Bain Capital hits fundraising trail for $6bn fund

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Global private equity firm Bain Capital has begun raising its eleventh buyout fund, it is understood.

The Boston-based firm will look to hit the $6bn target for Bain Capital Fund XI by February 2013, Bloomberg reported on Friday.

Bain employees will contribute a minimum of 10 per cent of the fund’s capital.

The firm is also said to be offering investors the chance to put additional money into deals requiring more than $400m equity, the report added.

Bain Capital Fund X closed in 2008 with commitments of $10bn.

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