings fair value

Top 5

89%

of holdings

Health Care14.4%

Industrials13.0%

Materials4.6%

Consumer Discretionary4.2%

Financials3.8%

Communication Services2.1%

Consumer Staples2.0%

Other2.0%

Utilities0.9%

Unknown53.1%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.