- 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.
Other Side Of AI: Online Content Publishers Evaluate Legal Options Against Content Usage By Microsoft, Google’s AI Bots
Online content publishers see a threat from artificial intelligence technology’s capabilities since the arrival of chatbots capable of conversations, making…
