Investor Presentaiton

STRATEGY OVERVIEW Bain Capital Credit's focus within the private credit market EBITDA SIZE LOWER MIDDLE MARKET UPPER MIDDLE MARKET / LARGE CORPORATES CORE MIDDLE MARKET <$10M >$75M -$500M+ $25M -$75M Core Middle Market Segment Attributes, based on our view Nimble companies with staying power LOAN TRANCHE SIZE ~$25M - $50M ~$500M - $3.5B+ ~$100M - $400M Greater ability for control TYPICAL SIZE OF LENDER GROUP 1-2 lenders COMPETITION 3-20 lenders 1-4 lenders Asset managers, banks Asset managers, banks, broadly syndicated loan. market Asset managers, banks COVENANTS Majority covenanted Majority covenant-lite Majority covenanted Less lender consensus risk Consistent deal flow and greater spread opportunity Seat at table to de-risk early, if needed DOCUMENTATION Greater lender protections Less lender protections Greater lender protections Less leakage in potential downside BainCapital CREDIT For illustrative purposes only. Actual results may vary. Represents Bain Capital Credit's view as of the date of this presentation and is subject to change. Please refer to the glossary of terms in the appendix on slide 29 for additional definitions. 15

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