Bain Capital Raises $9B Across Multiple Special Situations Funds

Bain Capital completed fundraising for its latest Global Special Situations Fund, bringing the total 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, inclusive of co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds.

Bain stated that the fund will engage in capital solutions, hard assets, and opportunistic distressed deals, with the goal of funding growth and M&A, developing platforms to address market inefficiencies, and assisting complicated and misunderstood assets in dislocation market settings.

“Structural shifts are creating significant opportunities for creative capital providers who can fill the gaps between traditional strategies,” said Barnaby Lyons, partner and global head of Special Situations.

The platform’s recent investments include AQ Compute, a European green data center provider; Tyger Capital, an Indian lending firm; MRO Holdings, an aircraft maintenance solutions provider; and Sikich, a North American professional services firm.

Founded in 1984, Bain Capital now manages approximately $185 billion in assets across multiple investment strategies.