Bain Capital Credit’s private credit group invested $1.3 million to support middle-market and private equity-backed companies during the first half of 2023. The group specifically invested in 30 businesses across 15 industries in the first half of 2023, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing portfolio companies. The group has invested more than $20 billion across more than 475 portfolio companies since inception.
During the first half of 2023, Bain Capital Credit’s private credit group invested in16 new platform companies, served as majority lender on approximately 80$ of new commitments, supported the launch of new asset-based lending company Legacy Corporate Lending and made an assortment of junior capital investments, including second lien, holdco PIK, preferred equity and common equity transactions.
“As many traditional lenders continue to curtail financing activities, it has opened up a greater opportunity set for private lenders, as borrowers value certainty of capital, especially during periods of increased volatility,” Michael Ewald, a partner at Bain Capital Credit and global head of the firm’s private credit group, said. “We are encouraged by our healthy deal pipeline as we continue to execute on our long-standing strategy of sourcing and underwriting attractive middle-market investment opportunities.”
