Boston pension hires Bain Capital

Trustees for the $5.3 billion Boston Retirement Board voted to commit $20 million to the Bain Capital Distressed and Special Situations 2019 Fund at their most recent meeting on May 20.

The fund was launched last year and is part of the Boston-based private equity firm’s credit business. The strategy is focused on investing in global opportunities, including single-name corporate debt, capital solutions and rescue financings and non-performing loan portfolios.

The pension fund has a variety of alternative investment holdings and boasts a $382 million private debt portfolio.

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