BAIN CAPITAL INSURANCE SOLUTIONS, LP other names

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Adviser Profile

As of Date:

07/31/2024

Adviser Type:

- Large advisory firm


Number of Employees:

30 50.00%

of those in investment advisory functions:

19 46.15%


Registration:

SEC, Approved, 3/1/2021

AUM:

1,855,576,477 111.69%

of that, discretionary:

1,855,576,477 111.69%

Private Fund GAV:

1,646,718,123 133.69%

Avg Account Size:

463,894,119 111.69%


SMA’s:

NO

Private Funds:

2

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
877M 751M 626M 501M 376M 250M 125M
2021 2022 2023

Recent News

Bain Capital promotes top dealmaker to co-managing partner
03/27/2024

David Gross appointed to jointly lead the private equity group from April

Financial Times

PE Deals In China Are Picking Up, Bain Capital Says - Bloomberg
03/19/2024

Jonathan Jia Zhu, Partner & Co-Head of Asia Private Equity at Bain Capital, says he's been seeing strong deal activity in Japan and India and that ...

Bloomberg

DraftKings CFO Park to Become Chief Transformation Officer
03/18/2024

Park joined as CFO in 2019, and oversaw its transition to the public markets, DraftKings said. Prior to joining DraftKings, Park worked at Bain Capital Private Equity.

Wall Street Journal


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 2 $1,646,718,123

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Private Funds



Employees




Brochure Summary

Overview

Bain Capital Insurance Solutions, LP (“BCIS”), a Delaware limited partnership wholly owned by Bain Capital, LP (“Bain Capital”), provides investment advice to certain pooled investment vehicles (“BCIS Partnerships”) that are exempt from registration under the Investment Company Act of 1940 (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933 (the “Securities Act”). BCIS also provides sub-advisory services to certain pooled investment vehicles structured as insurance dedicated funds (“IDFs”). BCIS further provides investment advisory services to insurance companies that are in the business of providing life insurance, annuities, property insurance, and casualty insurance (“BCIS Insurance Clients”). The BCIS Insurance Clients, IDFs, and BCIS Partnerships are referred to collectively as “BCIS Clients.” As the investment adviser, BCIS (along with, in the case of each BCIS Partnership, the general partner (“General Partner”)1 of such BCIS Partnership), provides investment advice to BCIS Clients. In particular, BCIS advises BCIS Partnerships with certain strategies related to making investments in insurance companies. These strategies include BCIS Partnerships taking control- oriented and related positions in insurance companies. Such insurance companies are based in the United States, Europe, and/or other locations. BCIS also sub-advises IDFs, which invest in investment vehicles managed by Bain Capital’s affiliated registered investment advisers. With respect to these vehicles, BCIS focuses on investing the IDFs’ assets in underlying investment vehicles pursuing various investment strategies, including in the capital markets, private markets, and insurance spaces. BCIS allocates IDF capital to underlying funds pursuing these strategies, particularly to vehicles managed by BCIS and Bain Capital’s affiliated investment advisers. Lastly, BCIS advises BCIS Insurance Clients about investing their reserves and/or other investible assets. In particular, BCIS’ advisory activities include, among other things, (i) sourcing, identifying, and evaluating investment opportunities; (ii) making investment decisions; (iii) making investment representations on behalf of the BCIS Insurance Clients; and (iv) buying, selling and otherwise trading securities and other assets. BCIS also provides investment advice about the appropriate investment allocation of the insurance company’s assets, and the selection of advisers or sub-advisers to manage client
assets. BCIS manages assets in accordance with investment management agreements entered into with BCIS Insurance Clients, which contain the clients’ general instructions and mandate limitations. In certain instances, BCIS establishes separately managed accounts for its BCIS Insurance Clients. BCIS also enters into sub-advisory agreements with other Bain Capital affiliated advisers, which may sub-advise SMAs or other investment vehicles established by BCIS Insurance Clients. In addition, BCIS in some instances will recommend that BCIS Insurance Clients invest in investment vehicles managed by Bain Capital affiliated registered investment advisers and/or utilize advisory services rendered by them. These BCIS Insurance Clients could include portfolio companies invested in by BCIS 1 References to General Partner in relation to carried interest for purposes of this document include any Special limited partner for applicable BCIS Partnerships. Partnerships, other BCIS Clients, Bain Capital or their affiliate advisers. BCIS provides investment advisory services to each BCIS Client pursuant to separate advisory, investment management, or sub-advisory agreements (each, an “Advisory Agreement”). The terms of these documents, including any restrictions on investments in certain types of securities, are the result of negotiations with the applicable BCIS Client. The Advisory Agreement of a BCIS Client may be changed by such BCIS Client only to the extent permitted by the applicable Advisory Agreement. Investment advice is provided by BCIS directly to BCIS Partnerships, subject to the direction and control of the general partner of such BCIS Partnership and not individually to investors in the BCIS Partnerships. Any restrictions on investments in certain types of securities are established by the general partner of the applicable BCIS Partnership and set forth in the documentation received by each limited partner prior to investment in such BCIS Partnership. Once invested in a BCIS Partnership, investors generally cannot impose restrictions on the types of securities in which such BCIS Partnership may invest, subject to monitoring compliance with investment limitations on insurance companies set forth in applicable law and the boards of directors of insurance companies maintaining ultimate oversight over their investment portfolios, as required by law. BCIS has been in business since 2021. As of December 31, 2023, BCIS manages approximately $1,855,576,477 of client assets, all of which is managed on a discretionary basis.