You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Bain raises $7.3b in latest buyout fund

Bain Capital has raised $7.3 billion for its latest buyout fund, a person briefed on the matter confirmed.

This is the Boston-based investment firm’s eleventh fund. Bain has been working on attracting money from its investors -- endowments, pensions and others -- for this fund since late 2012.

Continue reading below first reported the completion of the fundraising, and said some new investors were offered a different sort of fee structure from Bain, with a reduced management fee of 0.5 percent but a higher-than-typical 30 percent and share of profits on the fund’s investments going to Bain. The historic industry standard in private equity and hedge funds is a 2 percent fee, with 20 percent of profits going to the firm. Bain has often fetched a higher split, particularly because of its strong returns in the 1990s.

Bain has about $75 billion under management.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of