Reuters: Deals: Exclusive: Bain may seek $6 billion-$8 billion for new fund: sources

Reuters: Deals Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Exclusive: Bain may seek $6 billion-$8 billion for new fund: sources Apr 10th 2012, 15:52 NEW YORK | Tue Apr 10, 2012 11:52am EDT NEW YORK (Reuters) - Bain Capital LLC is considering raising between $6 billion and $8 billion for a new global buyout fund -- lower than its last $10.7 billion fund -- and offering investors up to three options on fees it charges to manage the money, according to people familiar with the matter. Bain may start fundraising as early as this summer for its 11th global buyout fund, the sources said. Taking co-investments into account, Bain has told investors the offering could reach $8 billion to $9 billion, compared with the $12.7 billion for Fund X, they added. The private equity group, whose former head Mitt Romney is a U.S. presidential candidate, is also close to reaching its $2 billion fundraising target for its second Asian fund, with final fundraising close expected within a few weeks, one of the sources said. Bain has made no final decision on the target size of the fund, Fund XI, its fee structure, the co-investment component or the launch date for the fundraising, the people said. Bain declined to comment.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions