Key Takeaways
- • Bain Capital completed fundraising for its latest Global Special Situations Fund, bringing total capital for its second vintage of special situations funds to $9 billion of investable capital, per the firm's November 18, 2024 announcement.
- • Global Special Situations Fund II received $5.7 billion in total commitments, inclusive of co-investments and separately managed accounts, and was combined with $3.3 billion from the previously closed Special Situations Asia and Europe regional funds.
- • The strategy manages more than $20 billion in total assets under management and is run by a team of over 140 investment professionals across four continents, plus a portfolio group of more than 40 operating professionals.
- • The strategy spans three areas: Capital Solutions, Hard Assets, and Opportunistic Distressed.
- • Barnaby Lyons, Partner and Global Head of Special Situations, said the firm sees a substantial opportunity to further expand its global strategy and capabilities.
Summary
Bain Capital announced on November 18, 2024 that it had completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of special situations funds to $9 billion. The figure includes Global Special Situations Fund II, which received $5.7 billion in total commitments, inclusive of co-investments and separately managed accounts, and $3.3 billion from the firm's previously closed Special Situations Asia and Europe regional funds. The firm says the result positions it as one of the largest special situations investors in the world.
The Special Situations strategy combines bespoke capital solutions with strategic partnership for companies, entrepreneurs, and asset owners across market cycles. The team brings together credit and equity expertise, along with corporate and real asset capabilities. With more than $20 billion in total assets under management, the strategy offers both capital and operating value-add. Its activity is organized across three primary strategies: Capital Solutions, which funds growth and M&A, provides liquidity, or optimizes capital structures; Hard Assets, which supports asset owners and operators across the capital stack; and Opportunistic Distressed, which targets complex and often misunderstood assets in dislocated markets.
In a statement, Barnaby Lyons, Partner and Global Head of Special Situations, said structural shifts are creating significant opportunities for creative capital providers that fill gaps between traditional strategies. He said the team has more than 140 investment professionals across four continents. The firm cited its 40-year track record and said the portfolio group of more than 40 professionals offers dedicated operating and functional expertise drawn from corporate leadership roles.
Recent investments from the strategy include AQ Compute, a European provider of green, flexible, and modular data center and colocation services powered by renewable energy; Tyger Capital, an Indian lender serving entrepreneurs, borrowers, and homeowners; MRO Holdings Inc., a provider of aircraft maintenance solutions for the global commercial airline industry; and Sikich, a North American professional services firm specializing in accounting, tax, and IT services. Bain Capital, founded in 1984, manages approximately $185 billion in assets across private equity, credit, public equity, venture capital, real estate, life sciences, and insurance.
The Special Situations strategy combines bespoke capital solutions with strategic partnership for companies, entrepreneurs, and asset owners across market cycles. The team brings together credit and equity expertise, along with corporate and real asset capabilities. With more than $20 billion in total assets under management, the strategy offers both capital and operating value-add. Its activity is organized across three primary strategies: Capital Solutions, which funds growth and M&A, provides liquidity, or optimizes capital structures; Hard Assets, which supports asset owners and operators across the capital stack; and Opportunistic Distressed, which targets complex and often misunderstood assets in dislocated markets.
In a statement, Barnaby Lyons, Partner and Global Head of Special Situations, said structural shifts are creating significant opportunities for creative capital providers that fill gaps between traditional strategies. He said the team has more than 140 investment professionals across four continents. The firm cited its 40-year track record and said the portfolio group of more than 40 professionals offers dedicated operating and functional expertise drawn from corporate leadership roles.
Recent investments from the strategy include AQ Compute, a European provider of green, flexible, and modular data center and colocation services powered by renewable energy; Tyger Capital, an Indian lender serving entrepreneurs, borrowers, and homeowners; MRO Holdings Inc., a provider of aircraft maintenance solutions for the global commercial airline industry; and Sikich, a North American professional services firm specializing in accounting, tax, and IT services. Bain Capital, founded in 1984, manages approximately $185 billion in assets across private equity, credit, public equity, venture capital, real estate, life sciences, and insurance.
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