For purposes of this brochure, unless otherwise noted, the “Advisers” mean (i) Bain Capital Private
Equity, LP (“Bain Capital Private Equity”), a Delaware limited partnership, (ii) Bain Capital
Double Impact, LP (“Bain Capital Double Impact”), a Delaware limited partnership, (iii) Bain
Capital Life Sciences, LP (“Bain Capital Life Sciences”), a Delaware limited partnership, and (iv)
Bain Capital Tech Opportunities, LP (“Bain Capital Tech Opportunities”), a Delaware limited
partnership, each of which are wholly owned by Bain Capital, LP (“Bain Capital”). Bain Capital
Private Equity provides investment advisory services to pooled investment vehicles (the “Bain
Capital Private Equity Funds”)
1 that are exempt from registration under the Investment Company
Act of 1940, as amended (the “1940 Act”), and whose securities are not registered under the
Securities Act of 1933, as amended (the “Securities Act”). Bain Capital Double Impact provides
investment advisory services to pooled investment vehicles (the “Bain Capital Double Impact
Funds”) that are exempt from registration under the 1940 Act and whose securities are not
registered under the Securities Act. Bain Capital Life Sciences provides investment advisory
services to pooled investment vehicles (the “Bain Capital Life Sciences Funds”) that are exempt
from registration under the 1940 Act and whose securities are not registered under the Securities
Act. Bain Capital Tech Opportunities provides investment advisory services to a pooled
investment vehicle (the “Bain Capital Tech Opportunities Fund”)
2 that is exempt from registration
under the 1940 Act and whose securities are not registered under the Securities Act. As the
investment advisers of the Bain Capital Private Equity Funds, the Bain Capital Double Impact
Funds, the Bain Capital Life Sciences Funds, the Bain Capital Tech Opportunities Funds
(collectively, the “Funds”), the applicable Adviser, along with each Fund’s General Partner (each
a “General Partner” or “GP”, and collectively the “General Partners”), identifies investment
opportunities for, and participates in the acquisition, management, monitoring and disposition of
investments of, each applicable Fund.
Each Adviser operates its business as follows:
(1)
Bain Capital Private Equity. The primary focus of Bain Capital Private Equity’s
investment advisory activity is researching and advising on private equity investments,
including leveraged acquisitions and recapitalizations, investments in growth
companies, turnarounds and traditional buyouts in a wide variety of industries. Such
investments take the form of privately negotiated investment instruments including
unregistered equity from both U.S. and non-U.S. issuers. Although the primary focus
of each Bain Capital Private Equity Fund is on private equity investments, Bain Capital
Private Equity may from time to time recommend other types of investments consistent
with the respective Bain Capital Private Equity Fund’s investment strategy and
objectives.
(2)
Bain Capital Double Impact. The primary focus of Bain Capital Double Impact’s
investment advisory activity is researching and advising on investments in self-
1 Where applicable, includes wholly owned subsidiaries and Alternative Investment Vehicles (AIVs) related to
transactions with Bain Capital Private Equity Funds.
2 Where applicable, includes wholly owned subsidiaries and AIVs related to transactions with Bain Capital Double
Impact Funds, Bain Capital
Life Sciences Funds, and Bain Capital Tech Opportunities Funds, respectively.
identified impact- or mission-oriented companies and more traditional businesses with
positive impact products and services. These include control investments in lower
middle market growth equity companies and minority and other investment
structures. Such investments may take the form of privately negotiated investment
instruments including unregistered equity and debt instruments from both U.S. and
non-U.S. issuers consistent with each Bain Capital Double Impact Fund’s investment
strategy and objectives. Although the primary focus of Bain Capital Double Impact
Funds is on controlling equity investments, Bain Capital Double Impact may from time
to time recommend other types of investments consistent with the respective Bain
Capital Double Impact Fund’s investment strategy and objectives.
(3)
Bain Capital Life Sciences. The primary focus of Bain Capital Life Sciences’
investment advisory activity is researching and advising on investments primarily in
biopharmaceutical, medical device, diagnostics and enabling life science technology
companies. These include companies that need capital to achieve the next milestone,
accelerate or expand growth or re-establish momentum following a setback. Although
the primary focus of Bain Capital Life Sciences Funds is on controlling equity
investments, Bain Capital Life Sciences also recommends other types of investments
consistent with the respective Bain Capital Life Sciences Fund’s investment strategy
and objectives, including investments in public companies.
(4)
Bain Capital Tech Opportunities. The primary focus of Bain Capital Tech
Opportunities’ investment advisory activity is researching and advising on investments
in technology and technology-enabled companies. These include a mix of majority,
control positions of the securities of a portfolio company and minority and other
investment structures. Although the primary focus of Bain Capital Tech Opportunities
is pursuing investments based in North America, it may also selectively pursue
investments in other geographic regions.
The Advisers provide investment advisory services to the applicable Funds pursuant to separate
investment and advisory agreements (each, an “Advisory Agreement”). Investment advice is
provided by an Adviser directly to the applicable Funds, subject to the direction and control of the
affiliated General Partner of such Fund and not individually to the investors in the Funds.
Any restrictions on investments in certain types of securities are established by the General Partner
of the applicable Fund and are set forth in the documentation received by each limited partner prior
to investment in such Fund. Once invested in a Fund, investors cannot impose restrictions on the
types of securities in which such Fund may invest. Currently there are no restrictions on the types
of securities in which a Fund may invest.
Bain Capital Private Equity has been in business since 1984. As of December 31, 2022, Bain
Capital Private Equity, Bain Capital Double Impact, Bain Capital Life Sciences, and Bain Capital
Tech Opportunities collectively managed approximately $78,603,075,000
3 of client assets, all of
which are managed on a discretionary basis.
3 Bain Capital Private Equity does not have ultimate investment discretion with respect to the assets of any Bain
Capital Private Equity Fund, as such discretion is retained by the applicable General Partner of each Bain Capital