Skip to content
Subscriber Only

Bain Raises $1.4 Billion for European Bank Loans

Views Of The Financial District As Goldman CEO Blankfein Tweets About Spending 'A Lot More Time' In Frankfurt
Photographer: Alex Kraus/Bloomberg

Bain Capital’s credit arm raised 1.25 billion euros ($1.41 billion) for a new fund to purchase European bank loans, according to a person familiar with the matter.

Bain Capital Credit’s new Special Situations Europe fund will target banks’ secured debt, non-performing loan portfolios and real estate assets, said the person, who asked not to be named because the information isn’t public. The money raised for the fund, the first dedicated to European soured loans at Bain, exceeded an initial target of 1 billion euros, the person said.