Key Takeaways
- • Bain Capital's Private Credit Group invested approximately $6 billion across 58 investments in the first half of 2026, supporting refinancing, leveraged buyout, and add-on acquisition activity.
- • The group closed over $2.2 billion of new capital and made investments across 58 companies, including 34 new platforms.
- • Bain Capital Credit served as majority lender on approximately 72% of new commitments, with a weighted average portfolio company EBITDA of $56 million.
- • The Private Credit Group managed approximately $24 billion as of June 30, 2026, and has invested over $39 billion across 644 portfolio companies since inception.
- • Michael Ewald, Partner and Global Head of the Private Credit Group, described the period as one of the firm's most active investment periods in recent years.
Summary
Bain Capital, LP announced that its Private Credit Group invested approximately $6 billion to support the growth of middle market and private equity-backed companies during the first half of 2026, according to a Business Wire release dated August 27, 2026. The group made 58 investments supporting refinancing, leveraged buyout, and add-on acquisition activity for both new and existing portfolio companies, and closed over $2.2 billion of new capital for those investments.
The investments spanned senior secured debt, unsecured debt, and preferred and common equity, reflecting the group's flexible capital solutions. Of the 58 companies, 34 were new platforms. The firm served as majority lender on approximately 72% of new commitments, with a weighted average portfolio company EBITDA of $56 million. Bain Capital also invested over $200 million of junior capital across multiple new platforms. The release characterized credit performance across the diversified portfolio of more than 273 middle market businesses as strong.
Michael Ewald, Partner and Global Head of the Private Credit Group, said the first half was one of the group's most active investment periods in recent years, as the firm capitalized on a compelling environment for experienced lenders with stable capital to partner with sponsors seeking to return portfolio companies to growth. He added that the group remained disciplined and highly selective, targeting a broad and diversified set of opportunities across industry sectors.
The Private Credit Group, which focuses on complete financing solutions for businesses with EBITDA between $10 million and $150 million in North America, Europe, and Asia Pacific, has invested over $39 billion across 644 portfolio companies since its inception and has more than 25 years of middle market private debt experience. As of June 30, 2026, it managed approximately $24 billion of capital. Bain Capital, founded in 1984, reports approximately $225 billion in assets under management across five focus areas, including Credit.
The investments spanned senior secured debt, unsecured debt, and preferred and common equity, reflecting the group's flexible capital solutions. Of the 58 companies, 34 were new platforms. The firm served as majority lender on approximately 72% of new commitments, with a weighted average portfolio company EBITDA of $56 million. Bain Capital also invested over $200 million of junior capital across multiple new platforms. The release characterized credit performance across the diversified portfolio of more than 273 middle market businesses as strong.
Michael Ewald, Partner and Global Head of the Private Credit Group, said the first half was one of the group's most active investment periods in recent years, as the firm capitalized on a compelling environment for experienced lenders with stable capital to partner with sponsors seeking to return portfolio companies to growth. He added that the group remained disciplined and highly selective, targeting a broad and diversified set of opportunities across industry sectors.
The Private Credit Group, which focuses on complete financing solutions for businesses with EBITDA between $10 million and $150 million in North America, Europe, and Asia Pacific, has invested over $39 billion across 644 portfolio companies since its inception and has more than 25 years of middle market private debt experience. As of June 30, 2026, it managed approximately $24 billion of capital. Bain Capital, founded in 1984, reports approximately $225 billion in assets under management across five focus areas, including Credit.
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