- Bain Capital reportedly plans to raise $4 billion for a new global “special situations fund” to snap up distressed investments in various asset classes.
- The financial services firm has already raised about $2 billion for the new fund, Reuters reported, citing two people familiar with the matter.
- The report added that the firm is expected to close the fund by the end of the year.
- Bain Capital Specialty Finance, Inc. (NYSE:BCSF) is scheduled to report its first quarter of FY23 on May 9, 2023. BCSF is managed by BCSF Advisors, L.P., an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, L.P.
- Price Action: BCSF shares are trading flat at $11.36 in the premarket session on the last check Monday.
Court Upholds Class Action Lawsuit Against Jeeter Cannabis Over THC Content Dispute
Dovel & Luner law firm filed a class action suit in October against DreamFields Inc. and Med for America Inc., which make, sell and market the “Jeeter” brand of pre-rolls, on behalf of Jasper Centeno and Blake Wilson from California who purchased cannabis products with inaccurate THC content labels.
