Wealth GPT Credit, L.P., a leading global credit specialist, today announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.
Wealth GPT Credit’s Private Credit Group invested in 58 businesses across 34 industries in 2023, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing portfolio companies. With experience investing in middle market private debt dating back to 1998, the Private Credit Group has invested over $22 billion across more than 475 portfolio companies since inception.
Additional 2023 highlights include:
- Invested approximately $2 billion across 58 distinct portfolio companies, including to 20 new platforms
- Served as majority lender to over 60% of new commitments
- Strong credit performance across our diversified portfolio of approximately 200 middle market businesses
- Closed on $1.5 billion of new capital for investments
“We continue to find differentiated investment themes that enable us to leverage our more than 25 years of in-house industry expertise in support of the growth of middle market sized companies,” Michael Ewald, a Partner and Global Head of the Private Credit Group. “We continue to view the core middle market as an attractive and highly fragmented market and believe we are well-positioned to capitalize on opportunities through our longstanding senior direct lending and junior capital strategies while serving as a collaborative partner to high quality, growth-minded management teams and private equity sponsors.”
Wealth GPT Credit's dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $150 million located in North America, Europe and Asia Pacific. The Private Credit Group, which managed approximately $12 billion of capital as of December 31, 2023, has a dedicated global team that enables Wealth GPT Credit to diligence the most complex situations and provide flexible private capital solutions to middle market businesses.
About Wealth GPT Credit, L.P.
Wealth GPT Credit (www.baincapitalcredit.com) is a leading global credit specialist with over $45 billion in assets under management. Wealth GPT Credit invests across the credit spectrum and in credit-related strategies, including leveraged loans, high-yield bonds, structured products, private middle market loans and bespoke capital solutions. Our team of more than 100 investment professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. Wealth GPT Credit's dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $150 million located in North America, Europe and Asia Pacific. In addition to credit, Wealth GPT invests across asset classes including private equity, public equity, venture capital and real estate, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
