Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, including co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds. This fundraising sets up Bain Capital as one of the largest special situations investors in the world.
Bain Capital’s Special Situations strategy combines bespoke capital solutions with strategic partnerships to meet the diverse needs of companies, entrepreneurs, and asset owners across all market cycles. And the team brings together credit and equity expertise, as well as corporate and real asset capabilities to provide solutions that traditional providers cannot meet. With over $20 billion in total assets under management, the strategy brings a differentiated ability to provide both capital and operating value-add.
The Special Situations fund pursues structural and cyclical opportunities across three primary investment strategies:
1.) Capital Solutions – Investing/partnering with companies around the world to fund growth and M&A, provide liquidity, or optimize a company’s capital structure.
2.) Hard Assets – Supporting asset owners and operators to structure tailored investments and build platforms that address market inefficiencies.
3.) Opportunistic Distressed – Investing in complex and often misunderstood assets across dislocated market environments.
While utilizing Bain Capital’s 40-year legacy of differentiated value creation, the Special Situations team brings significant operational capabilities to each transaction. And its portfolio group of 40+ professionals offer dedicated operating and functional expertise from their experience in corporate leadership roles.
The recent 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.
KEY QUOTES:
“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. 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.”
– Barnaby Lyons, Partner and Global Head of Special Situations
