Bain

So in today’s PE Week Wire, Dan reports that Bain Capital is “running out of money.” He’s alluding to the fact that Bain’s latest fund is over 30% committed already and it does not look as if they will have enough money to keep making the large-scale deals they have been recently and expect the fund last 3 to 4 years. In Q3 alone, 20% of total committed capital was called according my sources. This along with the fact that OSI and Clear Channel are still not accounted for, leads me to believe that they might have to raise a new fund sooner than expected, or, possibly open up another co-investment type fund. I think its pretty funny that when the figures for the fund (fund XI) were first floated, people were skeptical if the amount raised was actually going to be able to be invested effectively. I guess Bain, and the rest of the industry, has answered that question. Undoubtedly more and more record sized funds are going to be raised by the likes of Bain, Blackstone and Carlyle with no signs of PE bubble burst in the near future.