# Bain Capital Credit, LP

> 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.

- CRD: 134852
- Filed as: BAIN CAPITAL CREDIT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: August 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/134852
- AdvisorCensus page: https://advisorcensus.com/firm/bain-capital-credit-lp-boston-ma-134852

## Quick answers

**How is Bain Capital Credit, LP compensated?**
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.

**Where is Bain Capital Credit, LP located?**
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).

**Is Bain Capital Credit, LP registered with the SEC or a state?**
Bain Capital Credit, LP is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 134852.

**How much does Bain Capital Credit, LP manage?**
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).

**How have Bain Capital Credit, LP's assets and staff changed since 2021?**
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.

**What types of clients does Bain Capital Credit, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (151); other (34).

**Which custodians does Bain Capital Credit, LP use?**
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.

**Does Bain Capital Credit, LP report any disciplinary disclosures?**
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

**What changed in Bain Capital Credit, LP's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon
- State Street Bank & Trust Company
- The Northern Trust Company
- US Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $76,302,227,970
- Discretionary: $75,666,996,983
- Non-discretionary: $635,230,987

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 151 | $65,506,086,359 |
| Other | 34 | $10,796,141,611 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2008 (18 years)
- Employees: 682 total, 272 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/134852

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Chicago, IL
- Dublin
- Guangzhou
- Hong Kong
- Lisbon
- London
- Madrid
- Melbourne
- Mumbai, Maharashtra
- New York, NY
- Seoul
- Shanghai
- Singapore
- Sydney Nsw
- Tokyo

### Websites listed on Form ADV (Item 1.I)
- baincapital.com
- baincapitalcredit.com
- baincapitalspecialsituations.com
- LinkedIn @bain-capital
- X @BAINCAPITAL
- YouTube @UCHLw83UfiBEm9RoLlZKPaig

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $44,217,604,844 | 419 | August 25, 2021 |
| October 2022 | $51,703,246,343 | 460 | August 24, 2022 |
| October 2023 | $56,099,956,549 | 521 | July 26, 2023 |
| October 2024 | $63,222,903,116 | 558 | August 26, 2024 |
| October 2025 | $67,990,954,130 | 633 | July 24, 2025 |
| October 2026 | $76,302,227,970 | 682 | August 17, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bain Capital Credit, LP (CRD 134852): Form ADV filing data as of October 2026.