Any insight into this group? Saw they’re in the middle of a $4BN fundraise, set to finish by end of year. What do they actually do? Is it mainly the deals the main PE fund works on that go distressed? Or do they actually work independently? Comp, WLB?
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Is Special Sits part of PE? Thought it was under Bain Cap Credit
They’re their own business now within Bain Capital, like PE and Credit
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Very flexible mandate and have done deals with PE (Virgin Australia). Can do anything from trading liquid credit to MM buyouts (Gails) to loan to own (Pizza Express). Also do a lot in hard assets (aviation / RE / NPLs etc). Credit has split into Credit and Special Sits to make the branding / fundraising clearer. Culture and hours can vary significantly between offices / groups, has been covered elsewhere on this forum.
Thanks for the info. What is the Boston special sits group culture like? WLB?
Does anyone know if NA SS team work alongside the EUR SS team on the same deals? It seems that NA doesn't really do any loan-to-own, majority equity, distressed credit, and focuses on minority equity and structured capital. Seems the Europeans get to do all the interesting deals
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Bump, interested about outlook/going into this group vs Bain Capital Credit. Also curious about WLB compared to BCC
Bump, curious about this as well
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Anyone has any insight into FT analyst recruiting for them? Do you network and apply on website like banking, or is it through head hunter outreach? Thank you!
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Curious as to how this is viewed vs doing classic LBO PE
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