Bain Capital Raises $2 Billion for 'Special Situations Asia Fund II'

[Asia Economy Reporter Minji Lee] Global private equity firm Bain Capital announced on the 7th that it has completed the fundraising for its second Asia-Pacific special situations fund, the ‘Bain Capital Special Situations Asia Fund II’ (hereafter ‘Fund II’).

The total committed capital of the fund exceeded $2 billion, far surpassing the initial target of $1.5 billion. As a result, the available capital for Bain Capital’s special situations strategy in the Asia-Pacific region is expected to reach $5 billion. This amount includes the Asia-Pacific assets under management of the global special situations fund and strategic co-investment commitments.

Fund II has received strong support from global institutional investors, including pension funds and sovereign wealth funds. Localized specialized investment teams lead operations in Korea, Japan, China, India, Southeast Asia, and Australia within the Asia-Pacific region, investing over $1 billion annually.

Barnaby Lyons, Managing Director of the Hong Kong office and Co-Head of Bain Capital Special Situations, explained, “The Asia-Pacific market, with its unique characteristics in each country, requires both long-accumulated global investment experience and expertise, as well as localization that understands the specificities and changing investment environments of each country. Major investment types include partnerships, liquidity support, and growth capital support for founders and management.”

The company expects that the establishment of the Special Situations Asia Fund will further accelerate Bain Capital’s business expansion in Korea. Bain Capital has previously executed buyout transactions in Korea, including the acquisition of Toshiba Semiconductor (now Kioxia) jointly with Carver Korea, Hugel, and the SK Group.

In May 2019, it also participated as a strategic investor in CJ’s acquisition of the U.S. company Schwan’s, and in May last year, it invested strategically in K Bank, followed by participation in the ‘Inspire Integrated Resort’ project being developed in Yeongjongdo, Incheon, in December.

Meanwhile, Bain Capital’s total assets under management amount to approximately $160 billion.

This content was produced with the assistance of AI translation services.