Bain Capital To Raise $4B For Special Situations Fund: Report

May 8, 2023 9:25 AM | 1 min read |

Bain Capital reportedly plans to raise $4 billion for a new global "special situations fund" to snap up distressed investments in various asset classes.
The financial services firm has already raised about $2 billion for the new fund, Reuters reported, citing two people familiar with the matter.
The report added that the firm is expected to close the fund by the end of the year.
Bain Capital Specialty Finance, Inc. BCSF is scheduled to report its first quarter of FY23 on May 9, 2023. BCSF is managed by BCSF Advisors, L.P., an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, L.P.
Price Action: BCSF shares are trading flat at $11.36 in the premarket session on the last check Monday.