We examine the capital flows, investment activity, and performance of Bain Capital's non-traded BDC, leveraging EvergreenLink Data.
Withdrawal requests at Barings Private Credit Corporation reached 10.68% of outstanding shares in Q3, with just 46.84% of validly tendered shares accepted on a pro-rata basis.
The commencement date adjustment follows Blue Owl's request for a new notice, citing a material difference between the originally proposed and announced purchase amounts.
The Canadian bank now holds 10.5% of Blue Owl Credit Income Corp. as shareholders sought to withdraw 16.8% of outstanding shares in Q3.
KKR FS Income Trust Select will satisfy liquidity demand in full after investors sought to withdraw 5.06% of outstanding shares in Q3.
Proceeds from the 7.600% issuance maturing in 2031 may be used for general corporate purposes and to repay existing borrowings.
OCIC and OTIC will buy back around $1.1 billion combined, leaving roughly $3.14 billion of Q3 demand unfulfilled.
Quarterly repurchase requests at GS Credit have historically remained below the fund's 5% offer cap.
Investor repurchase requests eased with net new withdrawal demand falling by approximately 60% QoQ.
The amended loan agreement with JPMorgan also introduces portfolio concentration limits on software investments.
