Bain launches BDC

The new investment vehicle is set to lean heavily on Bain Capital's private credit group for deals.

Bain Capital Credit’s business development company (BDC) is finalised and set to close an initial stock offering of $109.3 million next week, according to regulatory filings.

The Boston-based investment firm on Thursday (6 October) submitted its BDC registration statement for Bain Capital Specialty Lending with the SEC, almost a year after Bain Capital Credit submitted the paperwork notifying the federal agency it planned to form a BDC.