Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the amount raised for its second vintage of funds to a total of $9 billion.
This capital base reportedly includes Global Special Situations Fund II, which received $5.7 billion in total commitments, inclusive of “co-investments and separately managed accounts,” as well as $3.3 billion from the company’s previously closed Special Situations Asia and Europe regional funds.
The fundraise positions Bain Capital as one of the special situations investors.
Bain Capital’s Special Situations strategy combines capital solutions with strategic partnership to meet the needs of companies and asset owners.
The team brings credit and equity expertise, as well as corporate and real asset capabilities, to provide solutions that “cannot be met by traditional providers.”
With $20 billion+ assets under management, the strategy reportedly brings a differentiated ability to provide capital and operating value-add.
On a global scale, Special Situations pursues structural and cyclical opportunities across primary investment strategies:
- Capital Solutions: Investing and partnering with companies around the world to fund growth and M&A, provide liquidity, or optimize a company’s capital structure.
- Hard Assets: Supporting asset owners and operators across the capital stack to structure tailored investments and build platforms that address market inefficiencies.
- Opportunistic Distressed: Investing in complex and often misunderstood assets in dislocated market environments.
Barnaby Lyons, Partner and Global Head of Special Situations said that these catalysts demand “adaptable investment solutions, backed by a global team with deep industry insights and robust strategic support.”
While leveraging Bain Capital’s differentiated value creation, the Special Situations team brings operational capabilities to every transaction.
Its portfolio group of professionals offer operating and functional expertise from their experience in corporate roles.
Investments from the firm’s Special Situations strategy include AQ Compute, a European provider of “green, flexible, and modular data center and colocation services powered by renewable energy; Tyger Capital, a lender seeking to empower entrepreneurs, borrowers, and homeowners in India; MRO Holdings Inc., a leading provider of aircraft maintenance solutions for the global commercial airline industry; and Sikich, a leading professional services firm specializing in accounting, tax, and IT services in North America.”
As noted in the update, Bain Capital, LP is one of the private investment firms that creates lasting impact for investors.
They have applied their insight and experience to expand into asset classes including the following: equity, credit, public equity, venture capital, real estate, life sciences, insurance.
The firm has offices on four different continents, 1,850+ employees, and approximately $185 billion in AuM.
