By Kane Wu
HONG KONG, March 10 (Reuters) – Bain Capital is close to wrapping up fundraising for its sixth pan-Asia private equity fund after raising about $10.5 billion, two people with knowledge of the matter said Tuesday, well exceeding its $7 billion target.
The firm has bagged $9 billion from fund investors, or the so-called limited partners, and plans to contribute $1.5 billion of its own capital, making the vehicle its largest Asia-focused fund to date, one of the people said.
The sources declined to be named as the information is private.
Bain Capital has separately raised about $2 billion for a buyout fund targeting mid-cap deals in Japan, the sources said.
The Boston-based investment firm declined to comment.
Bloomberg first reported the fundraising amounts on Tuesday.
(Reporting by Kane Wu; Editing by Bernadette Baum)
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