Bain Capital LP has begun raising a $5 billion fund for Asia-Pacific, smaller than the amount sought by global buyout peers in the recent past, people familiar with the matter said.
The Boston-based buyout firm started marketing its fifth Asia fund in July, targeting a first close in December and final completion in the first quarter, one of the people said, asking not to be identified because they’re not allowed to discuss fundraising. The fund has the remit to grow to $6 billion, excluding senior management contributions.
The targeted pool is 25% bigger than its previous $4 billion fund, but about half the size of funds in the region by rivals KKR & Co. and Blackstone Inc. Publicly listed investment managers are valued on assets under management and Bain Capital is one of the few global private-equity firms that remains unlisted.
Read more: BNN Bloomberg
