Bain kicks off fundraising for new $6bn vehicle
Bain Capital is understood to have started the fundraising process for its 11th buyout fund, Bain Capital Fund XI.
Bain is looking to reach its $6bn target by February 2013, according to reports.
A minimum of $600m would be contributed by Bain employees. The fund is also believed to be offering co-investment opportunities for buyouts valued at more than $400m.
Should the fund close on target, it would be significantly smaller than Bain's previous effort: Bain Capital Fund X closed on $10bn in 2008.
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