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Bain Capital wraps up $20bn fundraising

Bain Capital, a US-based private equity firm, is putting the finishing touches to its $20bn (€13.5bn) global buyout fund in an indication that dealmaking volumes are set for a comeback after a lean spell.

Steve Pagliuca, a managing director at Bain Capital, said the fundraising was "essentially closed" after investors clamoured for access to a vintage he expected to take advantage of opportunities emerging from the credit crisis.

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