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Bain Capital Specialty Finance, Inc. is a BDC focusing on senior direct lending to middle-market companies.
Bain Capital Specialty Finance, Inc. (the 'Company') is an externally managed, closed-end management investment company that focuses on providing senior direct lending to middle-market companies with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) between $10 million and $150 million. The company operates as a business development company (BDC) and is also treated as a regulated investment company (RIC), allowing it to avoid corporate-level taxes on income that is distributed to shareholders. Bain Capital Credit acts as the investment advisor for the company, overseeing its investment strategy and portfolio management, which primarily consists of senior secured loans and may extend to mezzanine debt and other junior securities.
The company aims to deliver risk-adjusted returns by focusing on structured financing with strong documentation and collateral backing. It strategically uses leverage to augment its investment capacity, maintaining a disciplined approach to investment selection and monitoring. With an experienced management team and a strong backing from Bain Capital Credit, the company leverages its network and expertise to source unique lending opportunities, face increasing competition in the market efficiently, and adapt to changing market conditions to meet its financial objectives.
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