BCSF - Bain Capital Specialty Finance: Strong Yield With Little Risk

2024-02-10 05:55:23 ET

Summary

• Bain Capital Specialty Finance is a decent business with a secure risk profile and an attractive yield of over 11%.
• BCSF primarily invests in middle-market private companies, focusing on first or second lien loans secured by collateral.
• The company is positioned to benefit from weakening of regional banks.

Bain Capital Specialty Finance (BCSF) started as a curiosity for me. I recognized the Bain name, infamous from the days of the 2012 Presidential Election and the negative impact it had to Romney campaign. I naturally found it tempting to look at this company and see what's there....

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