Bain Capital Specialty Finance Q1 2021 Earnings Report

Announced strong first quarter earnings results driven by higher interest income, improved credit metrics, and net gains across a diversified portfolio.

Key Takeaways

Bain Capital Specialty Finance reported strong first-quarter earnings, driven by increased interest income, improved credit metrics, and net gains. The company invested $383.9 million in 26 portfolio companies and had $549.4 million in principal repayments and sales. Net increase in net assets resulting from operations was $31.8 million, or $0.49 per share.

Invested $383.9 million in 26 portfolio companies.

Principal repayments and sales totaled $549.4 million.

Net investment income was $22.2 million, or $0.34 per share.

Net increase in net assets resulting from operations was $31.8 million, or $0.49 per share.

Total Revenue

$49.8M

Previous year: $51.5M