Carlyle Secured Lending vs Bain Capital Specialty Finance

This page compares Carlyle Secured Lending Inc and Bain Capital Specialty Finance Inc, examining business models, financial performance, and market context to explain the differences in approach and positioning for readers. Educational content, not financial advice.

This page compares Carlyle Secured Lending Inc and Bain Capital Specialty Finance Inc, examining business models, financial performance, and market context to explain the differences in approach and p...

About The Companies

Carlyle Secured Lending (CGBD)

Carlyle Secured Lending Inc (CGBD) is a publicly listed business development company (BDC) that primarily provides secured loans to middle‑market companies. Managed by an affiliate of the Carlyle Group, it seeks current income through interest and fee-bearing private credit positions, often first‑lien or otherwise secured. With a market capitalisation around $915.7m, CGBD appeals to investors seeking income and portfolio diversification away from traditional equities and bonds. Key considerations include sensitivity to credit cycles, manager alignment and fees, leverage levels within the BDC structure, and fair value of underlying loan assets. Dividends are an important part of the investment case but are not guaranteed and can fluctuate with realised returns and provisioning for credit losses. This summary is educational only and not personalised financial advice; suitability depends on your objectives, time horizon and risk tolerance. Always check the latest filings and consult a regulated adviser before investing.

Bain Capital Specialty Finance (BCSF)

Bain Capital Specialty Finance Inc (BCSF) is a publicly listed business development company (BDC) that provides lending and other credit solutions to middle‑market companies, primarily in the US. It aims to generate income through interest on floating and fixed‑rate loans, often focusing on senior secured and unitranche financings; income is typically distributed to shareholders as dividends. With a market capitalisation around $923m, BCSF may appeal to investors seeking yield, but it carries credit, leverage and interest‑rate sensitivity risks. Performance depends on the health of portfolio companies and the manager’s underwriting; total returns can vary and dividends are not guaranteed. Investors should consider the BDC structure, fee arrangements, and liquidity of shares, and weigh yield potential against the possibility of principal loss. This is general information for educational purposes, not personal investment advice.

Comparison Snapshot

Key Financial Metrics

CGBD

Metric

BCSF

$949.20M

Market Cap

$940.59M

1.77%

Potential Profit

4.60%

Hold

Analyst Rating

Hold

Which Baskets Do They Appear In?

Unlocking Value: The Finance Arm Spinoff

Harley-Davidson is negotiating the sale of a stake in its financing arm, a strategic move to raise significant capital. This theme focuses on other manufacturers with large, valuable financing units that could be prime candidates for similar spin-offs or sales to unlock value.

Published: July 29, 2025

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Banks in Private Credit

This carefully selected group of stocks captures the trillion-dollar shift as traditional banks enter the private lending arena. Our professional analysts have identified key Business Development Companies (BDCs) and specialized funds that stand to benefit from this growing financial trend.

Published: July 15, 2025

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Which Baskets Do They Appear In?

Unlocking Value: The Finance Arm Spinoff

Harley-Davidson is negotiating the sale of a stake in its financing arm, a strategic move to raise significant capital. This theme focuses on other manufacturers with large, valuable financing units that could be prime candidates for similar spin-offs or sales to unlock value.

Published: July 29, 2025

Explore Basket

Banks in Private Credit

This carefully selected group of stocks captures the trillion-dollar shift as traditional banks enter the private lending arena. Our professional analysts have identified key Business Development Companies (BDCs) and specialized funds that stand to benefit from this growing financial trend.

Published: July 15, 2025

Explore Basket

Investment Analysis