Bain Capital Tech Fund Partner Steering Clear of AI Startups (2)

A Bain Capital tech investment fund may be one of the few that isn’t looking to back the next cutting-edge generative AI startup.

“I think that’s earlier stage, more risky venture capital,” Bain Capital Tech Opportunities partner Darren Abrahamson said. “We were born to sit in between our venture effort and our large-cap private equity effort, and sort of fill that gap for later-stage companies.”

The fund focuses on four primary verticals: application software, infrastructure and cybersecurity, fintech and payments, and health-care IT. According to its website, the fund’s portfolio includes security firm Blackpoint Cyber, the health-care company Athenahealth ...