Bain Capital Private Credit Has Leadership Change, Declares Special Distribution
Jessica Yeager recently resigned from her position as vice president of non-traded business development company Bain Capital Private Credit in order to pursue other professional opportunities. According to the BDC, Yeager’s resignation was not a result of any disagreement within the company.
The BDC, which offers investors’ access to income-producing investments in middle-market companies, was launched by Bain Capital Credit LP in February 2023.
The BDC’s board appointed Adriana Rojas Garzón as VP, effective June 30, 2025. Rojas Garzón is already vice president and associate general counsel, capital markets, and joined Bain Capital in 2010. Prior to joining Bain Capital, she was an associate at Sullivan & Worcester LLP; there, her practice focused on credit transactions, corporate, securities, and mid-sized private equity transactions.
Rojas Garzón received an LLM from Boston University School of Law with concentrations in both securities laws and financial service transactions. She earned her Juris Doctorate from Boston College Law School and bachelor’s degree from Boston College.
In BDC performance news, the company’s Class I shares had a net asset value of $25.69 per share, as of May 31, 2025. This was an approximate 0.08% increase from the $25.67 NAV, month-over-month.
Its latest monthly regular distribution per share was $0.1875, as of June 25; it also announced a special distribution of $0.06 per share in the month of June, its first special distribution of the year. The regular and special distributions are payable to shareholders of record as of June 30, 2025, and will be paid on or around July 31.
The BDC’s annualized distribution yield was 9.2% as of May 31, 2025. Its aggregate NAV was $637.8 million and it had principal debt outstanding of $492.3 million, resulting in a debt-to-equity ratio of approximately 0.77x. The net debt-to-equity ratio, which represents principal debt outstanding, less cash and unsettled trades, was approximately 0.69x.
As of May 31, 2025, the BDC’s investment portfolio at fair value was approximately $1.07 billion across 135 portfolio companies operating across 25 different industries. The company’s investment portfolio was comprised of 91% in first lien senior secured debt, 5% in subordinated debt, 1% in preferred equity, 1% in common equity, and 2% in an investment vehicle. Approximately 95% of its debt investment portfolio was floating rate.
The BDC is currently offering on a continuous basis up to $2 billion in shares. It has issued 25,152,481 Class I shares equal to $639.9 million through June 1.
Bain Capital is an alternative asset management firm with approximately $185 billion in assets under management.
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