Bain Capital Ventures nabs $1.9B for two funds / Industry launches Secondary X fund / Chinese regulators revamp rules for private funds
Plus, Sequoia India focusing on seed stage investments, says MD Shailendra Singh Inside.com Part of Network February 28, 2023 Presented by Bain Capital's venture capital division, Bain Capital Ventures, received capital commitments worth $1.9B for its two new funds. The funds will invest in fintech, infrastructure, application software, and commerce technology startups. More: $1.4B of the capital is earmarked for seed to growth-stage investments, with the remaining $493M for late-stage opportunities. The funds are the firm's largest venture funds to date, surpassing the previous $1.3B funds launched in 2021 to invest in early-stage startups. The latest funds will invest in conjunction with the $500M crypto fund announced in April 2022. With the close of the latest funds, the firm now has over $12B in AUM. The firm invested betwe...