Bain Capital Asia Fund V, L.P
- Vintage
- 2023
A non-venture vehicle outside venture scope, shown because its manager is on the venture graph.
What matters now
- 3 LP reportspublic disclosures
3 public LP reports name this vehicle; the latest, Alaska Permanent Fund Corporation as of 31 Dec 2025, shows $25M committed.
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Amounts, each with its basis
- Vintage
- 2023basis: lp reported
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- unknown
- Owners (ADV)
- unknown
- Reported on ADV
- unknown
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Lifecycle
Active deployment
Lifecycle
The fund's own reporting through time
Principals and agents
Service providers
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| California Public Employees' Retirement System calpers.ca.gov | 2023 | $300M | $135M | $17.7M | $163M | 30.7% | 1.3x | Dec 31, 2025 |
| Alaska Permanent Fund Corporation apfc.org | 2023 | $25.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | Dec 31, 2025 |
| California State Teachers' Retirement System calstrs.com | 2023 | $150M | $56.0M | $6.7M | $67.5M | 36.4% | 1.3x | Jun 30, 2025 |
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | $300M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | $150M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| Alaska Permanent Fund Corporation | SOVEREIGN LINKED US ALLOCATOR | $25.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Investments attributed to this vehicle
Timeline
- Dec 31, 2025APFC reports Bain Capital Asia Fund V LP: $25,000,000 committed, vintage 2023LP commitment disclosed Fact Pension disclosure
- Dec 31, 2025CalPERS reports Bain Capital Asia Fund V, L.P.: $300,000,000 committed, vintage 2023, net IRR 30.7%, 1.3xLP commitment disclosed Fact Pension disclosure
- Jun 30, 2025CalSTRS reports Bain Capital Asia Fund V: $150,000,000 committed, vintage 2023, net IRR 36.4%, 1.33xLP commitment disclosed Fact Pension disclosure
Evidence
Every observation on this vehicle
- Lp reported fund: Bain Capital Asia Fund V, L.P Sep 13, 2026 Fact Pension disclosure
Relationships across DFX
on 1 other DFX graph · 15 capital paths
Bain Capital Asia Fund V, L.P is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Bain Capital Asia Fund V, L.P sits on 15 traced paths of capital across the graphs.
DFX traced 15 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-06-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.