Key Takeaways
- • Bain Capital Ventures has closed Fund XI at $1.6 billion, according to PEI Private Equity.
- • The fund is targeting AI infrastructure among other sectors.
- • Limited partners in the firm's earlier funds include CalPERS, Children's Hospital Corporation Pension Plan, Adams Street Partners and Kaiser Permanente Washington Defined Benefit Plan.
- • The close was reported on 17 September 2026, per the PEI article date.
Summary
Bain Capital Ventures has closed its Fund XI at $1.6 billion, according to a PEI Private Equity report. The venture firm is directing the vehicle toward AI infrastructure and other areas, as indicated in the headline of the report.
The source article is brief and does not provide further detail on the fund's strategy, target allocations, or individual investor commitments. It names several limited partners from the firm's earlier funds: the California Public Employees' Retirement System (CalPERS), the Children's Hospital Corporation Pension Plan, Adams Street Partners and the Kaiser Permanente Washington Defined Benefit Plan. Their presence in prior vehicles indicates continuity among institutional backers, though the article does not specify whether they participated in Fund XI.
The report was published on 17 September 2026. For allocators tracking venture capital fundraising, the $1.6 billion figure and the AI infrastructure focus are the key data points available from this source.
The source article is brief and does not provide further detail on the fund's strategy, target allocations, or individual investor commitments. It names several limited partners from the firm's earlier funds: the California Public Employees' Retirement System (CalPERS), the Children's Hospital Corporation Pension Plan, Adams Street Partners and the Kaiser Permanente Washington Defined Benefit Plan. Their presence in prior vehicles indicates continuity among institutional backers, though the article does not specify whether they participated in Fund XI.
The report was published on 17 September 2026. For allocators tracking venture capital fundraising, the $1.6 billion figure and the AI infrastructure focus are the key data points available from this source.
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