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Print Edition StoriesThursday, February 12, 2009
Bain Capital pulls in $475M VC fund
By Galen Moore
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Bain Capital Ventures has raised a new $475 million fund and plans to add $75 million before closing, according to published reports.
The Boston Globe cited two unnamed executives, who said the venture capital arm of the Boston-based private equity giant raised the money over two and a half months.
According to a VentureWire report released in December, Bain originally planned to cap the fund at $750 million.
Bain’s last venture fund was launched in 2007. The fund recently made return investments in Waltham-based online game developer GameLogic Inc., Connecticut-based compliance software maker Memento Inc. and LinkedIn Corp.
Past exits from New England-region companies include Brontes Corp., a Woburn-based 3-D imaging company sold in 2006 for $95 million to 3M Co. (NYSE: MMM), and CentrePath Inc., a Waltham network services provider sold in 2006 to Capital Growth Systems Inc. (OTCBB: CGSY) for undisclosed terms.
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