Monday, 23 January 2017
Last updated 20 min ago
Apr 17 2014 | 1:58pm ET
Bain Capital has raised $7.3 billion for its next flagship private-equity fund, topping its target by a half-billion.
Investors committed $6.5 billion to the fund, which will focus on North America. Boston-based Bain had hoped to attract $6 billion from clients.
Bain employees chipped in an additional $800 million.
Bain has not raised a North America-focused fund since before the financial crisis. The new fund brings Bain’s assets under management to about $75 billion.