{"id":6228,"date":"2023-05-09T09:41:25","date_gmt":"2023-05-09T13:41:25","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/exclusive-bain-capital-seeks-to-raise-4-billion-for-new-global-special-situations-fund-sources\/"},"modified":"2023-05-09T09:41:25","modified_gmt":"2023-05-09T13:41:25","slug":"exclusive-bain-capital-seeks-to-raise-4-billion-for-new-global-special-situations-fund-sources","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6228","title":{"rendered":"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo<\/span>
\n<\/i>\n<\/div>\n

By Kane Wu and Anirban Sen<\/p>\n

HONG KONG\/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an opportunity to snap up distressed and equity investments, two people familiar with the matter said. <\/p>\n

Bain 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 strategy, Bain Capital has adopted more flexibility on deploying capital and is investing in 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 totaled $139 billion this year, down 62% from the same period a year ago, Dealogic data showed. Since the beginning of 2020, distressed funds have raised about $115 billion globally, according to data from Preqin. <\/p>\n

DISTRESSED INVESTMENTS <\/p>\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 Preqin at the time said was the largest of its kind so far this year.<\/p>\n

Globally, Bain Capital\u2019s special situations strategy has $16 billion of assets under management. <\/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<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane Wu and Anirban Sen HONG KONG\/NEW YORK (Reuters) – Bain Capital is seeking to raise $4 billion for a new global “special situations fund” as the U.S. firm sees an […]<\/p>\n","protected":false},"author":1,"featured_media":1886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-6228","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nExclusive-Bain Capital seeks to raise $4 billion for new global special situations fund - sources | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=6228\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund - sources | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=6228\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T13:41:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/Brazil-Stock-Market_3_800x533_L_1414427437.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=6228#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=6228\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources\",\"datePublished\":\"2023-05-09T13:41:25+00:00\",\"dateModified\":\"2023-05-09T13:41:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=6228\"},\"wordCount\":502,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=6228#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=6228\",\"url\":\"https:\/\/ifintechworld.com\/?p=6228\",\"name\":\"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund - sources | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-09T13:41:25+00:00\",\"dateModified\":\"2023-05-09T13:41:25+00:00\",\"description\":\"\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=6228#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=6228\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=6228#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund - sources | iFintechWorld","description":"\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=6228","og_locale":"en_US","og_type":"article","og_title":"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund - sources | iFintechWorld","og_description":"\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane","og_url":"https:\/\/ifintechworld.com\/?p=6228","og_site_name":"iFintechWorld","article_published_time":"2023-05-09T13:41:25+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/Brazil-Stock-Market_3_800x533_L_1414427437.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=6228#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=6228"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources","datePublished":"2023-05-09T13:41:25+00:00","dateModified":"2023-05-09T13:41:25+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=6228"},"wordCount":502,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=6228#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=6228","url":"https:\/\/ifintechworld.com\/?p=6228","name":"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund - sources | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-09T13:41:25+00:00","dateModified":"2023-05-09T13:41:25+00:00","description":"\u00a9 Reuters. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS\/Kim Kyung-Hoon\/File Photo By Kane","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=6228#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=6228"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=6228#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Exclusive-Bain Capital seeks to raise $4 billion for new global special situations fund – sources"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/6228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6228"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/6228\/revisions"}],"predecessor-version":[{"id":6229,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/6228\/revisions\/6229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1886"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}