Bain Capital Raises $5.7 Billion for Global Special Situations

Bain Capital raised $5.7 billion for global special situations that will be deployed alongside the $3.3 billion it previously raised for funds and affiliated vehicles in Asia and Europe.

The latest fundraising includes capital for a new vehicle, Global Special Situations Fund II, as well as co-investments and separately managed accounts from investors including the New Mexico State Investment Council.

About a third of the $9 billion total has already been deployed, Barnaby Lyons, global head of Bain’s special situations group, said in an interview.

Capital solutions, which includes providing bespoke financing that sits between private credit and ...