Bain Capital Private Credit announces distribution, NAV figures and portfolio update

Bain Capital Private Credit released a November 2025 update outlining distribution details, investment valuations and capital activity. The fund, structured as an emerging growth company, confirmed that no class of securities trades on a public exchange. Its latest disclosure described a regular distribution for Class I common shares, payable to holders of record at the end of November and scheduled for disbursement near the end of December. Investors enrolled in the reinvestment program may receive added shares in lieu of cash.

The filing also reported a Class I net asset value of 25.93 dollars as of October 31, 2025. Total NAV stood at 855.6 million dollars, while the fair value of portfolio investments reached approximately 1.50 billion dollars. Principal debt outstanding totaled 697.1 million dollars, translating to a debt-to-equity ratio close to 0.81 times. When adjusted for cash and unsettled trades, leverage measured about 0.76 times.

According to the update, the portfolio held positions across 146 companies spanning 26 industries. Based on fair value, the majority of assets were in first lien senior secured debt, complemented by smaller allocations in second lien senior secured exposure, subordinated debt, preferred equity, common equity and an investment vehicle. Most debt instruments carried floating-rate terms.

The fund continues a continuous public offering targeting up to 2.0 billion dollars in common shares. As of early November 2025 subscription reporting, total Class I shares issued amounted to 33.28 million for aggregate consideration of roughly 849.8 million dollars. Bain Capital Private Credit indicated that share sales are expected to continue monthly as part of its capital formation strategy.