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Report: Bain Capital's latest Asia-focused fund brings in $4.65B

Bain Capital LP raised $4.65 billion for its latest Asia-focused fund at closing, Reuters reported, citing a person familiar with the matter.

The private equity giant and its affiliates committed $650 million to the fund while external investors contributed $4 billion, the unnamed source told the news outlet.

Bain had sought to raise $3.5 billion to $4 billion for the fund, which reportedly is its fourth and its largest to date.

Bain did not comment on the matter, according to Reuters.