BAIN Capital is considering raising $6bn to $8bn for a new global buyout fund and offering investors up to three options on fees it charges to manage the money, according to two people with direct knowledge of the matter.
Bain, once headed by Republican US presidential candidate Mitt Romney and still regarded as one of private equity's powerhouses, may start fundraising as early as this summer for its 11th global buyout fund, Fund XI, the sources said.
Taking into account co-investments – money coming from a supplemental fund that invests in deals – Bain has told investors the offering could reach $8bn to $9bn, compared with the total $12.7bn for its previous buyout fund, Fund X.
Bain declined to comment.
City A.M. Reporter