Investor Presentaiton
MARKET OPPORTUNITY
While the rise of unitranche took share from junior capital structures in recent years, there
may be a greater opportunity set for select junior capital investors in the current market
MIDDLE MARKET SPONSORED VOLUME BY SECURITY
FIRST-LIEN
UNITRANCHE
SECOND-LIEN
MEZZANINE/SELLER NOTE
% UNITRANCHE VOLUME
$250B
$200B
$150B
$100B
$50B
الاس
35%
30%
25%
20%
15%
10%
5%
$OB
0%
2014
2015
2016
2017
2018
2019
2020
2021
2022
YTD 2023
BainCapital
CREDIT
As of September 30, 2023. Source: Refinitiv. Represents Bain Capital Credit's view as of the date of this presentation and is subject to change.
Past performance does not guarantee future results. Please refer to the glossary of terms in the appendix on slide 29 for additional definitions.
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