Bain Capital Ventures
Also known as BCV
Boston, United States Part of Bain Capital Founded 2001 baincapitalventures.com Boston ecosystem (#4 of 32)
Bain Capital Ventures’s latest fund is Bain Capital Ventures Fund XI: $1.6B, 2026, #29 of 427 firms by latest fund.
The numbers
| Year | Raised |
|---|---|
| 2023 | $1.4B |
| 2026 | $1.6B |
Updates from Bain Capital Ventures
Overview
Venture arm of Bain Capital. Fund XI closed Sept 16, 2026.
Notable portfolio companies
Funds
| Fund | Closed | Size | Source |
|---|---|---|---|
| Bain Capital Ventures Fund XI | 2026 | $1.6B | finance.yahoo.com |
| Bain Capital Venture Fund X | 2023 | $1.4B | techcrunch.com |
LPs on the record
6 private foundations list on their latest IRS Form 990-PF, and 9 other LPs report holding Bain Capital Ventures’s funds.
12 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Firms whose LPs overlap
The firms sharing the most LPs on record with Bain Capital Ventures, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.
Find LPs for Bain Capital Ventures and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.
Reported fund performance
As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.
| Fund | Vintage | Net IRR | Versus vintage (IRR) | TVPI | DPI | Reported by |
|---|---|---|---|---|---|---|
| Bain Capital Venture Coinvestment Fund IV | 2023 | 22.1% | Second quartile | 1.20x | 0.00x | CalPERS |
| Bain Capital Venture Fund 2022 | 2023 | 29.9% | Second quartile | 1.50x | 0.00x | CalPERS |
| Bain Capital Venture Fund 2012 | 2012 | N/M | — | — | Alaska Permanent Fund Corporation (APFC) | |
| Bain Capital Venture Fund 2009 | 2009 | N/M | — | — | Alaska Permanent Fund Corporation (APFC) | |
| Bain Capital Venture Coinvestment Fund III | — | -1.0% | 0.96x | 0.05x | Maine Public Employees Retirement System (MainePERS) | |
| Bain Capital Venture Coinvestment Fund IV | — | 16.6% | 1.18x | 0.00x | Maine Public Employees Retirement System (MainePERS) | |
| Bain Capital Ventures 2021 | — | 2.0% | 1.07x | 0.00x | Maine Public Employees Retirement System (MainePERS) | |
| Bain Capital Ventures 2022 | — | 27.3% | 1.48x | 0.00x | Maine Public Employees Retirement System (MainePERS) |
Alaska Permanent Fund Corporation (APFC): APFC Private Equity Report: Private Equity Fund Commitments & Direct Investments / Co-Investments, as of December 31, 2025. APFC's quarterly Private Equity report ("Private Equity Fund Commitments & Direct Investments / Co-Investments") lists each fund with only its currency, "Vintage Year" and "Commitment (USD)", shown here in whole US dollars as printed. It reports no contributions, distributions, market value, multiple or IRR per fund, so paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. All 454 entries of the report's "Fund Investments" list are included ($17,570,561,197 committed); 15 have the vintage year "TBD" (blank here) and 45 are commitments in another currency that APFC states in US dollars. The report's separate "Direct Investments / Co-Investments" list (56 entries, $2,792,151,600: portfolio companies, co-investment vehicles and manager stakes) is not imported. The two lists add up to the report's printed Total Commitments of $20,362,712,795. For the whole portfolio, including liquidated investments, the report prints Cumulative Contributions of $20,951,089,446, Cumulative Distributions of $22,493,801,627 and a Remaining Fair Market Value of $15,555,575,745. APFC is a state-owned corporation that manages the Alaska Permanent Fund, not a pension plan; its separate Private Income report is not imported. View source
CalPERS: CalPERS Private Equity Program Fund Performance, as of December 31, 2025. Net IRR and investment multiple as reported by CalPERS. N/M (not meaningful) for funds in early years is shown as blank. View source
Maine Public Employees Retirement System (MainePERS): MainePERS Private Market Investments Summary, as of March 31, 2026. "Interim Net IRR" as printed in the Private Equity pages of the Private Market Investments Summary that MainePERS posts each quarter, one quarter in arrears. MainePERS says the figures are based on cash flow information provided by the general partner, use interim estimates, were not prepared, reviewed or approved by the partnerships or general partners, and should not be used to compare returns among funds or limited partners; it reports an IRR only for funds with more than 24 months of history and contributions above 50% of the commitment, and marks the rest "NM" (14 rows, shown as blank). The report gives amounts in thousands of dollars (shown here multiplied by 1,000): Commitment, Amount Contributed, Total Distributions, Current Market Value and Total Value (distributions plus market value). TVPI = Total Value / Amount Contributed and DPI = Total Distributions / Amount Contributed are computed from those rounded amounts. The report gives a date of commitment, which it says is not the date of the first capital draw, and no vintage year, so vintage is blank. All 173 rows MainePERS lists under Private Equity are included as it classifies them (buyout, growth and venture funds, plus a few energy, special-situations and credit-type funds it holds in that class): 138 funds and the 35 co-investments listed under them, named here as "fund: co-investment". Their contributions and distributions add up to the Private Equity line of the report's Asset Class Summary ($5,578,116,000 contributed, $5,810,920,000 distributed, 14.3% interim net IRR for the class); their commitments add up to $5,329,830,000, where that summary line says $5,352,225,000, a difference the report does not explain. Its Alternative Credit, Infrastructure, Natural Resources and Real Estate tables are not imported. View source
About this data
Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.