Bain Capital Raises $2 Billion for Latest Tech Fund With Eyes on Europe
- Company is expanding its London team for investments in Europe
- Previous tech fund had raised $1.3 billion and was US focused
Bain Capital LLC headquarters in Boston.
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Bain Capital has raised more than $2 billion for its latest Tech Opportunities Fund and plans to use part of the investment to expand its dealmaking in Europe.
The private equity firm has surpassed its $1.5 billion target for the fund and expects to close in the near future, a person familiar with the matter said, asking not to be identified because the plans are private. That’s up from the $1.3 billion Bain raised for the first, US-focused fund, which launched in 2019.