Bain Capital Closes Third CLO Captive Equity Fund at $1.5 Billion

A leader in global credit for over 25 years, the fund leverages the Bain Capital Credit team’s deep experience in issuing, managing, structuring, and investing in CLOs

BOSTON--(BUSINESS WIRE)-- Bain Capital today announced it completed fundraising for the third vintage of its collateralized loan obligation (“CLO”) captive equity strategy, Bain Capital Credit CLO Management III, LP (“CMV III”), with approximately $1.5 billion in total commitments.

CMV III includes approximately $1.2 billion of external commitments from a diverse group of new and existing limited partners globally, including corporate pension funds, sovereign wealth funds, family offices and high-net-worth individuals, endowments and foundations, and insurance companies. Bain Capital employees and alumni committed the balance of the fund, underscoring the firm's long-standing commitment to ensuring alignment with its investors.

CMV III primarily targets majority equity investments in the firm’s U.S. and European CLOs and warehouses. providing vintage and geographic diversification. The fund leverages Bain Capital Credit’s active, analytically driven approach and a long-tenured senior investment team with deep experience in issuing, managing, structuring, and investing in CLOs. CMV III also benefits from utilizing Bain Capital Credit’s dedicated 35-person Industry Research team1 when constructing and trading CLO portfolios.

“We believe the benefit of scale in captive equity strategies, which enables multi-year deployment and diversification across different market environments, creates a better return experience for investors,” said John Wright, Global Head of Credit at Bain Capital. “Historically, periods of market dislocation have created compelling entry points for disciplined deployment of CLO equity, and we are confident the Fund is well-positioned in the current environment to capitalize on opportunities to generate attractive returns. We are grateful for the support and partnership of our investors and look forward to continuing to execute our well-established strategy of delivering equity-like returns through exposure to diversified, senior secured corporate loans.”

A leader in global credit for over 25 years, Bain Capital Credit is one of the most experienced CLO managers in the industry, having managed more than 90 CLOs through multiple credit cycles since inception2. Bain Capital currently manages approximately $61 billion in credit assets across a broad range of strategies, including structured products, liquid credit, and private middle market loans3.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Credit & Capital Markets, Capital Solutions, Private Equity, Growth & Venture, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 28 offices on five continents, more than 1,960 employees, and approximately $215 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

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Source: Bain Capital

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