Private equity giant Bain Capital is keeping its sights on Asia, leveraging its experience in consumer and payment businesses.
Bain Capital, which has around $75 billion under management, also remains confident on China despite recent wobbles in the world's second largest economy, a senior executive said.
"(China) is not in a recession, it's in a transition. It's in a transition from a highly manufacturing-based economy to a more services economy and we're taking advantage of those trends," Steve Pagliuca, managing director at Bain Capital told CNBC.
Within China, Bain has invested in China PnR, which provides infrastructure for financial services on the mainland, applying its experience with U.K. -based payment processor WorldPay, Pagliuca noted. WorldPay was listed on the London Stock Exchange last month, in what was the U.K.'s largest initial public offering so far this year, raising more than 2 billion pounds in a deal valuing the company at more than 6 billion pounds.
In addition, Bain has brought the license for children's retailer Gymboree to China.