{"url":"https://nivawealth.com/firms/bain-capital-credit-134852","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/134852","regulatoryAum":76302227970,"crd":"134852","secFileNumber":"801-69068","legalName":"Bain Capital Credit, LP","displayName":"Bain Capital Credit","website":"https://www.baincapital.com","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"200 Clarendon Street","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02116"},"tradeNames":[],"registration":{"secApproved":"17 April 2008","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":682,"advisory":272,"brokerDealerReps":26,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":75666996983,"discretionaryAccounts":182,"nonDiscretionary":635230987,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":69,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":151,"regulatoryAum":65506086359},{"label":"Other","clients":34,"regulatoryAum":10796141611}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"Pittsburgh, PA","smaAssets":4148115795},{"name":"State Street Bank & Trust Company","shortName":"State Street Bank & Trust","location":"Boston, MA","smaAssets":1735165569},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":2100071079},{"name":"US Bank","shortName":"US Bank","location":"Minneapolis, MN","smaAssets":1140668197}],"custodyNote":"Bain Capital Credit has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Paul Kelly","title":"Partner & Chief Operating Officer, Credit","crd":"2467161"},{"name":"James Goldman","title":"Chief Compliance Officer, Credit","crd":"6469099"},{"name":"Michael Ewald","title":"Partner","crd":"6472655"},{"name":"Kevin Gallagher","title":"Head of Investment & Trade Operations, Capital Markets","crd":"8066541"},{"name":"Carolyn Hastings","title":"Partner","crd":"4564257"},{"name":"Jeffrey Hawkins","title":"Partner","crd":"5458588"},{"name":"Viva Hyatt","title":"Partner","crd":"6754334"},{"name":"Sabrina Rusnak-Carlson","title":"General Counsel, Credit","crd":"6603519"},{"name":"Andrew Viens","title":"Partner & Head of Risk and Process Management, Capital Markets","crd":"5458589"},{"name":"Gregory Wipf","title":"Partner","crd":"4202491"},{"name":"John Wright III","title":"Partner","crd":"6838567"}],"ownership":[{"label":"Bain Capital, LP","detail":"Limited partner in the 75% or more ownership band and a control person, since November 2015. Also a member of Bain Capital Credit (GP), LLC in the 75% or more band and a control person, since November 2015."},{"label":"John Connaughton","detail":"Indirect owner: partner of Bain Capital Holdings, LP and a control person, since December 1997.","parent":"Bain Capital Holdings, LP"},{"label":"Bain Capital (GP), LLC","detail":"Indirect owner: general partner of Bain Capital, LP and a control person, since November 2015.","parent":"Bain Capital, LP"},{"label":"Bain Capital Holdings, LP","detail":"Indirect owner: a limited partner of Bain Capital, LP in the 75% or more band and a control person, since November 2015.","parent":"Bain Capital, LP"},{"label":"Michael Ward","detail":"Indirect owner: partner of Bain Capital Holdings, LP, since January 2005.","parent":"Bain Capital Holdings, LP"},{"label":"Christopher Green","detail":"Indirect owner: partner of Bain Capital Holdings, LP, since September 2018.","parent":"Bain Capital Holdings, LP"},{"label":"Scott Weisman","detail":"Indirect owner: partner of Bain Capital Holdings, LP, since January 2018.","parent":"Bain Capital Holdings, LP"},{"label":"David Gross","detail":"Indirect owner: partner of Bain Capital Holdings, LP and a control person, since January 2008.","parent":"Bain Capital Holdings, LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":16,"privateResidences":0},"listedOfficeAddresses":3,"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"222 West Adams Street Suite 2200","city":"Chicago"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"200 Clarendon Street","city":"Boston","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"535 Madison Avenue","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-516-2318","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":6},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":2},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":88,"detail":"Primarily Structured Credit (abs, RMBS, CMBS, Clo/Cdo Tranches) and Bank Loans."}],"privateFunds":158},"sources":{"adv1FilingDate":"17 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/134852/PDF/134852.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bain Capital Credit have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bain Capital Credit offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Bain Capital Credit use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bain Capital Credit have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Bain Capital Credit invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Bain Capital Credit?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bain Capital Credit get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/bain-capital-credit-134852/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1317947/000119312526350236/0001193125-26-350236-index.html","totalValue":367855084,"positionCount":6,"top10Share":1,"top10":[{"issuer":"BAIN CAP SPECIALTY FIN INC","titleOfClass":"COM STK","cusip":"05684B107","value":148016857,"shares":11822433,"shareType":"SH","priorValue":146598165,"priorShares":11822433},{"issuer":"ISHARES TR","titleOfClass":"IBOXX HI YD ETF","cusip":"464288513","value":126249679,"shares":1578713,"shareType":"SH","priorValue":70734966,"priorShares":889077},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"SR LN ETF","cusip":"46138G508","value":80907277,"shares":3971884,"shareType":"SH","priorValue":74661780,"priorShares":3658098},{"issuer":"OCTAVE SPECIALTY GROUP INC","titleOfClass":"COM NEW","cusip":"023139884","value":6913995,"shares":1108012,"shareType":"SH","priorValue":5152256,"priorShares":1108012},{"issuer":"ALGOMA STL GROUP INC","titleOfClass":"COM","cusip":"015658107","value":3344397,"shares":825777,"shareType":"SH","priorValue":3410460,"priorShares":825777},{"issuer":"SSGA ACTIVE ETF TR","titleOfClass":"ST STR BL LN ETF","cusip":"78467V608","value":2422879,"shares":60136,"shareType":"SH","priorValue":2413859,"priorShares":60136}],"positionsListed":6,"positions":[{"issuer":"BAIN CAP SPECIALTY FIN INC","titleOfClass":"COM STK","cusip":"05684B107","value":148016857,"shares":11822433,"shareType":"SH","priorValue":146598165,"priorShares":11822433},{"issuer":"ISHARES TR","titleOfClass":"IBOXX HI YD ETF","cusip":"464288513","value":126249679,"shares":1578713,"shareType":"SH","priorValue":70734966,"priorShares":889077},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"SR LN ETF","cusip":"46138G508","value":80907277,"shares":3971884,"shareType":"SH","priorValue":74661780,"priorShares":3658098},{"issuer":"OCTAVE SPECIALTY GROUP INC","titleOfClass":"COM NEW","cusip":"023139884","value":6913995,"shares":1108012,"shareType":"SH","priorValue":5152256,"priorShares":1108012},{"issuer":"ALGOMA STL GROUP INC","titleOfClass":"COM","cusip":"015658107","value":3344397,"shares":825777,"shareType":"SH","priorValue":3410460,"priorShares":825777},{"issuer":"SSGA ACTIVE ETF TR","titleOfClass":"ST STR BL LN ETF","cusip":"78467V608","value":2422879,"shares":60136,"shareType":"SH","priorValue":2413859,"priorShares":60136}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}