About Bain Capital Special Situations
Bain Capital Special Situations, established in 2002, is a private debt fund primarily based in Boston, United States. It specializes in financing PE round of companies based in United States. Its portfolio includes 2 firms, spanning the FinTech and InsurTech sectors.
As of Apr 2026, Bain Capital Special Situations has witnessed 1 portfolio exit so far. Its most notable investments are Acrisure and KP Aviation.
Its latest investment was a $2.1B Series D round in Acrisure on May 20, 2025, which also saw participation from Fidelity Investments and Apollo Global Management.
Key Metrics
Founded Year
2002
Location
Boston, United States
Portfolio Companies
Stages of Investment
PE & Series D
Locations of Investment
Bain Capital Special Situations' List of All Investments
Bain Capital Special Situations has a portfolio of 2 companies. Their most notable investments are in Acrisure and KP Aviation.Their portfolio spans across and United States. They have invested in FinTech, InsurTech, across PE, Series D stages. Here is the list of all investments by Bain Capital Special Situations:1. Acrisure
Provider of insurance and business solutions for individuals and businesses. This includes personal insurance products, mortgage services, and a range of business insurance options catering to both small and large enterprises. Employee benefit services and cybersecurity solutions are also offered. The company supports clients across various industries with specialized expertise and reinsurance capabilities. They provide a variety of solutions designed to meet diverse needs and facilitate efficient decision-making.
Key facts about Acrisure
- Founded Year: 2005
- Location: Grand Rapids (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $8.3B
- Employee Count: 4,788 as on Mar 31, 2026
- Investors: Fidelity Investments, Apollo Global Management and 14 Others
- Latest Funding Round: Series D, May 20, 2025, $*****
- Highlight: Acquired
2. KP Aviation
Key facts about KP Aviation
- Founded Year: 2001
- Location: Reno (United States)
- Stage: Late Stage
- Employee Count: 55 as on Jul 01, 2024
- Investors: Bain Capital Special Situations
- Latest Funding Round: PE, Jun 08, 2023, $*****
Bain Capital Special Situations' Year-on-Year Investment Trends
Bain Capital Special Situations has invested in Acrisure in 2025 and KP Aviation in 2023. In 2025, it made 1 investment. Its most recent first time investment was in Acrisure.Bain Capital Special Situations' Investments by Stage
Bain Capital Special Situations has made 1 investment in PE stage and 1 investment in Series D stage with an average round size of $2.1B.Bain Capital Special Situations' Investments by Sector
Bain Capital Special Situations has a diverse portfolio, with companies operating in the FinTech and InsurTech. Notably, it has invested in 1 Consumer (B2C) company, 1 Enterprise (B2B) company and 1 Tech company.Bain Capital Special Situations' Investments by Geography
Bain Capital Special Situations has made most investments in United States (2).Bain Capital Special Situations' recent investments
Bain Capital Special Situations has not made any investment in 2026 so far.Here are the most recent investments by Bain Capital Special Situations:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 20, 2025 | United States | Series D | 9095 | [+3] | |
Jun 08, 2023 | United States | PE | 3328 | - |
Acquired companies in Bain Capital Special Situations' Portfolio
1 company from Bain Capital Special Situations' portfolio has been acquired. The most recent acquisition were Acrisure in Oct 2016 by Abry for $2.9B.Here are Bain Capital Special Situations' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2016 | May 20, 2025 | Series D | 6755 |
Co-investors of Bain Capital Special Situations
Over the past 3 years, 12 investors have co-invested in Bain Capital Special Situations's portfolio companies. This includes only funds.
- Invested before Bain Capital Special Situations: BDT & MSD Partners, Guggenheim Investments and 7 others have invested in rounds before Bain Capital Special Situations. There is 1 company where BDT & MSD Partners has invested before Bain Capital Special Situations and 1 company where Guggenheim Investments has invested before Bain Capital Special Situations.
- Top Co-investors of Bain Capital Special Situations: 3 investors entered a company along with Bain Capital Special Situations. These include investors like Fidelity Investments (1 company).
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