Bain Capital Credit, a global credit specialist, invested $1.8 billion through its private credit group to support the growth of middle market and private equity-backed companies during H1/24.
Bain Capital Credit’s private credit group made 43 investments across 21 industries in H1/24, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing portfolio companies.
Additional H1/24 highlights include:
- Investments across 43 companies, including 22 new platforms
- Served as majority lender on approximately 60% of new commitments, with a weighted average portfolio company EBITDA of $47 million
- Strong credit performance across diversified portfolio of more than 175 middle market businesses
- New investments spanned senior secured debt, unsecured debt and preferred and common equity
- Closed over $1 billion of new capital for investments
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“Our global and long-standing presence in the core middle market, combined with our strong focus and expertise across key industries, including technology and software, business services and aerospace and defense, enables us to generate an active deal pipeline while remaining highly selective in our investments,” Michael Ewald, a partner and global head of the private credit group for Bain Capital, said. “While the private credit market continues to experience significant growth as many private lenders have moved up market, we continue to see attractive opportunities to source and underwrite investment opportunities in the core middle market and serve as a value-added capital provider and business partner to growing businesses.”
