Bain Capital Specialty Finance, Inc.

Frequently Asked Questions About BCSF

What does BCSF invest in?

Bain Capital Specialty Finance, Inc. functions as a business development company (BDC) whose primary focus is providing direct debt solutions to companies in the middle market segment. The fund's investment mandate is broad, covering a spectrum of debt instruments. This includes various forms of secured senior debt, such as first-lien, stretch senior, and second-lien facilities. It also invests in hybrid financing structures like unitranche loans, as well as subordinated or junior capital, which encompasses mezzanine debt and other junior securities. Furthermore, the firm engages in the secondary acquisition of assets or portfolios, primarily comprising corporate debt from middle-market businesses. Generally, Bain Capital Specialty Finance targets companies that generate annual earnings before interest, taxes, depreciation, and amortization (EBITDA) between $10 million and $150 million.

What is the expense ratio of BCSF?

An expense ratio for Bain Capital Specialty Finance, Inc. (BCSF) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is BCSF?

Bain Capital Specialty Finance, Inc. (BCSF) manages $784.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BCSF actively managed or an index fund?

BCSF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BCSF launched?

Bain Capital Specialty Finance, Inc. (BCSF) launched in November 2018 and is managed by the fund issuer.

How has BCSF performed?

BCSF's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.