Bain’s Sankaty closes second mid-market credit fund at $1.4 bln

Firm: Bain Capital LLC,

Fund: Sankaty Middle Market Opportunities Fund II LP

Target: $1 billion

Amount Raised: $1.38 billion

Placement Agent: None

Investors are becoming more comfortable with Sankaty Advisors’ approach to mid-market lending, Michael Ewald, managing director at Sankaty, told Buyouts after the firm closed its second dedicated fund at nearly $1.4 billion.

Sankaty Advisors, the credit arm of Boston-based Bain Capital LLC, has done this kind of investing since Sankaty’s establishment in 1998, but it has done so historically out of the firm’s multi-strategy funds. The firm raised $900 million for its ...

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