Boston-based Bain Capital has managed to raise a $475 million venture fund during a harsh climate for VC fund-raising, the Boston Globe reports this morning, citing unnamed sources. The story says that Bain, which manages some $70 billion through its private equity, hedge, debt, and venture funds, could bring in a total of $550 million for its new VC fund.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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