Bain Capital aims to raise $4bn for 'special situations fund'
Bain Capital currently has $16bn of assets under management as part of its special situations strategy
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Bain Capital currently has $16bn of assets under management as part of its special situations strategy
Diameter Capital Partners announced the final close of Diameter Dislocation Fund II (DDF II) at the hard cap with $2.2 billion of capital commitments.
The fund will invest across sectors and focus on dislocated performing credit, stressed and distressed investments emerging from either micro-cyclical dislocations or macro challenges.
By Paola Aurisicchio 04 May 2021 More managers are eyeing the rare US CLO structure which combines both leveraged loans and high yield bonds, in search of more flexibility, and to capitalize on the mispricing between the high yield and leveraged loan markets. The hybrid bond-loan structure, interchangeably called CBO, CDO or hybrid CLO, has been linked so far to specialized managers, such as Anchorage Capital Group, with extensive expertise in the high yield market. Despite the volatility in credit markets caused by the coronavirus crisis, Diameter Capital and Shenkman Capital ... ...