Bain Capital Specialty Finance to Seek Investments
February 25, 2021 at 09:00 am EST
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Bain Capital Specialty Finance, Inc. (NYSE:BCSF) is looking for investments. Michael Ewald, Chief Executive Officer said, "Given the improved strength of our balance sheet in 2021, we will look to evaluate additional investment opportunities during the year while weighing a number of considerations, such as evaluating the company's liquidity position and leverage level, the portfolio's continued performance and credit quality and general market conditions, all while remaining disciplined in our credit selection approach".
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Its primary focus is capitalizing on opportunities within Bain Capital Creditâs Senior Direct Lending Strategy, which seeks to provide risk-adjusted returns and current income to investors by investing in middle-market companies with between $10 million and $150 million in annual earnings before interest, taxes, depreciation and amortization. It is focused on senior investments with a first or second lien on collateral and strong structures and documentation intended to protect the lender. It is managed by BCSF Advisors, LP.
BAIN CAPITAL SPECIALTY FINANCE, INC. 
