Bain Capital Private Credit Files Q2 2025 10-Q

TL;DR

Bain Capital Private Credit dropped its Q2 2025 10-Q on Aug 14. All systems go from Boston HQ.

AI Summary

Bain Capital Private Credit filed its 10-Q for the period ending June 30, 2025. The filing, submitted on August 14, 2025, provides a quarterly update on the company's financial performance and operations. Key details regarding its business address at 200 Clarendon Street, Boston, MA, and its fiscal year end of December 31 are also included.

Why It Matters

This 10-Q filing provides investors and stakeholders with a crucial update on Bain Capital Private Credit's financial health and operational status for the second quarter of 2025.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant new risks.

Key Numbers

• 20250630 — Period End Date (Indicates the end of the reporting quarter.)
• 20250814 — Filing Date (Date the 10-Q was officially submitted to the SEC.)
• 0001899017 — Central Index Key (Unique identifier for Bain Capital Private Credit in SEC filings.)

Key Players & Entities

• Bain Capital Private Credit (company) — Filer of the 10-Q
• 200 Clarendon Street, Boston, MA 02116 (company) — Business and mailing address
• 0000950170-25-109036 (dollar_amount) — Accession Number for the filing
• 20250630 (dollar_amount) — Conformed period of report (end of Q2 2025)
• 20250814 (dollar_amount) — Filed as of date

FAQ

Key Financial Figures

• $0.01 — eneficial interest ("Common Shares ") , $0.01 par value per share, outstanding as of

Filing Documents

• ck0001899017-20250630.htm (10-Q) — 16426KB
• ck0001899017-ex10_25.htm (EX-10.25) — 221KB
• ck0001899017-ex10_26.htm (EX-10.26) — 167KB
• ck0001899017-ex31_1.htm (EX-31.1) — 17KB
• ck0001899017-ex31_2.htm (EX-31.2) — 18KB
• ck0001899017-ex32.htm (EX-32) — 15KB
• gfx183918685_0.jpg (GRAPHIC) — 1KB
• gfx183918685_1.jpg (GRAPHIC) — 1KB
• gfx184842206_1.jpg (GRAPHIC) — 1KB
• gfx184842206_0.gif (GRAPHIC) — 0KB
• 0000950170-25-109036.txt ( ) — 54418KB
• ck0001899017-20250630.xsd (EX-101.SCH) — 2349KB
• ck0001899017-20250630_htm.xml (XML) — 12054KB

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 30 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 76 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 112 Item 4.

Controls and Procedures

Controls and Procedures 112 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 114 Item 1A.

Risk Factors

Risk Factors 114 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 115 Item 3. Defaults Upon Senior Securities 115 Item 4. Mine Safety Disclosures 115 Item 5. Other Information 115 Item 6. Exhibits, Consolidated Financial Statement Schedules 116

Signatures

Signatures 119 i Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Although we believe that the assumptions on which th

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements BAIN CAPITAL PRIVATE CREDIT CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except share and per share data) As of As of June 30, 2025 December 31, 2024 (Unaudited) Assets Investments at fair value: Non-controlled/non-affiliate investment (amortized cost of $ 1,154,034 and $ 712,111 , respectively) $ 1,162,720 $ 712,198 Non-controlled affiliate investment (amortized cost of $ 4,550 and $ 4,800 , respectively) 5,492 5,101 Controlled affiliate investment (amortized cost of $ 16,625 and $ 0 , respectively) 16,889 — Cash and cash equivalents 41,012 15,441 Foreign cash (cost of $ 3,265 and $ 1,006 , respectively) 3,376 898 Collateral on forward currency exchange contracts 3,991 833 Restricted cash and cash equivalents 50 50 Deferred financing costs (net of accumulated amortization of $ 1,113 and $ 718 , respectively) 7,744 7,375 Interest receivable on investments 8,253 6,459 Dividend receivable on investments 252 — Unrealized appreciation on forward currency exchange contracts — 1,492 Receivable for investments sold 24,229 510 Prepaid insurance 427 309 Prepaid financing costs 36 75 Other receivables — 1,786 Total Assets $ 1,274,471 $ 752,527 Liabilities Debt $ 592,135 $ 378,101 Distributions payable 6,211 6,006 Subscriptions received in advanced 5,100 — Interest expense payable 5,773 3,976 Incentive fee payable 2,725 1,585 Repurchase of Common Shares payable 1,220 1,537 Base management fee payable 2,107 1,316 Accrued expenses and other liabilities 1,336 1,171 Unrealized depreciation on forward currency exchange contracts 3,831 — Payable for investments purchased 9,533 401 Total Liabilities 629,971 394,093 Commitments and Contingencies (See Note 9) Net Assets Common Shares, $ 0.01 par value ( 25,049,292 and 13,988,959

View Full Filing

View this 10-Q filing on SEC EDGAR