Bain Capital<\/a> is seeking to raise $4 billion for a new global “special situations fund” as the US firm sees an opportunity to snap up distressed investments in a broad range of asset classes, two people familiar with the matter said.<\/p>\nBain Capital kicked off the fundraising at the start of the year and has already raised about $2 billion for the new fund, said the sources, who requested anonymity as these discussions are confidential.<\/p>\n
The firm is targeting a final close of the fund by the end of the year, the sources added.<\/p>\n
Bain Capital declined to comment.<\/p>\n
In 2020, Bain Capital set up a previous global fund after securing $3.2 billion in commitments. The program was previously called Bain Capital Distressed and Special Situations Fund and used to sit within Bain Capital’s credit business.<\/p>\n
Bain Capital’s special situations strategy is now a standalone business, after being carved out with an independent team outside the umbrella of the credit unit.<\/p>\n
As part of the new strategy, Bain Capital has adopted more flexibility on deploying capital and is investing in a range of asset classes, including equity, distressed assets, loan portfolios, corporate investments, and real estate.<\/p>\n
While dealmaking involving buyout firms has slumped this year due to a challenging environment, distressed funds have accelerated fundraising efforts over the past few years in anticipation of a downturn following a prolonged period of economic expansion.<\/p>\n
Global buyout deals totalled $139 billion this year, down 62% from the same period a year ago, Dealogic data showed.<\/p>\n
Distressed Investments<\/h3>\n
A combination of rising interest rates, inflation and a regional banking crisis is driving up default rates, pressuring margins, and creating a liquidity crunch in financial services, thus providing opportunities for distressed investors.<\/p>\n
A string of investors, including Oaktree Capital Management and MidOcean Partners, have been marketing new special situations funds since last year, targeting troubled industries and credit-strained companies, according to PitchBook.<\/p>\n
In April, Diameter Capital closed a $2.2 billion special situations debt fund, which data provider Prequin at the time said was the largest of its kind so far this year.<\/p>\n
Globally, Bain Capital currently has $16 billion of assets under management as part of its special situations strategy.<\/p>\n
Since the launch of the strategy in 2002, Bain Capital Special Situations has invested over $28 billion in more than 850 deals across North America, Europe, and Asia Pacific, according to its website.<\/p>\n
Last year, Bain Capital closed a $2 billion “special situations fund” for Asia Pacific to cover a range of asset types, which included a focus on real estate.<\/p>\n
Reuters reported on Friday that Bain Capital is also nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors.<\/p>\n
Reuters<\/strong><\/p>\n<\/div>\n阅读更多（Read More）<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Bain Capital is seeking to raise $4 billion for a new g […]<\/p>\n","protected":false},"author":3,"featured_media":45189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=\/wp\/v2\/posts\/45188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45188"}],"version-history":[{"count":0,"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=\/wp\/v2\/posts\/45188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=\/wp\/v2\/media\/45189"}],"wp:attachment":[{"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gocpmall.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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