Description

Bain Capital Specialty Finance, Inc. operates as a business development company, primarily focused on offering direct financial credit to mid-sized businesses. The fund's investment strategy spans a comprehensive array of debt instruments, including senior secured loans (whether with a first or second claim on collateral), specialized senior financing like stretch senior and unitranche, as well as junior debt options such as mezzanine financing and other subordinated securities. It also undertakes secondary purchases of asset bundles or portfolios, largely made up of corporate debt from middle-market companies. Generally, its target investments are in companies with earnings before interest, taxes, depreciation, and amortization (EBITDA) between $10 million and $150 million.