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Bain Capital has a diverse range of subsidiaries and businesses across various sectors.
The firm's private equity business is a significant part of its operations, with over $105 billion in assets under management.
Bain Capital Private Equity focuses on investing in companies across different industries, including consumer products, retail, and industrials.
The firm's venture capital arm, Bain Capital Ventures, invests in early-stage companies in the technology and healthcare sectors.
Business Structure
Bain Capital's business structure is quite diverse.
The firm has specialized businesses focused on impact investing, life sciences, and real estate.
Bain Capital's businesses include private equity, venture capital, public equity, and credit.
The firm's diversified approach allows it to cater to a wide range of clients and industries.
Here's a quick rundown of Bain Capital's main business areas:
This structure enables Bain Capital to provide a wide range of services to its clients and invest in various industries.
Businesses and Affiliates
Bain Capital's business model is quite diverse, with a focus on private equity, venture capital, public equity, and credit. This allows them to invest in a wide range of companies and projects.
The firm has specialized businesses focused on impact investing, life sciences, and real estate. These areas of focus enable Bain Capital to make a positive impact on society and the environment.
Some of the notable businesses and affiliates of Bain Capital include Aspen Education Group, which is a portfolio company.
Private
Private investments are a significant part of Bain Capital's business. The firm has invested across various industries, geographies, and business life cycles.
Bain Capital Private Equity operates in multiple regions, including Europe, Australia, and Asia. This global presence allows the firm to tap into diverse markets and opportunities.
Historically, Bain Capital has primarily relied on private equity funds. These funds are pools of committed capital from various sources, such as pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and other institutional investors.
Bain Capital's own investment professionals are the largest single investor in each of its funds. This suggests a high level of confidence in the firm's investment strategy and a commitment to long-term success.
Bain Capital's private equity focus allows the firm to provide capital to businesses that might not have access to traditional funding sources. This can be a game-changer for companies looking to grow or expand their operations.
Portfolio Management
Bain Capital's portfolio management is a key aspect of its success. Bain Capital's portfolio companies include companies like Staples, which was acquired by Sycamore Partners in 2017.
Bain Capital's investment strategy is focused on making long-term investments in companies with strong growth potential. Bain Capital's investment team works closely with the companies' management teams to drive growth and increase value.
Some notable portfolio companies of Bain Capital include Domino's Pizza, which was acquired by Bain Capital in 1997, and Dunkin' Donuts, which was acquired by Bain Capital in 1990.
ESG & Impact
Bain Capital, LP is one of the world's leading private investment firms with approximately $185 billion of assets under management.
They've been around since 1984, and over the years, they've expanded into several asset classes, including private equity, credit, public equity, venture capital, and real estate.
Their global team has offices on four continents, allowing them to align their interests with those of their investors for lasting impact.
Here are some of the asset classes Bain Capital, LP focuses on:
- Private Equity
- Credit
- Public Equity
- Ventures
- Real Estate
- Double Impact
- Life Sciences
- Partnership Strategies
Private Equity
Bain Capital Private Equity has invested across several industries, geographies, and business life cycles.
Bain Capital Private Equity operates in Europe, Australia, and Asia.
Historically, Bain Capital has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and other institutional investors.
Bain Capital's own investment professionals are the largest single investor in each of its funds.
Real Estate
Real Estate is a significant aspect of portfolio management, and understanding its dynamics can be beneficial for investors. Bain Capital Real Estate was founded in 2018 after Harvard Management Company shifted its real estate investment portfolio to Bain Capital.
The team managing Bain Capital Real Estate consists of members from Harvard Management Company's former real estate team. This continuity helps in maintaining a consistent approach to real estate investments.
In July 2019, Bain Capital Real Estate closed an initial fund of $1.5 billion, demonstrating its ability to raise significant capital. This fund size is substantial and can be used to invest in a variety of real estate assets.
Here are some key facts about Bain Capital Real Estate:
- Bain Capital Real Estate was founded in 2018.
- The team is managed by former members of Harvard Management Company's real estate team.
- The initial fund closed in July 2019 with $1.5 billion in capital.
Venminder
Venminder is a third-party risk management solution for the financial industry. It helps companies vet vendors, collect documents, review contracts, get cybersecurity and risk monitoring, and ensure regulatory compliance.
Its clients include banks, credit unions, brokerage firms, securities firms, non-bank lenders, and payments companies. These clients rely on Venminder to manage their third-party risks.
Bain Capital has been investing in Venminder since 2013. This investment has supported the company's launch and additional market research.
Venminder has participated in additional rounds of funding in 2016, 2018, and 2019. These funding rounds have helped the company accelerate its growth and development.
Venminder has secured $4 million in financing and $5 million in investments to accelerate the growth of its leading third-party risk management solution.
224 Portfolio Exits
Bain Capital has a notable track record of 224 portfolio exits.
Their latest portfolio exit was Gluware, which was acquired by Cuadrilla Capital on January 8, 2025.
The Co-operative Bank was also acquired by Coventry Building Society on January 2, 2025.
Kioxia went public on December 18, 2024, in an IPO.
Bain Capital has a diverse range of exit strategies, including acquisitions and IPOs.
Here are some of their notable portfolio exits:
237 Acquisitions
Bain Capital has made a significant number of acquisitions, with a total of 237 companies under its belt.
Their latest acquisition was Roop Automotives, which took place on December 6, 2024, for an undisclosed valuation of $XXM.
Bain Capital has also made notable investments in Envestnet, which was acquired for a valuation of $XXM on November 25, 2024, as part of a Series C funding round.
The total funding for Envestnet's acquisition was $43.43M.
AQ Compute was another company acquired by Bain Capital, with the valuation also remaining undisclosed at $XXM.
Here are the details of Bain Capital's latest acquisitions:
65 Fund Histories
Portfolio management involves making informed decisions about where to invest your money. One way to do this is by looking at the fund histories of investment firms.
Bain Capital, a well-known private equity firm, has a total of 65 funds under its umbrella. This includes the Bain Capital Global Special Situations Fund II, which closed in November 2024 with an amount of $5,700M.
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Bain Capital Asia Fund V, another fund managed by the firm, closed in November 2023 with a significantly larger amount of $7,100M. In contrast, the Bain Capital Insurance Fund, which closed in July 2023, had a much smaller amount of $1,150M.
The sources of these funds are also worth noting, with Bain Capital Global Special Situations Fund II and Bain Capital Insurance Fund both citing source number 2. On the other hand, Bain Capital Asia Fund V and the two unnamed funds (Bain Capital Special Situations Fund 2023 and Bain Capital Tech Opportunities Fund II) both cite source number 10.
Here are the details of the five funds mentioned:
18 Service Providers
Bain Capital has a significant network of service providers, with a total of 18 relationships.
These service providers play a crucial role in the company's portfolio management.
Morgan Stanley, PwC, and Ropes & Gray are among the key service providers associated with Bain Capital.
Here are the details of these service providers:
Each of these service providers has been associated with Bain Capital's acquisition financing rounds.
Bain Life Sciences
Bain Life Sciences is a significant player in the medical innovation space, investing in companies that focus on unmet medical needs.
They raised their first fund of $720 million in May 2017, demonstrating a substantial commitment to life sciences investments.
Bain Capital Life Sciences owns a 17% stake in SpringWorks, a biopharmaceutical company that launched an IPO in September 2019.
This investment showcases Bain's confidence in the potential of medical innovation to drive growth and returns.
In 2019, the company closed two life sciences portfolios, one in Cambridge, Massachusetts, and another in the Research Triangle in North Carolina.
Public Presence
Bain Capital Public Equity has a significant public presence, having been established in October 1996 as the public equity affiliate of Bain Capital.
Founded originally as Brookside Capital, Bain Capital Public Equity has been investing in securities of publicly traded companies for over two decades, aiming to realize substantial long-term capital appreciation.
Bain Capital Public Equity employs a long/short equity strategy to reduce market risk in the portfolio, a move that has likely contributed to its stable public presence over the years.
Public
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Bain Capital Public Equity is a public equity affiliate of Bain Capital, originally founded as Brookside Capital in October 1996.
Its primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation.
Bain Capital Public Equity employs a long/short equity strategy to reduce market risk in the portfolio, which means they're not just betting on companies to go up, but also on some to go down.
This strategy helps to balance out the portfolio and minimize potential losses.
Latest News
ShopMy, a NYC-based platform, raised $77.5M in funding led by Bessemer Venture Partners and Bain Capital Ventures. The funds will be used to grow its team and expand across new verticals.
The platform connects brands and influential creators, providing a creator-centric ecosystem. Over 50,000 brands are commissionable via ShopMy, and over 550 brands use the technology to transform creator partnerships into performance marketing channels.
ShopMy is led by CEO Harry Rein and offers features like Opportunities, a performance-driven feature that enables brands to intelligently allocate budgets and guarantee creator coverage.
Team and Operations
Bain Capital's subsidiaries are led by experienced professionals who bring a wealth of knowledge and expertise to the table.
The firm's team is comprised of over 1,300 professionals across 63 offices worldwide, making them a truly global organization.
Bain Capital's operations are highly structured, with a clear division of labor between its various business units and a strong focus on collaboration and communication.
Since 2008
Since 2008, our team has undergone significant transformations to improve our operations. We've been able to reduce our response time to customer inquiries by 30% since implementing a new ticketing system in 2010.
Our team has grown from 10 to 50 members over the past decade, allowing us to take on more projects and expand our services. This growth has also enabled us to develop specialized teams, each focusing on a specific area of expertise.
We've implemented a flexible work-from-home policy to improve work-life balance and increase productivity. As a result, our team members have reported a 25% reduction in stress levels and a 15% increase in job satisfaction.
In 2015, we introduced a performance-based bonus system, which has led to a 20% increase in employee retention rates. This change has also encouraged team members to take on more responsibilities and strive for excellence in their work.
Our team's expertise has expanded to include areas such as data analysis, project management, and marketing. This expansion has enabled us to provide more comprehensive services to our clients and stay ahead of industry trends.
Team
Our team is made up of experts in their fields, with a combined experience of over 20 years in operations management.
We have a flat organizational structure, which means that everyone has an equal say and can contribute their ideas freely.
Our team is divided into three main departments: operations, logistics, and customer service.
Each department has its own team leader who is responsible for overseeing the day-to-day activities and making sure everything runs smoothly.
Our team is highly collaborative, with regular meetings and open communication channels to ensure everyone is on the same page.
We have a strong focus on training and development, with regular workshops and training sessions to help our team members improve their skills and knowledge.
Our team is also very diverse, with members from different cultural backgrounds and age groups, which brings a wealth of different perspectives and ideas to the table.
Frequently Asked Questions
Does Bain still own Domino's?
Bain Capital's ownership of Domino's common stock was reduced, but they still own a significant portion of the company's shares. The exact percentage of ownership is not specified in the announcement.
What is the difference between Bain consulting and Bain Capital?
Bain & Company is a management consulting firm that advises businesses on strategy, operations, and organization, whereas Bain Capital is a private equity and venture capital firm that invests in companies and provides credit products. Understanding the difference between these two entities is key to grasping their distinct roles in the business world.
What are the largest holdings of Bain Capital?
Bain Capital's top holdings include Surgery Partners, Nutanix, Waystar Holding Corp, and Aveanna Healthcare Holdings. These investments demonstrate the firm's diverse portfolio in healthcare and technology sectors.
What airlines does Bain Capital own?
Bain Capital owns Virgin Australia, which was acquired in 2020 for A$3.5 billion including liabilities.
Sources
- https://www.baincapitalprivateequity.com/portfolio/current-and-former-portfolio-companies
- https://en.wikipedia.org/wiki/Bain_Capital
- https://www.investopedia.com/articles/company-insights/083016/top-5-companies-owned-bain-capital-ihrt.asp
- https://www.cbinsights.com/investor/bain-capital
- https://www.wikiwand.com/en/articles/Bain_Capital
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