US private equity firm Bain Capital LP said it has raised $11.8 billion from outside investors and employees for its latest flagship North America buyout fund.
The fundraising comes amid a rebound in dealmaking activity among private equity firms as the rollout of COVID-19 vaccines has boosted global economic prospects and markets.
Bain amassed $10 billion from outside investors for its 13th buyout fund, Bain Capital Fund XIII, exceeding an initial $9 billion target. The firm’s present and former employees also committed $1.8 billion in additional capital to the fund, a Bain spokeswoman said.
Bain’s latest fund will seek to invest in a broad range of assets from consumer and healthcare companies to technology firms mainly in North America
Source: VC Circle
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