Bain Capital: USD 2 billion for latest tech fund with focus on Europe
Bain Capital has raised more than $2 billion for its latest Tech Opportunities Fund and plans to expand its business in Europe. The private equity firm has exceeded its $1.5 billion target for the fund and expects to close soon.
Bain’s tech opportunities strategy has already supported companies in Europe such as UK fintech company SumUp. Investors are interested in sectors where they believe Europe is producing world-leading companies, such as payments and cybersecurity, Bain Capital said.
About Bain Capital
Bain Capital, LP is one of the world’s leading private investment firms with approximately $160 billion in assets under management. Since its founding in 1984, expansion has occurred into various asset classes, including private equity, credit, public equity, venture capital and real estate.