Bain extends apparent concession to LPs (Dealscape

The example TPG Capital of Fort Worth and Permira Advisers LLP of the U.K. set late last year in making concessions to their limited partners on capital commitments did not exactly blaze a trail, but Bain Capital LLC now appears to be making its own goodwill gesture to investors.

The Boston buyout firm, which closed a $10.7 billion flagship fund in early 2008 along with a $1.9 billion co-investment fund, is letting its LPs pare commitments to the sidecar by as much as 50%, sources said. As with other sidecars, the co-investment fund was intended to top off the flagship fund for any single investment greater than $650 million.

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NOT A SUBSCRIBER? Bain extends apparent concession to LPs Posted on June 30, 2009 5:24 PM The example TPG Capital of Fort Worth and Permira Advisers LLP of the U.K. set late last year in making concessions to their limited partners on capital commitments did not exactly blaze a trail, but Bain Capital LLC now appears to be making its own goodwill gesture to investors. The Boston buyout firm, which closed a $10.7 billion flagship fund in early 2008 along with a $1.9 billion co-investment fund, is letting its LPs pare commitments to the sidecar by as much as 50%, sources said. As with other sidecars, the co-investment fund was intended to top off the flagship fund for any single investment greater than $650 million. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 263 in-depth reports of PE deals in the Financial Services sector from the past year 95 in-depth transaction records for Permira Advisers 53 in-depth transaction records for TPG Capital 21 company pages related to Bain Capital 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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