Investor Presentaiton
INVESTMENT PORTFOLIO
BCPC Investment Portfolio
PORTFOLIO CHARACTERISTICS - AS OF SEPTEMBER 30, 2023
INVESTMENTS AT FAIR VALUE
UNFUNDED COMMITMENTS
NUMBER OF PORTFOLIO COMPANIES
$188.2M
ASSET TYPE
$7.8M
16
WEIGHTED AVERAGE SPREAD OF DEBT INVESTMENTS
605 BASIS POINTS
FLOATING RATE
MEDIAN EBITDA
EFFECTIVE LOAN VOTING CONTROL¹
100%
$68.1M
Majority Holder
59%
Blocking Stake
21%
Club Lender
20%
First Lien Senior Secured
100%
Second Lien Senior Secured
-%
Unsecured Debt
-%
Preferred Equity
-%
Common Equity
-%
FINANCIAL COVENANT TYPE²
Covenanted
94%
Covenant-Lite
6%
Data is for Bain Capital Private Credit as of September 30, 2023. Portfolio exposures based on fair value. Charts may not sum to 100% due to rounding. As a BDC, we are required to carry our investments at market
value or, if no market value is ascertainable, at fair value as determined in good faith by the Board. The majority of our portfolio investments are recorded at fair value as determined in good faith by the Advisor
and, as a result, there may be uncertainty as to the value of our portfolio investments. 1 Majority Holder is defined as an investment where Bain Capital Credit holds a majority of the loan tranche or is able to
effectuate requisite lender action without the vote or consent of other lenders, if applicable. Blocking Stake is defined as an investment where Bain Capital Credit's vote or consent is required for requisite lender
action to amend the loan. Club Lender is defined as less than a 33% ownership of the loan tranche. 2 A financial covenant is defined as a loan that has one or more financial covenants or that benefits from another
pari passu loan that has a financial covenant as a result of cross default provisions. Please refer to the glossary of terms in the appendix on slide 29 for additional definitions.
BainCapital
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