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.
Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo
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. 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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Bain Capital seeks to raise $4 billion for new global special situations fundBain 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 investments in a broad range of asset classes, two people familiar with the matter said.
Read more »
Jamie Foxx Is 'Stable and Not in a Life-Threatening Situation Now,' Says Source (Exclusive)A source tells PEOPLE that doctors are 'doing more tests and want to be completely sure that he will be okay before allowing' Foxx to be discharged
Read more »
How Mama June's Husband Handles All the 'Hateful' Comments About Their Relationship (Exclusive)Mama June Shannon and her husband Justin Stroud open up about the fan response and backlash to their relationship, why they were in such a rush to get married, why she proposed while he was in jail and how his family feels about him being on TV.
Read more »
28-year-old man in custody on capital murder charge after Murphy double murder-suicideMurphy police arrested Cristian Andres Bocanegra in connection with the shooting on April 10.
Read more »
Chinese Regime Study Suggests Building Second Capital in Uyghur Region to Erase IdentityRadio Free Asia (RFA) took note of a Chinese government study that recommended building a second national capital in Xinjiang province to decisively “end the historical concept that the region is the Uyghur people’s motherland.”
Read more »
Emmys: WGA Turns Away FYC Money from Struck Companies (Exclusive)'After deliberation with our legal department, all FYC production is now suspended,' a WGA rep notified companies on Saturday.
Read more »