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Bain To Close Second Asia-Focused Fund

Private and alternative asset management firm Bain Capital is closing its second fund focused on investments in Asia.

    Private and alternative asset management firmBain Capitalis closing its second fund focused on investments in Asia,The Wall Street Journalreports. The Boston-based company is also hoping to reach the fund's target of $2 billion early next year.

    Bain, which started marketingBain Capital Asia Fund IIearlier this year, aims to invest the fund largely in China, Japan and India. ThePennsylvania Public School Employees' Retirement System, which approved a $100 million fund’s commitment in October, is a limited partner in the fund.

    Click here for the story fromThe Wall Street Journal.

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