Twitter LinkedIn
    Thursday, June 8
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Bain Raises $2 Billion in Biggest Asia Special Situation Pool
    Fundraising

    Bain Raises $2 Billion in Biggest Asia Special Situation Pool

    June 7, 2022Updated:June 7, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Bain Capital LP raised $2 billion for its second special situations fund, giving it the biggest pool of capital focusing on complex and structured credit and equity investments in Asia-Pacific.

    The second pool of cash is double the size of its first fund and the amount raised exceeded the $1.5 billion target, the Boston-based asset manager said. It will also receive $650 million each from separately managed accounts and its India Resurgence Fund, and a one-third contribution from its $4 billion global fund, Barnaby Lyons, global co-head of special situations, said in an interview. 

    Global banks scaled back their special situations investing after the 2008 financial crisis as the Volcker rule, part of the Dodd-Frank act passed in 2010, restricted investing. The region’s current dominant players include SSG Capital, which is India and Southeast Asia-focused, and Hong Kong-based PAG, which raised $950 million in its third Asia loan fund in 2018. Goldman Sachs Group Inc. is stepping up through hybrid investing in Asia from its $14 billion strategic solutions funds that focuses on credit and special situations globally, and KKR & Co. last month raised its first dedicated Asia credit fund at $1.1 billion.

    Read more: BNN Bloomberg

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Fundraising funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Parthenon Capital closes Fund VII at $4.5bn

    April 3, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Carlyle to sell Unison Software to buyout firm Madison Dearborn

    July 13, 2022

    UK-based start-ups raised USD19.6bn VC funding between January and August

    September 24, 2021

    BlackRock, Temasek staff up their Decarbonization Partners business

    January 28, 2022

    L’ATTITUDE Ventures closes first $100m fund focused on Latino-founded early-stage companies

    August 4, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?