Bain Capital raises $5.7bn for latest special situations fund
Bain Capital has raised $9bn (£7.1bn) for its Global Special Situations strategy, which provides flexible capital solutions to companies globally.
The fundraise includes $5.7bn in commitments to the Global Special Situations Fund II, including co-investments and separately managed accounts, as well as $3.3bn received by its Asia and Europe regional funds.
The company said the capital raise positions it as one of the largest special situations investors in the world.
The special situations strategy provides financing to companies that sits between private credit and equity. It focuses on providing capital solutions to fund growth and M&A, provide liquidity and optimise capital structures, as well as investing in hard assets and opportunistically in distressed situations.
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“Structural shifts are creating significant opportunities for creative capital providers who can fill the gaps between traditional strategies and provide enhanced value for companies, entrepreneurs, and asset owners,” said Barnaby Lyons, partner and global head of special situations.
“These catalysts demand innovative and adaptable investment solutions, backed by a global team with deep industry insights and robust strategic support. We’ve built one of the largest and most global special situations teams with over 140 investment professionals across four continents, and we see a substantial opportunity to further expand our global strategy and capabilities.”
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