Lincoln Financial, a provider of insurance, annuities, group benefits and retirement solutions, launched its new private market fund, the Lincoln Bain Capital Total Credit Fund.
The new evergreen fund, developed in partnership with Bain Capital, a global private investment firm, is designed to offer a globally varied portfolio of private credit investments, including loans to mid-sized private companies, asset-based finance, structured credit and opportunistic situations. The fund aims to provide individual investors with access to growth opportunities in the private market that have historically only been available to high-net-worth or institutional investors.
“For 120 years, our mission has been providing financial protection and security for our customers and their families, and we see a tremendous opportunity to extend that commitment by helping democratize access to private market investments,” Ellen Cooper, chairman, president and CEO of Lincoln Financial, said. “By partnering with Bain Capital to advance innovative solutions, we’re combining their more than 25 years of credit investment expertise with our world-class distribution platform and funds management experience to provide clients with expanded availability to a broader set of offerings.”
“Partnering with Lincoln is a significant milestone for our global credit platform, enabling us to leverage the dynamic and diversified approach of our multi-asset credit strategies with Lincoln’s extensive network of individual investors and intermediaries,” John Wright, partner and global head of credit at Bain Capital, said. “Together, we look forward to providing a broader set of investors with differentiated access to innovative private and asset-backed credit solutions.”
