Ropes & Gray Advised Bain Capital Ventures on $1.6 Billion Fund XI

In The News
September 17, 2026

Ropes & Gray represented Bain Capital Ventures (BCV), the early-stage venture arm of Bain Capital, as fund counsel on the final closing of Bain Capital Ventures Fund XI, which exceeded its fundraising target and raised $1.6 billion in total capital. The fund closing was announced on September 16.

With BCV’s founding in 2001, Bain Capital became one of the only large alternative asset firms to launch and build an early-stage technology venture practice. Fund XI will continue BCV’s longstanding early-stage investment strategy and is expected to make investments across AI infrastructure, applications, physical AI, science, security and services.

The Ropes & Gray team included asset management partners Peter Laybourn, Bryan Hunkele and Catherine Skulan and associate Jonas K. Madsen, finance partner Patricia Lynch and tax partner Jim Brown