Non-Controlled/Non-Affiliate Investments was Bain Capital Specialty Finance’s largest revenue line in fiscal 2024, bringing in $446.38M of $585.31M (76%).
| Investment, Issuer Affiliation | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Non-Controlled/Non-Affiliate Investments | $336.41M | $432.16M | $446.38M |
| Controlled Affiliate Investments | $76.44M | $129.39M | $129.88M |
| Non-Controlled/Affiliate Investments | $26.24M | $34.03M | $9.04M |
| Total | $439.09M | $595.58M | $585.31M |
Bain Capital Specialty Finance brought in $585.31M from its three revenue lines in fiscal 2024, the year ended December 31, 2024. That was down 1.7% from $595.58M in fiscal 2023. Non-Controlled/Non-Affiliate Investments was the largest at $446.38M (76.3%), ahead of Controlled Affiliate Investments at $129.88M (22.2%) and Non-Controlled/Affiliate Investments at $9.04M (1.5%).
Compared with fiscal 2023, Non-Controlled/Non-Affiliate Investments grew 3.3% to $446.38M and Controlled Affiliate Investments grew 0.4% to $129.88M. From fiscal 2022 to 2024, combined revenue from these revenue lines grew from $439.09M to $585.31M, a compound annual growth rate of 15.5%. Non-Controlled/Non-Affiliate Investments' share held steady at about 76.3%.
Bain Capital Specialty Finance (BCSF) reports its revenue by investment, issuer affiliation. In fiscal 2024, Non-Controlled/Non-Affiliate Investments was its largest revenue line, bringing in $446.38M (76.3% of the total), followed by Controlled Affiliate Investments at $129.88M (22.2%).
Non-Controlled/Non-Affiliate Investments was Bain Capital Specialty Finance's largest revenue line in fiscal 2024, bringing in $446.38M, or 76.3% of the $585.31M total across its three revenue lines.
Non-Controlled/Non-Affiliate Investments grew faster than Controlled Affiliate Investments in fiscal 2024, up 3.3% from $432.16M to $446.38M. Controlled Affiliate Investments grew 0.4% to $129.88M.
Every figure comes from Bain Capital Specialty Finance's annual financial filings, as reported. Each line keeps the name Bain Capital Specialty Finance gives it, and years follow its fiscal calendar.
Bain Capital Specialty Finance's revenue by investment, issuer affiliation goes back to fiscal 2022, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.