Bain Capital closed its latest Asia-focused buyout fund, Bain Capital Asia Fund V, at $7.1 billion, a Bain spokesman said.
The fund exceeds its 2018 predecessor, $5 billion Bain Capital Asia Fund IV, by about 40%. The total capital raised by Fund V includes a $750 million co-investment commitment by Bain Capital, about 15% more than Bain's $650 million co-investment to Fund IV.
"Since establishing our first Asia office in Tokyo, we've grown to a team of nearly 110 investment professionals, many of whom have extensive track-records … in investing and growing companies in Asia," the spokesman said.
Investors in Bain's latest Asia fund include the $304.9 billion California State Teachers' Retirement System, West Sacramento; $74.2 billion Alaska Permanent Fund Corp., Juneau; and $65.2 billion Maryland State Retirement & Pension System, Baltimore.
