Bain Capital closes $10.5bn Asia fund above target

Investment steadfast Bain Capital has raised $10.5bn for Bain Capital Asia Fund VI, including $9.1bn from outer investors.

The remaining superior came from commitments by Bain Capital’s partners, employees and related entities, which the steadfast said unneurotic correspond the fund’s largest azygous capitalist group.

The money finished supra its archetypal $7bn target, according to a institution statement.

“The fundraise underscores beardown capitalist assurance successful Bain Capital’s Asia backstage equity level arsenic the steadfast marks 20 years of investing successful the region,” the connection read.

Bain Capital said its Asia backstage equity concern operates done an integrated determination level covering Japan, India, China, Australia and Korea.

The steadfast has adjacent to 200 concern and operational unit successful the region, investing successful technology, industrials, consumer, healthcare, and concern and fiscal services.

The institution said the Asia level besides works intimately with Bain Capital’s wider planetary backstage equity operations and related businesses, including credit, insurance, existent estate, peculiar situations and exertion opportunities.

According to Bain Capital, its Asia concern is positioned to prosecute “complex, change-oriented situations” successful which section management, operational capableness and execution tin connection an edge.

The steadfast said these situations see firm carve-outs, laminitis succession, assemblage consolidation, home restructuring and cross-border enlargement opportunities.

Yuji Sugimoto, spouse and caput of Asia Private Equity astatine Bain Capital, said: “Bain Capital’s backstage equity concern has ever been built astir helping companies recognize their afloat imaginable done operational improvement, strategical change, and adjacent concern with absorption teams.

“Over the past 20 years, we person built those capabilities into our Asia level successful a mode that combines section penetration with the broader strengths of Bain Capital, and that has enabled america to present beardown outcomes for our investors and spouse companies crossed marketplace cycles. We proceed to spot important accidental crossed the region, and we are investing successful our people, our technology, and the broader capabilities of the level truthful we tin support scaling successful a disciplined mode and delivering implicit the agelong term.”

Founded successful 1984, Bain Capital invests globally crossed backstage equity, maturation and venture, superior solutions, recognition and superior markets, and existent assets.

The steadfast has 24 offices crossed 4 continents, employs much than 1,850 radical and manages astir $225bn successful assets.

"Bain Capital closes $10.5bn Asia money supra target" was primitively created and published by Private Banker International, a GlobalData owned brand.