Bain Capital LP raised $7.1 billion for its new buyout fund dedicated to Asia-Pacific, people familiar with the matter said, defying a fundraising gloom triggered by lingering economic concerns and persistent geopolitical tensions.
The Boston-based alternative asset manager gathered $6.3 billion from investors for its fifth buyout fund in the region, and $750 million in co-investments from its employees, one of the people said, asking not to be identified before a public announcement. Its previous Asia fund was $4 billion, not including internal contributions.
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