The private equity firm surpassed its $1 billion target for its first real estate fund. : (Bloomberg)—Bain Capital raised $1.5 billion for its debut real estate fund, surpassing the original $1 billion target, as investors pour record amounts of capital into the industry. Harvard University’s endowment is among the biggest backers of the fund, which focuses on niche areas like life sciences and labs, senior housing and self-storage, Bain executives said in an interview. Other investors include the Los Angeles County Employees Retirement Association, which committed $100 million earlier this year.