Bain Capital Specialty (BCSF)

• Market cap: $1.11B
• 1 day: 1.65%
• 5 days: -0.35%
• 1 month: 3.73%
• 3 months: 1.41%
• 6 months: 5.13%
• Year to date: 13.88%
• 1 year: 10.80%
• 5 years: -13.98%
• 10 years: -4.28%

About: Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company's objective is to provide risk-adjusted returns and current income to investors by investing predominantly in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA. Its portfolio of investments includes, First Lien Senior Secured Loan, Preferred Equity, Equity Interest, and Second Lien Senior Secured Loan among others.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

559% more call options, than puts

Call options by funds: $2.28M | Put options by funds: $346K

74% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 31

3.2% less ownership

Funds ownership: 51.07% [Q2] → 47.87% (-3.2%) [Q3]

6% less capital invested

Capital invested by funds: $537M [Q2] → $504M (-$32.3M) [Q3]

7% less funds holding

Funds holding: 141 [Q2] → 131 (-10) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

43% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 23