Bain Raises $2 Billion in Biggest Asia Special Situation Pool

Bain Capital LP raised $2 billion for its second special situations fund, giving it the biggest pool of capital focusing on complex and structured credit and equity investments in Asia-Pacific.

The second pool of cash is double the size of its first fund and the amount raised exceeded the $1.5 billion target, the Boston-based asset manager said. It will also receive $650 million each from separately managed accounts and its India Resurgence Fund, and a one-third contribution from its $4 billion global fund, Barnaby Lyons, global co-head of special situations, said in an interview.

Bain has been accelerating its ...