{
  "crd_number": 134852,
  "slug": "bain-capital-credit-lp-boston-ma-134852",
  "primary_business_name": "BAIN CAPITAL CREDIT, LP",
  "legal_name": "BAIN CAPITAL CREDIT, LP",
  "dbas": [],
  "city": "Boston",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-04-17",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-08-17",
  "carried_forward": false,
  "raum_total": 76302227970.0,
  "raum_discretionary": 75666996983.0,
  "raum_non_discretionary": 635230987.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 682,
  "advisory_employees": 272,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 10796141611.0,
      "count": 34,
      "description": "SMAS"
    },
    "pooled_investment_vehicles": {
      "raum": 65506086359.0,
      "count": 151
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "MA"
  ],
  "websites": [
    "https://baincapital.com",
    "https://baincapitalcredit.com",
    "https://baincapitalspecialsituations.com",
    "https://linkedin.com/company/bain-capital",
    "https://x.com/BAINCAPITAL",
    "https://youtube.com/channel/UCHLw83UfiBEm9RoLlZKPaig"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134852",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/bain-capital-credit-lp-boston-ma-134852",
  "display_name": "Bain Capital Credit, LP",
  "summary": "Bain Capital Credit, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2008, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 17, 2026.",
  "citation": "AdvisorCensus. Bain Capital Credit, LP (CRD 134852): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Bain Capital Credit, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bain Capital Credit, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Bain Capital Credit, LP located?",
      "a": "Bain Capital Credit, LP's principal office is in Boston, MA, according to its Form ADV; the September 2026 filing also lists 15 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Bain Capital Credit, LP registered with the SEC or a state?",
      "a": "Bain Capital Credit, LP is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 134852."
    },
    {
      "q": "How much does Bain Capital Credit, LP manage?",
      "a": "Bain Capital Credit, LP reports $76,302,227,970 in regulatory assets under management in its Form ADV filing dated August 17, 2026 (99% discretionary)."
    },
    {
      "q": "How have Bain Capital Credit, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bain Capital Credit, LP: Regulatory assets under management: $44,217,604,844 in the October 2021 data and $76,302,227,970 in the October 2026 data, up 73%. Total employees: 419 in October 2021 and 682 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bain Capital Credit, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (151); other (34)."
    },
    {
      "q": "Which custodians does Bain Capital Credit, LP use?",
      "a": "Bain Capital Credit, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, State Street Bank & Trust Company, The Northern Trust Company and US Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Bain Capital Credit, LP report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/134852"
    },
    {
      "q": "What changed in Bain Capital Credit, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 255 to 272. Regulatory assets under management went from $67,990,954,130 to $76,302,227,970 (+12%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 44217604844.0,
      "total_employees": 419,
      "filing_date": "2021-08-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 51703246343.0,
      "total_employees": 460,
      "filing_date": "2022-08-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 56099956549.0,
      "total_employees": 521,
      "filing_date": "2023-07-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 63222903116.0,
      "total_employees": 558,
      "filing_date": "2024-08-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 67990954130.0,
      "total_employees": 633,
      "filing_date": "2025-07-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 76302227970.0,
      "total_employees": 682,
      "filing_date": "2026-08-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 255 to 272.",
        "Regulatory assets under management went from $67,990,954,130 to $76,302,227,970 (+12%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York Mellon",
      "name_as_filed": "BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "State Street Bank & Trust Company",
      "name_as_filed": "STATE STREET BANK & TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "US Bank",
      "name_as_filed": "US BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/bain-capital-credit-lp-boston-ma-134852.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 151,
      "fewer_than_5": false,
      "raum": 65506086359.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 34,
      "fewer_than_5": false,
      "raum": 10796141611.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134852",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}