The venture arm of global buy-out giant Bain Capital has closed its fifth fund with commitments of $600m.
Bain Capital Venture Fund 2012 was significantly oversubscribed, and new investors committed to15 per cent of the fund’s value
The vehicle will focus on investments in the technology, healthcare, hardware, software, business services, information services and wireless sectors in the US.
News reports today also confirmed that venture capital peer Andreessen Horowitz, which counts Airbnb, Zynga and Facebook among its current investments, has raised $1.5bn for its latest fund.
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