Bain Capital Credit, LP (Boston)

Name: Bain Capital Credit, LP
Address: 200 Clarendon Street, Boston, MA, 02116
Telephone: 617-516-2318

Bain Capital Credit, LP is a large advisory firm based in Boston. It manages $34.01 billion of regulatory assets for 120 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Massachusetts.

Bain Capital Credit provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bain Capital Credit: assets under management

The assets under management (AUM) of Bain Capital Credit, LP is $34.01 billion. The firm's AUM has grown by 13% since the beginning of its operation, and $1.93 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $33.89 billion in discretionary accounts and $120.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $120.77 million.

Investments

The firm invests in other assets the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bain Capital Credit, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bain Capital Credit serves?

The only and largest group of clients of Bain Capital Credit is pooled investment vehicles with 84 clients and $23.94 billion of assets under management. Among the 8 most similar advisory firms, Bain Capital Credit has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $23.94 billion for 84 clients. 57% of the firm’s clients are foreign persons or businesses.

Bain Capital Credit also advises several private funds. Namely, sixty five hedge funds and thirty one securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Bain Capital Credit, LP

The company employs 350 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Scott Lavine	Managing director and chief investment officer	1 Dec 1997	Other	1869945
James Fullerton Kellogg	Managing director	1 Jan 2004	Other	2248970
Stuart Emlyn Davies	Managing director	1 Jan 2005	Other	2024712
David Michael Mccarthy	Managing director	1 Jan 2007	Other	6472664
Timothy Madison Barns	Managing director	1 Jan 2007	Other	3110591
Jeffrey Brooks Hawkins	Managing director and chief operating officer	1 Jan 2008	Other	5458588
Jonathan Mark Desimone	Managing director	1 Jan 2008	Other	6472651
Michael Alexander Ewald	Managing director	1 Jan 2009	Other	6472655
Jeffrey Michael Robinson	Managing director	1 Jan 2010	Other	6472673
Ranesh Nmn Ramanathan	Managing director and general counsel	1 Dec 2010	Other	5124080
Andrew Scott Viens	Executive vice president of operations	1 Jan 2014	Other	5458589
Sally Dee Fassler Dornaus	Managing director and chief financial officer	1 Jan 2014	Other	5458587
John Jay Wright Iii	Managing director	1 Jan 2014	Other	6838567
Christopher Michael Linneman	Managing director	1 Jan 2015	Other	1429531
Kathleen Hession Rockey	Managing director	1 Jan 2015	Other	6530815
Sean Michael Doherty	Managing director and chief compliance officer	1 Sep 2015	Other	5457249
Lp Bain Capital	Limited partner	1 Nov 2015	75% - 100%	04-3511291
Llc Bain Capital Credit (Gp)	General partner	1 Nov 2015	Other	47-5035975
Scott Franklin Weisman	Global chief compliance officer and senior regulatory counsel	1 Jul 2016	Other	6683283
Viva Ann Hyatt	Managing director	1 Jan 2017	Other	6754334
Carolyn Clark Hastings	Managing director	1 Jan 2017	Other	4564257
Scott Franklin Weisman	Managing director and global chief compliance officer	1 Jan 2018	Other	6683283
Michael Bennett Treisman	General counsel	1 May 2018	Other	5042660
James Goldman	Chief compliance officer - bain capital credit	1 Mar 2019	Other	6469099

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joshua Nmn Bekenstein	Partner	1 Oct 1984	Other	5458226
Joshua Bekenstein	Member	1 Oct 1984	Other	5458226
Stephen Gerard Pagliuca	Partner	1 Sep 1989	Other	4344369
John Patrick Connaughton	Partner	1 Dec 1997	Other	4343603
Michael Alan Krupka	Partner	1 Dec 1997	Other	5125779
Dwight Macvicar Poler	Partner	1 Oct 1999	Other	1748689
Steven William Barnes	Partner	1 Jan 2001	Other	5458225
Michael De Courcy Ward	Partner	1 Jan 2005	Other	5458255
Sean Michael Doherty	Partner	1 Jan 2005	Other	5457249
Llc Bain Capital (Gp)	General partner	1 Nov 2015	Other	47-5051499
Lp Bain Capital Holdings	Limited partner	1 Nov 2015	75% - 100%	81-1074169
Christopher Gardner Green	Partner	1 Sep 2018	Other	7090186

Based in Boston

The principal office where Bain Capital Credit, LP performs its advisory services is located at 200 Clarendon Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-516-2318 or by fax 617-516-2289. The normal business hours are 7:30am-8:00pm on Monday - Friday. You can find more information about the New York firm at baincapitalcredit.com/.