Bain Capital just made more back on a secondary offering of LinkedIn shares than its entire 2009 fund raised.
What better time than the present to raise a new fund, then? peHUB has learned from sources that Bain Capital Ventures will raise a new fund, targeting between $500 million and $750 million.
Not a whole lot on Bain Capital Ventures’ returns are made public. According to Thomson Reuters’ data, the lone known LP investor is the Alaska Permanent Fund Corp. The VC most recently raised a fund in 2009, bagging about $525 million—one source indicated this was toward the lower end of their target range, but said it is likely they will top that figure next time out. Other Bain VC funds include two, $250 million funds, one from2001 and another from 2005, as well as a 2007 fund that reeled in $499.5 million, Thomson Reuters data show.