Bain Capital Credit invested approximately $2bn (£1.59bn) into middle market and private equity-backed companies in 2023, the company has revealed.
The private credit group invested in 58 businesses across 34 industries last year. The money was used to support refinancing, leveraged buyouts and add-on acquisition activity.
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To date, Bain Capital Credit has invested more than $22bn across more than 475 portfolio companies.
“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,” said 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.”
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Bain Capital Credit’s private credit group provides financing solutions to businesses which have a revenue of between $10m and $150m, and are located in North America, Europe or Asia Pacific.
Last year, the company served as a majority lender to over 60 per cent of new commitments. It also closed on $1.5bn of new capital for investments.
