Clients
Bain Capital Credit serves 185 clients, 151 of them pooled investment vehicles. The average client has about $412 million with the firm.
- Pooled investment vehicles151 clients86%
- Other34 clients14%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 151 | $65,506,086,359 | 85.9% | $433.8M |
| Other | 34 | $10,796,141,611 | 14.1% | $317.5M |
| Total | 185 | $76,302,227,970 | 100% | $412.4M |
- Clients
- 151
- Regulatory AUM
- $65,506,086,359
- Share
- 85.9%
- Avg. per client
- $433.8M
- Clients
- 34
- Regulatory AUM
- $10,796,141,611
- Share
- 14.1%
- Avg. per client
- $317.5M
Total
- Clients
- 185
- Regulatory AUM
- $76,302,227,970
- Share
- 100%
- Avg. per client
- $412.4M
What it does
Bain Capital Credit provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, performance-based fees and other arrangements.
Bain Capital Credit advises 158 private funds.
99.2% of assets ($75.67B across 182 accounts) are managed with discretion; $635.2M across 3 accounts are not. 69% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 102%. The values below are shown as filed.
- Exchange-traded equity securities
- 1%
- U.S. government/agency bonds
- 1%
- Investment grade corporate bonds
- 6%
- Derivatives
- 1%
- Securities issued by registered investment companies or business development companies
- 1%
- Securities issued by pooled investment vehicles (other than registered investment companies)
- 2%
- Cash and cash equivalents
- 2%
- Other (Primarily Structured Credit (abs, RMBS, CMBS, Clo/Cdo Tranches) and Bank Loans.)
- 88%
Custodians
Bain Capital Credit’s client accounts are held mainly at The Bank of New York Mellon, with 5% of managed assets, and The Northern Trust, with 3%. Bain Capital Credit has custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · Pittsburgh, PA · $4.15B5%
- State Street Bank & TrustState Street Bank & Trust Company · Boston, MA · $1.74B2%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $2.10B3%
- US BankUS Bank · Minneapolis, MN · $1.14B1%
- All other custodians$67.18B88%
Ownership and leadership
Bain Capital, LP owns 75% or more of Bain Capital Credit.
- Owns 75% or more of Bain Capital Credit, LP
Bain Capital, LP
Control person · since November 2015
- Owns 75% or more of Bain Capital, LP
Bain Capital Holdings, LP
Control person · since November 2015
John Connaughton
Partner · Control person · since December 1997
Michael Ward
Partner · since January 2005
Christopher Green
Partner · since September 2018
Scott Weisman
Partner · since January 2018
David Gross
Partner · Control person · since January 2008
Bain Capital (GP), LLC
General partner · Control person · since November 2015
Leadership
- Paul KellyPartner & Chief Operating Officer, Credit
- James GoldmanChief Compliance Officer, Credit
- Michael EwaldPartner
- Kevin GallagherHead of Investment & Trade Operations, Capital Markets
- Carolyn HastingsPartner
- Jeffrey HawkinsPartner
- Viva HyattPartner
- Sabrina Rusnak-CarlsonGeneral Counsel, Credit
- Andrew ViensPartner & Head of Risk and Process Management, Capital Markets
- Gregory WipfPartner
- John Wright IIIPartner
Staff
- 682 employees
- 272 in advisory functions
- 26 broker-dealer reps
Reported holdings
Bain Capital Credit’s reported 13F holdings total $367.9M across 6 positions, and the ten largest make up 100.0% of it.
- $367.9M
- Reported 13F value
- 6
- Positions
- 100.0%
- In the 10 largest
- +21.4%
- Value vs. prior quarter
- Bain Cap Specialty Fin Inc. · Com Stk40.2%
- iShares TR · Iboxx HI YD ETF34.3%
- Invesco Exch Traded FD TR II · SR LN ETF22.0%
- Octave Specialty Group Inc.1.9%
- Algoma Stl Group Inc.0.9%
- Ssga Active ETF TR · ST Str BL LN ETF0.7%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $367.9M is not its $76.30B in regulatory assets and does not represent any individual client's portfolio.
Fees
Bain Capital Credit is paid through a percentage of assets under management, performance-based fees and other.
Bain Capital Credit’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Bain Capital Credit has 16 offices, with 3 listed addresses across 3 states.
Illinois · 1 listed address
- 222 West Adams Street Suite 2200, Chicago
Massachusetts · 1 listed address
- 200 Clarendon Street, BostonHQ
New York · 1 listed address
- 535 Madison Avenue, New York
Registration details
- Legal name
- Bain Capital Credit, LP
- Headquarters
- 200 Clarendon Street, Boston, MA 02116
- Phone
- 617-516-2318
- Website
- www.baincapital.com
- SEC file
- 801-69068
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Bain Capital Credit have?
Bain Capital Credit has 185 clients and manages $76.3 billion for them, as of August 2026. They include 151 pooled investment vehicles and 34 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026
What services does Bain Capital Credit offer?
Bain Capital Credit provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Bain Capital Credit use?
Bain Capital Credit’s separately managed account assets are held at The Bank of New York Mellon (Pittsburgh, PA), with $4,148,115,795, The Northern Trust Company (Chicago, IL), with $2,100,071,079, State Street Bank & Trust Company (Boston, MA), with $1,735,165,569 and US Bank (Minneapolis, MN), with $1,140,668,197. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 August 2026
How many financial advisors does Bain Capital Credit have?
Bain Capital Credit has 0 investment adviser representatives registered with state securities authorities, out of 682 employees, and 272 perform investment advisory functions. 26 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bain Capital Credit invest in?
At the end of its last fiscal year, Bain Capital Credit’s separately managed accounts held 88% primarily structured credit (abs, rmbs, cmbs, clo/cdo tranches) and bank loans., 6% investment grade corporate bonds, 2% pooled vehicles (private funds and similar), 2% cash and equivalents, 1% exchange-traded equities, 1% U.S. government and agency bonds, 1% derivatives and 1% registered funds (mutual funds, ETFs, BDCs). It advises 158 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bain Capital Credit?
Bain Capital Credit’s direct owner is Bain Capital, LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 August 2026
How does Bain Capital Credit get paid?
Bain Capital Credit is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file