"Bain Capital Raises $7.1 Billion for New Asia Fund Amid Gloom"

Gloom? Tokyo's Nikkei 225 Index just hit a three decade high. If things keep rolling, some time in 2024 folks in Tokyo will be partying like it's 1989.

Thirty-five years since closing at 38,915.87 on December 29, 1989.

(33,489.10 last, up another 134.96 today)

Talk about stocks for the long run.

From Bloomberg, November 16, 2023:

    Firm’s fifth Asia fund is three-quarters bigger than Fund IV
    Bain has diversified investments in Asia to counter volatility

Bain Capital LP raised $7.1 billion for its new buyout fund dedicated to Asia-Pacific, people familiar with the matter said, defying a fundraising gloom triggered by lingering economic concerns and persistent geopolitical tensions.

The Boston-based alternative asset manager gathered $6.3 billion from investors for its fifth buyout fund in the region, and $750 million in co-investments from its employees, one of the people said, asking not to be identified before a public announcement. Its previous Asia fund was $4 billion, not including internal contributions.

A spokeswoman at the firm declined to comment.

Bain has been diversifying investments across the region to counter growing difficulties of investing in China, long the key target of Asian private equity funds. The firm has boosted dealmaking in India as well as Japan, which accounted for more than 35% of its previous fund’s investment, one of the people said....

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