Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed investments in a broad range of asset classes.
After being separated with a separate team outside the credit unit’s purview, the special circumstances strategy is now a stand-alone company. Bain resources is investing in a variety of asset classes, including stock, distressed assets, loan portfolios, business investments, and real estate as part of the new strategy. It has also embraced more flexibility in how it allocates resources.
Since the launch of the strategy in 2002, Company Special Situations has invested over $28 billion in more than 850 deals across North America, Europe, and Asia Pacific, according to its website. A $2 billion “special situations fund” for Asia Pacific was closed by Bain Capital last year to cover a variety of asset categories. The new fund is expected to close by the end of the year.
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What is the purpose of Bain Capital’s special situations fund ?
The purpose of Bain Capital’s special situations fund is to invest in distressed investments across various asset classes, including equity, distressed assets, loan portfolios, corporate investments, and real estate.
Since the unique circumstances strategy was separated out into its own department, it has become an autonomous enterprise. Bain Capital is now investing across many asset classes with more discretion. The company anticipates closing the fund by the end of the year, having already raised around $2 billion. Since the launch of the strategy in 2002, Bain Capital Special Situations has invested over $28 billion in more than 850 deals across North America, Europe, and Asia Pacific, according to its website.
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How Bain Capital special situations fund differ from its credit unit ?
The special circumstances fund at Bain Capital is distinct from the credit unit since the special situations strategy has been spun off into its own firm, staffed by a separate team.
The special situations fund invests in a range of asset classes, including equity, distressed assets, loan portfolios, corporate investments, and real estate, while the credit unit invests in liquid and structured credit, collateralized loan obligations (CLOs), and private credit.
The special situations fund has more flexibility on deploying capital and is focused on distressed investments across various asset classes.The special situations investment track record excludes investments from other Bain Capital Credit funds and separately managed accounts.
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