Ropes Guides Bain On $600M Venture Fund

Law360, New York (January 30, 2012, 6:41 PM EST) -- Private equity giant Bain Capital LLC’s venture capital arm has closed on a new $600 million fund, its largest yet, it announced Monday, reportedly turning away investors in the process.

Bain Capital Venture Partners LLC had no trouble drumming up investors and drew the line at $600 million to prevent the fund from becoming cumbersome as the firm surveys the technology and health care sectors for targets, the New York Times reported.

“We’re taking a measured approach to growth in the marketplace, not an overly aggressive...
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