Bain Capital Insurance racks up $1.15bn for debut PE fund

• The fund is focused on middle-market transactions in North America and Europe across the entire insurance value chain
• Bain Capital Insurance was formally launched in 2021 as a new business unit
• Bain Capital has over $165 billion under management across 24 offices on four continents

Bain Capital Insurance, the insurance investing business of Bain Capital, has closed its inaugural private equity fund at $1.15 billion, beating its $750 million target.

Bain Capital Insurance Fund LP’s investors include institutional investors and high-net-worth individuals and families.

The fund is focused on middle-market transactions in North America and Europe across the entire insurance value chain.

“This significant milestone reflects the enthusiasm and trust of our investors, the relationships we’ve built with business leaders and entrepreneurs across the industry, and the significant opportunities we see to drive value across the complex insurance value chain,” said Matt Popoli, a partner and global head of Bain Capital Insurance in a statement. “We’ve built a scaled team of insurance investing experts, deep researched-backed themes, and the value creation approach to embrace that complexity, all supported by the global and platform advantages of the integrated Bain Capital platform.”

Bain Capital Insurance was formally launched in 2021 as a new business unit.

Bain Capital has over $165 billion under management across 24 offices on four continents.