Thoughts on Bain Capital PE?
Not a lot of discussion on here about them in the last few years. Bloomberg just reported that they’re now targeting a $9B fundraise + partner commits, so modestly bigger than their last fund. Looks like performance lately has also been good, so presumably they’re taking a restrained approach? Curious if anyone has additional info or perspective into how they’re doing as a firm.
I do not work at Bain. The people I've worked with there are incredibly sharp and knowledgeable, particularly in industry w/r/t portcos and potential investments. Very impressive group and to my knowledge, high performing funds though I would check LP pages to get a good gauge
bump also curious
The reality is, in 2020, these guys are a slightly above average UMM fund. Returns have declined and fundraising has slowed significantly. It really can't be overstated enough how big of a deal it is that their recent fundraise is nearly failing to eclipse their prior fund, that is a huge red flag in the world of PE. If I were a top associate candidate I would think twice, this isn't 2005 anymore.
Redacted.
Also.
What about at an analyst level? Could you move to up-and-coming UMMs?
this guy is giving such false information. if you were lucky enough to get to bain, you wouldn’t be looking to jump to another PE fund unless you needed to
This is completely inaccurate.
See above, happy to hear your response if you feel otherwise
Is that why they've been trying to lock in talent at analyst level?
Top shop but you’ll work VERY long hours including on weekends
Isn't that all PE lol
This just isn't true
Yeah, but, you know, the upside of that is you get to work at Bain fucking Capital.
.
bump for additional insight?
There is a civil way of determining this debate.
CALSTRS Performance (Q3 ’19):
New Mexico Performance (Q2 ’19):
The story is that Bain Cap struggled through the ’08 Recession (~3rd quartile funds) but has since somewhat recovered.
The Negatives:
The Positives:
From an Associate’s perspective, still a great experience but no harm in being a little skeptical that golden brand names have their limitations.
Sources: https://www.calstrs.com/sites/main/files/file-attachments/private-equit… https://www.nmerb.org/pdfs/2019-01-10_NMERB%202Q19%20PE%20Report%20FINA… https://pitchbook.com/news/articles/bain-capital-approaches-10b-for-lat… https://pitchbook.com/news/articles/bain-capital-back-under-the-microsc… https://pitchbook.com/news/articles/this-day-in-buyout-history-deluged-… https://www.baincapitalprivateequity.com/portfolio#getTop757
this is good analysis, except the 9.4B 2017 fund xi had a target of 7B and a hard cap of 8B. I guess we’ll see what happens with this upcoming fundraise
https://pitchbook.com/news/articles/bain-capital-approaches-10b-for-lat…
That's a lot of negatives
Think we could get an update on your perspective on Bain Capital's performance? Any improvements since your comment here? Good place to start as an analyst?
2021 Bump
any updated info on performance?
No bueno
I expect their fund sizes will begin shrinking. Very poor performance.
Per what? Fund XII doesn’t have much liquidity yet besides the 5x deal they just did on Imperial Dade. Performance seems to be tracking fine at least from what they’ve been discussing internally
Its marked at 17% net IRR / 4th quartile though according to Preqin
Not great. Take a look at the performance. I am talking about their Real Estate Funds at Bain Capital Real Estate.
anyone know how the latest bain PE fund is doing?
https://www.reuters.com/business/finance/exclusive-bain-capital-raises-…
Bain amassed $10 billion from outside investors for its 13th buyout fund, Bain Capital Fund XIII.
Latest exit was Blue Nile and it was a disaster sold at a loss which isn't a great sign
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