Ropes & Gray Closes Three Bain Capital Funds Totaling More Than $3 Billion

Ropes & Gray represented Bain Capital and Bain Capital Ventures through several fund closures at the start of 2023, totaling over $3 billion in commitments.

The firm advised Bain Capital Ventures on the closing of Bain Capital Venture Fund 2022, with $1.4 billion in total commitments, and on the closing of Bain Capital Ventures Co-Investment Fund IV, with $493 million in total commitments. Additionally, Ropes & Gray advised Bain Capital on the closing of Bain Capital Tech Opportunities Fund II, L.P. The fund closed with $2.4 billion in total commitments, up from the $1.3 billion that the firm put to work through the first vehicle of its type in 2019.

Bain Capital is a global private investment firm that manages several pools of capital including private equity, venture capital, credit, public equity, impact investing, life sciences and real estate with approximately $160 billion in assets under management.

The Ropes & Gray team that represented Bain Capital and Bain Capital Ventures was led by asset management partner Bryan Hunkele and included tax partners Jim Brown and Amanda Holt and asset management partner Peter Laybourn.