Bain Capital Ventures Seeking $500 Million for Fourth Fund - Boston, MA
Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, has begun raising its fourth investment fund, with a target of $500 million, VentureWire reported. Since 1984, Bain Capital has made over 126 venture-stage investments. In 2001, the firm formed Bain Capital Ventures as a separate arm to focus exclusively on early-stage deals. Bain Capital Ventures currently has close to $1 billion under management and is focused on investing in companies in the software, hardware, wireless, information-services, healthcare, technology-driven business services, retail, and consumer businesses.