U.S.-based Bain Capital Credit LP will move the European hub for its funds management business to Dublin, the Irish Independent reported Nov. 22.

The company, a division of Bain Capital LP, will rebrand Irish unit Broadhaven Credit Partners under the Bain name, the newspaper said, noting that Luxembourg had also been considered to house the business.

Sources said the choice of Dublin for the Bain Capital Credit business could lead to the Irish capital's also hosting the EU fund management operations of the parent company.