Public, non-traded

BCPC — Bain Capital Private Credit

Bain Capital Private Credit is a business development company managed by Bain Capital Credit. Strategy: middle-market direct lending.

What SpreadVista tracks for BCPC

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from BCPC's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and BCPC reports one on 66.4% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Non-accrual positions. The BCPC positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on BCPC's non-accruals, not a complete list.
•Top issuers by fair value. BCPC's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where BCPC's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 59% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as BCPC — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for BCPC

SpreadVista only serves what the filer machine-tagged, and only computes a metric where there is enough of it to stand behind. Each item below is either under that bar for BCPC or something we could not tie to any individual position — the note says which. We leave them blank rather than infer them:

•NAV per share. We have no NAV-per-share observation for BCPC. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.

See BCPC's full analytics

Free to research. Every BCPC position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

Get Free Access

About BCPC

Ticker: BCPC
Legal name: Bain Capital Private Credit
Manager / Advisor: Bain Capital Credit
Category: Public, non-traded
Strategy: Middle-market direct lending
Fiscal year end: 12-31
SEC CIK: 1899017 (Primary filings) (opens in new tab)

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

What SpreadVista tracks for BCPC

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from BCPC's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and BCPC reports one on 66.4% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Non-accrual positions. The BCPC positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on BCPC's non-accruals, not a complete list.

•Top issuers by fair value. BCPC's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where BCPC's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 59% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as BCPC — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for BCPC

•NAV per share. We have no NAV-per-share observation for BCPC. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.