Bain Capital has announced the closing of its latest flagship private equity fund.
The fund, Bain Capital Fund XIV, closed at $14 billion. It was oversubscribed, surpassing the original target of $10 billion.
Bain Capital Private Equity, founded in 1984 and based in Boston, focuses on making control and minority equity investments and prefers to make more substantial investments from a dollars perspective. The firm invests in healthcare and several other industries. Within healthcare, Bain Capital Private Equity targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries.