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Investor Presentaiton

MARKET OPPORTUNITY Private credit markets have significantly grown over the years supported by increased demand DIRECT LENDING AND MEZZANINE AUM ($B) PRIVATE EQUITY DRY POWDER $2,000 DIRECT LENDING & MEZZANINE INVESTED CAPITAL $1,500 $1,000 $500 $0 2007 2008 BainCapital CREDIT 2009 DIRECT LENDING & MEZZANINE DRY POWDER 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 DEMAND DRIVERS Banks retreating - consolidation and regulation Growth of private equity Investor demand for yield Greater public market technical dynamics Represents Bain Capital Credit's view as of the date of this presentation and is subject to change. List of drivers is not exhaustive. (1) Preqin, Pitchbook as of December 31, 2022. 10 10
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