Bain Capital Hits $10.5B Hard Cap for Asia Fund VI

Bain Capital reportedly closed its latest Asia buyout vehicle – Bain Capital Asia Fund VI – at the $10.5B hard cap, surpassing its $7B target after launching in May 2025, with more than $1B committed by senior firm leadership. Public pension allocations included $150M from the New Mexico State Investment Council and $6.3M from the Teachers’ Retirement System of the State of Illinois.

Several managers reported fundraising progress across credit, infrastructure, and venture strategies. Founders Fund is reportedly nearing an oversubscribed $6B close for Founders Fund Growth IV, with roughly $1.5B in GP commitments. Copenhagen Infrastructure Partners held the first close for Copenhagen Infrastructure Green Credit Fund II at €1.3B toward a €2B target, focusing on senior secured credit for renewable energy and energy transition assets. Eagle Point Credit Management also completed fundraising for Eagle Point Defensive Income Fund III at $559M, exceeding its $400M target and drawing commitments from several US public pension plans.

In the allocator space, San Diego City Employees’ Retirement System is considering $265M in commitments spanning infrastructure, real estate, and private equity. Meanwhile, the Cincinnati Retirement System approved a new strategic asset allocation that increases exposure to private equity and private debt while approving commitments to Silver Point and 463 in opportunistic credit alongside hedge fund allocations to Whitebox, Alyeska, and Kirkoswald. 

Separately, Dakota tracked February public pension disclosures, capturing roughly $18.76B in private market commitments across 207 deals, with private equity representing the largest share, followed by private credit and real estate.

And in people news, Sammons Financial Group appointed former Sixth Street managing director Sergi Turabelidze as CIO, overseeing the firm’s $135B investment portfolio.

Read on for all the day’s fundraising news headlines.

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