Dechert Advises Bain Capital Credit in Launch of Non-traded Business Development Company
February 28, 2023
Dechert advised Bain Capital Credit, LP (Bain Capital Credit), a leading global credit specialist, in the launch of Bain Capital Private Credit (BCPC), a perpetual life, non-traded business development company.
As Bain Capital Credit’s second business development company, BCPC plans to invest at least 80 percent of its total assets in private credit investments. BCPC will offer access to income-producing investments in middle market companies that have historically been available to institutional investors, boosting Bain Capital Credit’s overall middle market strategy.
In line with Bain Capital Credit’s 25 years of experience executing its middle market private debt strategy, BCPC is focused on senior secured, floating rate loans, as well as select junior capital investments to enhance yield.
The Dechert team was led by New York-based financial services partners Richard Horowitz, Jonathan Gaines and Nadeea Zakaria.
About Dechert
Dechert is a leading global law firm with 21 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity, and efficient management of legal issues to deliver commercial and practical advice for clients.
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