May 5, 2017

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).

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Axios

Updated 51 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

Global: Total confirmed cases as of 10:30 p.m. ET: 20,532,835 — Total deaths: 747,845— Total recoveries: 12,743,275 — Map.
U.S.: Total confirmed cases as of 10:30 p.m. ET: 5,193,266 — Total deaths: 165,934 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
Business: U.S. already feeling effects of ending unemployment benefits.
Public health: America's two-sided COVID-19 response — America is flying blind on its coronavirus response.
Education: New Jersey governor allows schools to reopen — Gallup: America's confidence in public school system jumps to highest level since 2004.

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Axios

Updated 1 hour ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

France reported more than 2,500 new COVID-19 cases in 24 hours — the largest single-day number since May. French officials said the situation was "clearly worsening," per France 24.

By the numbers: Over 745,600 people have died of the novel coronavirus globally and over 20.4 million have tested positive, per Johns Hopkins. Almost 12.7 million have recovered from the virus.

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Jacob Knutson

1 hour ago - Health

U.S. reports 1,485 coronavirus deaths in a single day

Healthcare workers handling coronavirus tests in Los Angeles on August 11. Photo: Mario Tama/Getty Images

The U.S. reported 1,485 deaths due to the coronavirus on Wednesday, COVID Tracking Project data shows.

Why it matters: It's the highest single-day COVID-19 death toll since May 15, when the country reported 1,507 deaths. The U.S. has seen a total of 157,758 deaths from the virus.