Bain Capital raises $596m

The Boston-based asset manager has raised capital for its diversified buyout fund.

Fund name: Bain Capital Double Impact Fund II
Target size: $600 million
Current size: $596.2 million
Vintage year: 2019

Bain Capital has raised $596.2 million for Bain Capital Double Impact Fund II, nearing its $600 million target. Capital raised by the vehicle will be used to invest in companies throughout the United States across diversified sectors.

The fund’s predecessor, Bain Capital Double Impact Fund, held a final close in July 2017 on $390 million.