Global private equity and venture capital news and research

Bain Capital Ventures reels in nearly $1bn for new fund

18 Jun 2014

shore-angling-2-662100-mEarly stage investment major Bain Capital Ventures has pulled in almost $1bn for its latest fund.

The US venture firm has raised $937.75m including a total GP commitment of $85m, according to filings made with the US Securities and Exchange Commission today.

The core Bain Capital Venture Fund 2014 has attracted 69 investors who laid down a total of $650m, with the firm itself investing $65m in the vehicle.

A separate co-investment vehicle saw 40 investors plough in a further $200m, with an additional $20m from the GP. The capital from this version can be used for investment alongside the core fund, as well as with any previous and future Bain funds.

The final vehicle, BCV 2014 Private Investors fund, has attracted a further three investors who put down $2.75m.

All three funds are registered in the Cayman Islands.

Bain has already appeared in the news today, having led a $20m Series B financing round for mobile sales software developer Clari.

The firm closed its fifth fund early in 2012, having raised $600m, about a sixth of which came from new LPs.

The vehicle focused on investments in the technology, healthcare, hardware, software, business services, information services and wireless sectors in the US.

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