Top private equity news of the week
Bain Capital has completed fundraising for its latest flagship vehicle, Bain Capital Fund XIV, securing $14bn in total commitments, exceeding its $10bn target.
The close includes $11.8bn from external investors, with Bain Capital-related entities providing the remainder and remaining the largest single investor.
The new fund reinforces Bain Capital’s position among the world’s largest private equity managers. Combined with Bain Capital Europe VI and Asia V, both raised in 2023, the firm now oversees more than $27bn across its latest vintage and $68bn in total assets.
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Blackstone has hit the $10bn target for its third Asia buyout fund and is expected to complete fundraising by the first quarter of 2026, according to sources familiar with the matter cited by Bloomberg.
The vehicle is likely to reach its $12.9bn hard cap, underscoring investor appetite for large-scale platforms despite broader private equity headwinds.
The close comes after strong performance from Blackstone’s second Asia fund, which has delivered a 41% return and returned nearly 80% of committed capital. Roughly 90% of its investors have recommitted to the new pool, with average allocations up by about 30%.
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Conni Jonsson, founder of EQT Partners, will step down as chair next year, marking the end of a three-decade tenure that saw the Swedish firm grow into one of the world’s largest private capital groups, the Financial Times reported on Monday.
Jonsson, who served as chief executive for 20 years before becoming chair, has overseen EQT’s transformation from a small Nordic-focused fund into a global investment powerhouse with €266bn in assets under management.
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