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Report: Bain Raises $3.7B for Flagship Fund

Bain Capital LLC has raised $7.3 billion from investors and its dealmakers for its next flagship fund, people familiar with the matter said on Thursday, underscoring the favorable fundraising environment for established private equity firms.Bain raised $6.5 billion from outside investors, more than the $6 billion it was originally targeting but less than the $7.5 billion cap it set when it started marketing the fund more than a year and a half ago, the people said.Bain employees committed another $800 million to the fund, dubbed Bain Capital Fund XI, bringing its final size to $7.3 billion, the sources said. Bain's previous flagship fund, Fund X, raised $10.7 billion in 2008.Bain declined to comment.The completion of fundraising by Bain is referred to in the private equity industry as "final close." Private equity funds reached final close on an aggregate $95 billion in the first quarter of 2014, the largest amount of capital raised since the first quarter of 2008, according to market ...

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  1. Thoma Bravo buying TravelClick for $930M

    FBN’s Lauren Simonetti with the Mid Market Report on Thoma Bravo’s acquisition of TravelClick, the US Postal Service’s $4 million contract with I.D. Systems and Lifetime Brands’ deal with La Cafetiere.

  2. Alibaba Faces Rivals as it Readies U.S. IPO

    Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. in...

  3. Private equity at Davos

    Bain Capital managing director Steve Pagliuca talks the markets, economy , and Boston Celtics at the World Economic Forum.

  4. Report: PE Funds Eye Stake in China Huarong

    KKR & Co (NYSE:KKR) and BlackRock Inc (NYSE:BLK) are among leading global investors in talks to buy a stake in China Huarong Asset Management Co Ltd as the bad debt ...

  5. Weather Channel Dark on DirecTV on Rate Dispute

    The Weather Channel was removed from DirecTV's (NYSE:DTV) lineup on Tuesday amid a dispute over subscriber fees, as the satellite television operator suggests demand...

  6. Inflating money supply slows growth

    Former Bain Capital partner Ed Conard weighs in on the Fed, inflation and economic growth.

  7. What the Volcker Rule means for U.S. banks

    Mark Calabria of the Cato Institute and Erik Oja of S&P Capital IQ and Signature Bank chairman Scott Shay on the finalizing of the Volcker Rule.

  8. Driver for economic growth?

    Former Bain Capital managing director Edward Conard on why the economy isn’t growing.

  9. RBS Sells Remaining WorldPay Stake To Private Equity

    Royal Bank of Scotland said it sold its remaining stake of about 20 percent in WorldPay to the payment processing firm's majority shareholders, private equity firms ...

  10. Pre-holiday troubles for Toys “R” Us?

    Belus Capital Advisors’ Brian Sozzi on the troubles of Toys “R” Us and the decline of classic ‘brick-and-mortar’ stores.

  11. Gasparino: JPM, DOJ settlement imminent

    FBN's Charlie Gasparino breaks down the parameters of JPMorgan's deal with the DOJ.

  12. Houghton Mifflin Shares Rise 33% in Debut

    Shares of Houghton Mifflin Harcourt Co , a textbook publisher that emerged from bankruptcy last year, rose as much as 33 percent in their market debut, valuing the c...

  1. Mobile payment market

    Bain Capital Ventures managing director Matthew Harris and Ezetop CEO Mark Roden discuss banks and mobile payments.

  2. How security concerns impact investing

    Bain Capital Ventures managing director Matt Harris on the Heartbleed bug.

  3. Harry Reid vs. the Koch brothers?

    Doug McKelway reports

  4. Gasparino: Jeb Bush to meet with Barclays

    FBN’s Charlie Gasparino on former Governor Jeb Bush traveling to New York to meet with Barclays.

  5. Mitt Romney : Russia 'playing politically' against America

    Former presidential candidate on how Obama is containing the crisis

  6. Thoma Bravo buying TravelClick for $930M

    FBN’s Lauren Simonetti with the Mid Market Report on Thoma Bravo’s acquisition of TravelClick, the US Postal Service’s $4 million contract with I.D. Systems and Lifetime Brands’ deal with La Cafetiere.

  7. TravelClick Changing Hands

    Mid-Market UpdateTravelClick is changing hands. Private equity firm Thoma Bravo is buying the company for $930 million from Genstar Capital Management and Bain Capit...

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