Bain Capital Credit LP has registered Bain Capital Specialty Finance Inc. as a business development company with the U.S. Securities and Exchange Commission. The BDC, which is Bain Capital’s first, is investing primarily in middle-market companies with between $10 million and $150 million Ebitda, according to the Oct. 6 filing.
“We intend to focus on senior investments with a first or second lien on collateral and strong structures and documentation intended to protect the lender,” says the filing. “We may also invest in mezzanine debt and other junior securities and in secondary purchases of assets or portfolios, as described below. Investments are likely to include, among other things, (i) senior first lien, stretch senior, senior second lien, unitranche, (ii) mezzanine debt and other junior investments and (iii) secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.”