Bain Seeking up to $3B for Third Asia-focused Fund
March 11, 2015
Bain Capital is reportedly targeting $2.5 billion to $3 billion for its third Asia fund, which is expected to begin fundraising in the coming months. The firm's Asia Fund II closed on $2.3 billion in 2012, recording a 17.08% IRR and 1.14x TVPI as of 2014's end. Bain's plans come two weeks after Baring Private Equity Asia announced the near $4 billion close of its sixth Asia-focused fund, the latest of several large vehicles targeting the region.