Special Situations Fund

Bain Capital targets $4 billion for global special situations fund.

Bain Capital is seeking to raise $4 billion for a new global "special situations fund" to snap up distressed investments in a broad range of asset classes. The firm has already raised about $2 billion for the new fund and is targeting a final close by the end of the year. Bain Capital's special situations strategy is now a standalone business, investing in a range of asset classes, including equity, distressed assets, loan portfolios, corporate investments, and real estate. Distressed funds have accelerated fundraising efforts over the past few years in anticipation of a downturn following a prolonged period of economic expansion.