BOYLSTON ADVISORS, LP other names

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Adviser Profile

As of Date:

07/31/2024

Adviser Type:

- Large advisory firm


Number of Employees:

26 -23.53%

of those in investment advisory functions:

2


Registration:

SEC, Approved, 2/11/2016

AUM:

12,490,671,000 10.80%

of that, discretionary:

9,825,598,000 17.71%

Private Fund GAV:

4,032,179,000 3.46%

Avg Account Size:

55,761,924 8.82%

% High Net Worth:

77.23% 1.14%


SMA’s:

YES

Private Funds:

40 3

Contact Info

617 xxxxxxx

Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
8B 7B 6B 5B 4B 2B 1B
2016 2017 2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Hedge Fund 7 $1,097,701,000
Private Equity Fund 27 $2,566,450,000
Real Estate Fund 3 $320,750,000
Venture Capital Fund 3 $47,278,000

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Private Funds



Employees




Brochure Summary

Overview

Boylston Advisors, LP (“Boylston”), 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 the Clarendon Funds (defined below), Boylston Low Correlation Investments, L.P., Boylston Real Assets Fund, L.P. (collectively, the “Boylston Funds”), the Coinvest Clients (defined below) and to separate account clients, who are current and former personnel of Bain Capital and their estate planning vehicles and other related accounts (the “Separate Account Clients”). As the investment adviser of the Boylston Funds, the Clarendon Funds (defined below) and Separate Account Clients (collectively, the “Partner Investments Clients”), Boylston identifies investment opportunities for, and may participate in the acquisition, monitoring and disposition of investment opportunities for the Partner Investments Clients. The primary focus of Boylston’s investment advisory activity is recommending limited partnership interests in third party funds that invest in independent return, opportunity credit, hedged equity, infrastructure, real estate, natural resources, public equity (developed and emerging markets), private equity and venture asset classes to the Partner Investments Clients and advising pooled investment vehicles through which current and former personnel of Bain Capital and its affiliates and certain related persons invest in Related Funds (defined below) or participate in transactions executed by Related Funds, in each case advised by the Affiliate Advisers (each as defined below) other than Boylston (such pooled vehicles, the “Coinvest Clients,” together with the Partner Investments Clients, the “Clients”). The Partner Investments Clients generally use a “fund of funds” investment structure, and, as such, the Partner Investments Clients do not typically make direct investments in publicly
traded securities or in private operating entities. However, from time to time, Boylston may offer advice to Partner Investments Clients on investments in equities, private equity transactions, fixed income products, derivative instruments or in other asset classes. The Coinvest Clients typically invest directly in the Related Funds or make direct investments alongside the Related Funds. Boylston provides investment advisory services to each Boylston Fund pursuant to separate investment and advisory agreements (each an “Advisory Agreement”). Investments recommended to and accepted by Separate Account Clients or investments independently sourced by Separate Account Clients may be executed through an aggregator vehicle (a “Clarendon Fund”). For Boylston Funds and Coinvest Clients, investment advice is provided directly to each Boylston Fund and Coinvest Client, subject to the direction and control of the applicable general partner of such Boylston Fund and Coinvest Client and not individually to investors in those Boylston Funds and Coinvest Clients. Any restrictions on investing in certain types of investments are established by the general partner of the applicable Boylston Fund and Coinvest Client and are set forth in the governing documents for each respective Boylston Fund and Coinvest Client. The governing documents of the Coinvest Clients and/or Related Funds restrict Coinvest Clients to investing on a formulaic basis in or alongside the Related Funds. In particular, when a Coinvest Client coinvests with a Related Fund (defined below) that is a private equity or venture capital fund, the governing documents of the general partner of the Coinvest Client require such general partner to comply with any agreement with respect to voting or disposing of such co-investment made by the general partner of the Related Fund (defined below). As of December 31, 2023, Boylston provides investment advice to approximately $12,490,671,000 of client assets, of which $9,825,598,000 is discretionary1 and $2,665,073,000 is non- discretionary.