Bain Capital Public Equity, LP (“Bain Capital Public Equity”), a Delaware limited partnership
wholly owned by Bain Capital, LP (“Bain Capital”), provides investment advisory services to
pooled investment vehicles 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”), including: Brookside Capital Partners Fund, L.P.
(“Fund I”), Bain Capital Public Equity Global Partners Fund, L.P. (“BCGPF”), Bain Capital
Public Equity Global Long Equity Fund, L.P., Bain Capital Public Equity Enduring Equity Fund,
L.P., and certain co-investment pooled vehicles (collectively with the Trading Fund (defined
below) the “Public Equity Funds”). In addition, Bain Capital Public Equity sub-advises an
Undertakings for the Collective Investment in Transferrable Securities vehicle (“UCITs”).1 Bain
Capital Public Equity also provides investment management services to clients in separately
managed accounts (“Separate Account Clients”), which may be structured in various forms. The
Public Equity Funds and Separate Account Clients are referred to collectively as “Public Equity
Clients”.
As the investment adviser of each Public Equity Client (along with, in the case of each Public
Equity Fund, the general partner (“General Partner”) of such Public Equity Fund),2 Bain Capital
Public Equity identifies investment opportunities, and participates in the acquisition, management,
monitoring and disposition of investments, for each Public Equity Fund.
The primary focus of Bain Capital Public Equity’s investment advisory activity is advising the
Public Equity Clients about investments in securities of publicly traded companies that offer
opportunities to realize substantial long-term appreciation. As applicable, Bain Capital Public
Equity also advises Public Equity Clients on short sales involving public companies and private
placements, including offering advice about investments in private companies and other
transactions through private instruments. From time to time, Bain Capital Public Equity further
may offer advice on investments in performing and distressed bank loans, high yield bonds,
structured products, credit based securities, swap transactions (including single stock swaps,
basket swaps, index swaps,
credit default swaps and contracts for differences), derivative
instruments, options, commercial paper, currency hedging transactions, securities lending
arrangements, repurchase agreements and other asset classes. The Public Equity Funds offer
limited partnership interest (“Interest”) to qualified persons, who, upon admission to the Public
Equity Funds, will become limited partners (“Limited Partners”).
Bain Capital Public Equity provides investment advisory services to each of the Public Equity
Funds and Brookside Capital Trading Fund, L.P. (the “Trading Fund”) pursuant to separate
investment and advisory agreements (each, an “Advisory Agreement”). Investment advice is
provided by Bain Capital Public Equity directly to the Public Equity Funds, subject to the direction
and control of the General Partner of such Public Equity Fund and not individually to investors in
the Public Equity Funds. The Trading Fund serves as a common investment vehicle for Fund I
and BCGPF for global public securities.
1 As applicable, “Public Equity Funds” should be read to generally include the UCITs vehicle.
2 References to General Partner in relation to carried interest for purpose of this document include any Special Limited
Partner for applicable Public Equity Funds.
Any restrictions on investments in certain types of securities are established by the General Partner
of the applicable Public Equity Fund and are set forth in the documentation received by each
Limited Partner prior to investment in such Public Equity Fund.
Bain Capital Public Equity provides investment management services to each Separate Account
Client in accordance with the terms and conditions of the Advisory Agreement. The terms of these
documents, including any restrictions on investments in certain types of securities, are generally
established at the time of the formation of the applicable separate account and are the result of
negotiations with the applicable Separate Account Client. The Advisory Agreement of the
Separate Account Client may be changed by such Separate Account Client only to the extent
permitted by the applicable Advisory Agreement.
Bain Capital Public Equity has been in business since 1996. As of December 31, 2023, Bain
Capital Public Equity manages approximately $3,589,216,000 of client assets, all of which is
managed on a discretionary basis.