DOTW – Bain Capital Asia Fund V initial close

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By CPE Analytics

On December 14, 2022, Bain Capital Investors, LLC held an initial (or final) close for its fifth Asia focused buyout fund, Bain Capital Asia Fund V.

Canadian investors, including British Columbia Investment Management Corporation (BCI) and CPP Investments, committed US $377 million as part of the close.

Stikeman Elliott LLP acted as Canadian legal counsel to Bain Capital.

Bain Capital has yet to make an announcement on the initial close. Bain Capital is reportedly seeking to raise US $5 billion for Fund V.

Bain Capital Asia Fund IV held final close in December 2018, reaching $4 billion institutional hard cap with further US $650 million commitments from employees and related parties. BCI, CPP Investments along with one other investor committed US $425 million to Fund IV.

Boston based Bain Capital is one of the world’s leading private investment firms with approximately US $160 billion of assets under management.

Deal Type: Foreign Funds – Institutional PE Funds

Information can only be found in Canadian Financings database and can not be found in any other databases, Canadian or foreign.

Deal of the Week (DOTW)

DOTW is a weekly feature of Private Capital Journal that showcases one particular financing (deal) from CPE Analytics’ Canadian Financings, Canada’s only comprehensive all financing database. (

photo credit: CPE Analytics