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 ...