Investment firm Bain Capital has raised $10.5bn for Bain Capital Asia Fund VI, including $9.1bn from external investors.
The remaining capital came from commitments by Bain Capital’s partners, employees and related entities, which the firm said together represent the fund’s largest single investor group.
The fund finished above its initial $7bn target, according to a company statement.
“The fundraise underscores strong investor confidence in Bain Capital’s Asia private equity platform as the firm marks 20 years of investing in the region,” the statement read.
Bain Capital said its Asia private equity business operates through an integrated regional platform covering Japan, India, China, Australia and Korea.
The firm has close to 200 investment and operational staff in the region, investing in technology, industrials, consumer, healthcare, and business and financial services.
The company said the Asia platform also works closely with Bain Capital’s wider global private equity operations and related businesses, including credit, insurance, real estate, special situations and technology opportunities.
According to Bain Capital, its Asia business is positioned to pursue “complex, change-oriented situations” in which local management, operational capability and execution can offer an edge.
The firm said these situations include corporate carve-outs, founder succession, sector consolidation, domestic restructuring and cross-border expansion opportunities.
Yuji Sugimoto, partner and head of Asia Private Equity at Bain Capital, said: “Bain Capital’s private equity business has always been built around helping companies realize their full potential through operational improvement, strategic change, and close partnership with management teams.
“Over the past 20 years, we have built those capabilities into our Asia platform in a way that combines local insight with the broader strengths of Bain Capital, and that has enabled us to deliver strong outcomes for our investors and partner companies across market cycles. We continue to see significant opportunity across the region, and we are investing in our people, our technology, and the broader capabilities of the platform so we can keep scaling in a disciplined way and delivering over the long term.”
Founded in 1984, Bain Capital invests globally across private equity, growth and venture, capital solutions, credit and capital markets, and real assets.
The firm has 24 offices across four continents, employs more than 1,850 people and manages about $225bn in assets.
“Bain Capital closes $10.5bn Asia fund above target” was originally created and published by Private Banker International, a GlobalData owned brand.
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