Mumbai, May 18 -- Bain Capital has closed its sixth Asia fund with a corpus of $10.5 billion, exceeding its original target of $7 billion, to invest in buyout opportunities across sectors, the global private equity firm said in a statement on Monday.

The fund includes about $9.1 billion of external commitments, while other partners, employees and related entities committed the balance of capital and collectively are the single largest investor in the fund.

The oversubscribed close comes at a time when capital raised for Asian funds has fallen to a 12-year low in 2025 after four consecutive years of decline. As the market increasingly bifurcates, investors are consolidating capital with scaled, global platforms that offer a proven track ...