Bain Capital Raises $600M Fund

The venture-capital wing of Bain Capital announced Monday that it had raised $600 million for a new fund—its largest to date. Bain Capital Ventures had previously raised a total of $1.48 billion, meaning the new capital will make up about 15 percent of the firm. With its new fund, Bain Capital Ventures, a LinkedIn investor, plans to use its traditional strategy of making investment in enterprise technology, e-commerce, and health care. Monday’s announcement comes around the same time that other Silicon Valley venture-capital firms are bulking up their funds, with several having raised more than half a billion dollars in the past year alone.