Ropes & Gray advised Bain Capital on the close of its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. The fund close was announced on November 18 in a press release.
This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, inclusive of co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds.
The Ropes & Gray team included asset management partners Justin Kliger and Peter Laybourn and tax partners Sam Duncan and Jim Brown.
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