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Ropes & Gray says it advised Bain Capital Ventures on $1.6 billion Fund XI
Ropes & Gray said it served as fund counsel to Bain Capital Ventures on the final closing of Fund XI, which raised $1.6 billion and exceeded its target. The firm described the client as Bain Capital’s early-stage venture arm and said the fund would continue that investment strategy.
Key points
- The firm said the closing was announced on September 16.Ropes & Gray
- Ropes & Gray identified AI infrastructure, applications, physical AI, science, security and services as intended investment areas.Ropes & Gray
- The announcement named Peter Laybourn, Bryan Hunkele, Catherine Skulan and Jonas Madsen on the asset-management team.Ropes & Gray
- Ropes & Gray said Patricia Lynch handled finance and Jim Brown handled tax.Ropes & Gray