Bain Capital closes in on big new fund
Bain Capital is now oversubscribed for its twelfth flagship buyout fund, according to multiple sources.
It is expected to be capped a bit higher than the $7.3 billion vehicle closed in early 2014, with a final close slated for the end of July. Like in the past couple of Bain Capital funds, limited partners will have several choices in terms of fee structures.
The Boston-based firm reportedly is in the midst of trying to acquire Citrix Systems, and also has sniffed around Staples (which it originally backed as a venture capital deal several decades ago).