Bain Capital’s personal credit score group invested $1.8bn (£1.4bn) over the primary half of 2024 – nearly as a lot because it invested throughout everything of 2023.
The choice asset supervisor made 43 investments throughout 21 industries within the first six months of this yr, supporting the refinancing, leveraged buyout and add-on acquisition exercise of center market and personal equity-backed firms.
22 out of the 43 investments have been new portfolio firms.
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Moreover, the agency’s personal credit score group closed over $1bn of recent capital for investments over the interval.
The primary-half replace signifies substantial progress from final yr, when $2bn was invested in 58 companies over the entire 12 months.
“Our world and long-standing presence within the core center market, mixed with our robust focus and experience throughout key industries, together with expertise and software program, enterprise providers, and aerospace and defence, allows us to generate an energetic deal pipeline whereas remaining extremely selective in our investments,” stated Michael Ewald, a associate and world head of the personal credit score group.
“Whereas the personal credit score market continues to expertise important progress as many personal lenders have moved up market, we proceed to see enticing alternatives to supply and underwrite funding alternatives within the core center market and function a value-added capital supplier and enterprise associate to rising companies.”
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Bain’s personal credit score group focuses on offering financing options to companies with EBITDA ranging between $10m and $150m in North America, Europe and Asia Pacific.
The personal credit score group managed over $13bn of capital as of 31 March 2024.