Bain Capital Special Situations Asia Fund II raises over US$2 Billion - Largest dedicated Special Situations fund in Asia-Pacific

Global private investment firm, Bain Capital, has announced the close of its second Asia-Pacific special situations fund, Bain Capital Special Situations Asia Fund II (“SSAII” or the “Fund”) - It is the largest dedicated special situations fund in Asia-Pacific. 

The fund closed with total capital commitments of more than US$2 billion, exceeding the $1.5 billion target. 

"Bain Capital Special Situations will now have nearly $5 billion of dedicated capital to invest in Asia-Pacific, including a material component of the Global Special Situations fund pool, the India Resurgence Fund and specific strategic accounts," a statement said.

Commenting on the announcement, Barnaby Lyons, a Hong Kong-based Managing Director and Global CoHead of Bain Capital Special Situations, said, “Today’s dynamic and diverse Asia Pacific markets require an investor who can match local  relationships with a deep global platform and expertise across a range of complex investment structures. We leverage these qualities to develop flexible investment solutions across market cycles. This includes helping companies accelerate their growth journey, providing liquidity for complex or misunderstood assets, and supporting entrepreneurs and operators as they grow their platforms."

“We’re investing heavily in our business in Asia-Pacific by continuing to grow our high-caliber and diverse team and by building rewarding career paths for our professionals,” added Lyons.