Overview
Bain Capital Partnership Strategies, LP (the “Adviser”), a Delaware limited partnership wholly
owned by Bain Capital, LP (“Bain Capital”) provides investment advisory services to pooled
investment vehicles (the “Funds”) 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”). As the investment adviser of the
Funds, the Adviser, along with each Fund’s general partner (each, a “General Partner”), identifies
investment opportunities for, and may participate in the acquisition, monitoring and disposition of
investment opportunities of, each applicable Fund.
The primary focus of the Adviser’s investment advisory activity is acting as a capital allocator
focused on creating strategic partnerships with a diverse pool of third-party fund managers (each,
an “Underlying Adviser”). The Adviser invests across assets classes but focuses principally on
independent return “uncorrelated” investments. The Funds’ investments are made via a variety of
structures including commingled funds, funds-of-one, separately managed accounts, co-
investments, seed arrangements, direct
investments or other investments and strategies (such
investments “Underlying Investments”). In addition, from time to time, the Adviser will offer
advice to the Funds on investments in equities, fixed income products, derivative instruments or
other asset classes.
The Adviser provides investment advisory services to each Fund pursuant to separate investment
and advisory agreements (each an “Advisory Agreement”). Investment advice is provided by the
Adviser directly to each Fund, subject to the direction and control of the applicable General Partner
of such Fund and not individually to limited partners in those Funds.
Any restrictions on investing in certain types of investments are established by the General Partner
of the applicable Fund and are set forth in the governing documents for each respective Fund.
Once invested in a Fund, investors cannot impose restrictions on the types of securities in which
such Fund may invest.
The Adviser has been in business since 2018. As of December 31, 2023, the Adviser manages
approximately $2,643,398,000 of client assets, all of which are managed on a discretionary
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basis.