Sign in

You're signed outSign in or to get full access.

Bain Capital Credit, LP

CIK:0001317947
Asset Manager
$27B AUM
6 holdings
Boston, MA, United States
Founded:1998
230 employees
Latest filing:Jun 30, 2025

Bain Capital Credit, LP is a leading global credit specialist headquartered in Boston, Massachusetts. Founded as Sankaty Advisors in 1998 by Jonathan Lavine, the firm invests across a range of credit strategies, including distressed debt, leveraged loans, private lending, high-yield bonds, structured products, non-performing loans (NPLs), and equities. Bain Capital Credit manages over $26.8 billion in assets and employs more than 230 professionals in offices across the US, Europe, Australia, and Asia. The firm serves institutional investors, pension funds, endowments, and other sophisticated clients seeking alternative credit exposure.

Investment Strategy

Bain Capital Credit pursues a diversified and opportunistic investment approach across the global credit spectrum, focusing on distressed debt, leveraged loans, private lending, high-yield bonds, structured products, non-performing loans, and select equity opportunities. Leveraging over 25 years of experience, the firm employs rigorous fundamental analysis and active portfolio management to target attractive risk-adjusted returns for institutional investors. Bain Capital Credit invests in both public and private markets, often supporting the growth or restructuring of middle-market and private equity-backed companies, and tailors strategies to capitalize on evolving opportunities across different economic cycles.

Latest 13F Filing Activity

Bain Capital Credit, LP filed their most recent 13F report on Jun 30, 2025 disclosing 6 equity positions with a total 13F market value of $276M. The fund increased holdings in Invesco Exch Traded FD TR II, SPDR Series Trust, Algoma STL Group Inc. among other positions. Bain Capital Credit, LP reduced exposure to Talos Energy Inc., Bain Cap Specialty Fin Inc., Ssga Active Etf TR among others.

Top Buys
B
BCSFBAIN CAP SPECIALTY FIN INC
-$18.4M
B
BKLNINVESCO EXCH TRADED FD TR II
+$17.0M
S
SRLNSSGA ACTIVE ETF TR
-$6.9M
J
JNKSPDR SERIES TRUST
+$4.1M
A
ASTLALGOMA STL GROUP INC
+$1.2M
Top Sells
T
TALOTALOS ENERGY INC
-$129.6M
B
BCSFBAIN CAP SPECIALTY FIN INC
-$18.4M
B
BKLNINVESCO EXCH TRADED FD TR II
+$17.0M
S
SRLNSSGA ACTIVE ETF TR
-$6.9M
J
JNKSPDR SERIES TRUST
+$4.1M

Top Holdings

B
BCSFBAIN CAP SPECIALTY FIN INC
+64.5%$177.8M
B
BKLNINVESCO EXCH TRADED FD TR II
+27.0%$74.5M
A
AMBCAMBAC FINL GROUP INC
+2.9%$7.9M
A
ASTLALGOMA STL GROUP INC
+2.1%$5.8M
S
SRLNSSGA ACTIVE ETF TR
+2.0%$5.5M

Equity Positions (6)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
BAIN CAP SPECIALTY FIN INC64.53%$177.8M11,822,433$9.88$15.04-$18.4M
INVESCO EXCH TRADED FD TR II27.04%$74.5M3,561,802$21.03$20.92+$17.0M
AMBAC FINL GROUP INC2.86%$7.9M1,108,012$11.21$7.10-$858.7K
ALGOMA STL GROUP INC2.09%$5.8M837,212$10.95$6.89+$1.2M
SSGA ACTIVE ETF TR1.99%$5.5M131,795$41.77$41.59-$6.9M

Industry Allocation

SURETY INSURANCE
+2.9%
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
+0.9%