Bain Capital offers LPs in 2 older credit funds the chance to cash out

Bain Capital Credit, private equity, secondary transactions, LPs, credit
A sailboat makes its way along the Charles River in front of the Boston skyline on Aug. 4, 2017. Reuters/Brian Snyder
Bain Capital is working with Neuberger Berman to enable investors in older credit funds to cash out while giving the GP more time to manage investments, three sources told Buyouts. Bain Capital’s secondaries process is another example of a high-profile ...

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