Fund

Bain Capital Tech Opportunities

Boston · team formed 2019 · ~$3.7B raised

The growth-software arm of Bain Capital, a $225B private-equity firm founded in 1984. Two funds so far, $1.3B in 2020 and $2.4B in 2023, with a third raising. No stated defense thesis; it arrived through two deals, a $150M investment in Govini in October 2025 and the $136M Series B it led for Defense Unicorns in January 2026, with David Petraeus among the co-investors.

Size

$3.7B raised across funds

Latest fund: $2.4B (2023)

As of 2023-11-01 · source

Strategy-level figure: Fund I $1.3B (2020) plus Fund II $2.4B (2023); Fund III is raising. Parent Bain Capital reports about $225B AUM as of March 2026.

Runs it

Scott KirkDewey Awad

Pension investors

• California CalPERS
  $150M committed · as of Dec 31, 2025

From each pension fund's own documents. Partnerships and sources are on What the pensions hold.

Backs on this map

Defense UnicornsGovini

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