Deals
Bain Capital Seeks Up to $7 Billion for New Equities Fund
- Long-only offering would be a new type of vehicle for the firm
- Private equity companies are expanding into one-stop shops
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Bain Capital is looking to raise as much as $7 billion for a new equities fund, according to people familiar with the matter, the latest move by an alternative asset manager to broaden its investment offerings.
Josh Ross, who started running the Boston-based firm’s public equities group in 2017, is overseeing the new fund along with the firm’s $1.3 billion global hedge fund, said the people, who asked not to be identified because the information is private. It was launched in October.