Bain Capital has completed fundraising for its Special Situation Fund II, bringing the total amount raised for its second vintage of special situations platform funds to $9bn – $5.7bn for Fund II, inclusive of co-investments and separately managed accounts, and $3.3bn for the previously closed Special Situations Asia and Europe regional funds.
The fundraise positions 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 partnership to meet the diverse needs of companies, entrepreneurs, and asset owners across all market cycles. The team brings together credit and equity expertise, as well as corporate and real asset capabilities, to provide solutions not available via traditional providers. With more than $20bn total assets under management, the strategy brings a differentiated ability to provide both capital as well as operating value-add.
On a global scale, Special Situations pursues both structural and cyclical opportunities across three primary investment strategies:
Capital Solutions – Investing and partnering with companies around the world to fund growth and M&A, provide liquidity, or optimise a company’s capital structure; Hard Assets – supporting asset owners and operators across the capital stack to structure tailored investments and build platforms that address market inefficiencies; and Opportunistic Distressed – Investing in complex and often misunderstood assets in dislocated market environments.
Recent investments from the firm’s Special Situations strategy include AQ Compute, a European provider of green, flexible, and modular data centre and colocation services powered by renewable energy; Tyger Capital, a lender seeking to empower entrepreneurs, borrowers, and homeowners in India; MRO Holdings, a leading provider of aircraft maintenance solutions for the global commercial airline industry; and Sikich, a leading professional services firm specialising in accounting, tax, and IT services in North America.
