Bain raises $2.3 billion for second Asia fund
Bain Capital has completed fundraising for its second Asia fund at $2.3 billion, managing director Craig Boyce said at the AVCJ USA Forum in New York on Tuesday. He added that $300 million of the corpus was raised from Bain executives. The fund had a $2 billion hard cap and a $2.5 billion target.
Bain Capital Asia Fund II kicked off its fundraising last June, and reportedly counts some of the largest US public pension funds as LPs. Pennsylvania Public School Employees' Retirement System (PSERS)...
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