For purposes of this brochure, unless otherwise noted, the “Advisers” mean (i) Bain Capital
Ventures, LP ( “ Bain Capital Ventures”) a Delaware limited partnership and (ii) Bain Capital
Crypto, LP (“Bain Capital Crypto”) a Delaware limited partnership each of which are wholly
owned by Bain Capital, LP (“Bain Capital”). The Advisers provide 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”). As the investment advisers of the Bain
Capital Ventures Funds and Bain Capital Crypto Funds (collectively, the “Funds”), the Advisers,
along with the general partners of the Funds (“General Partner” and collectively the “General
Partners”), identify investment opportunities for, and participate in the acquisition, management,
monitoring and disposition of investments of, each applicable Fund.
Each Adviser operates its business as follows:
(1) Bain Capital Ventures is stage agnostic investing in software, hardware, information,
digital media, internet, healthcare, technology-driven business services companies and
digital assets. Such investments take the form of privately negotiated investment
instruments including unregistered equity from both U.S. and non-U.S. issuers and other
investments, including investments in partnerships, consistent with the respective Fund’s
investment strategy and objectives.
(2) Bain Capital Crypto’s strategy is to primarily pursue investments in core infrastructure
(smart contract platforms, smart contract scaling solutions and associated middleware),
decentralized finance and programmable money, emerging technologies (privacy, identity,
security) and adjacent equity investments in companies that provide infrastructure for the
crypto asset class.
The Advisers provide investment advisory services to each of the Funds pursuant to separate
investment and advisory agreements (each, an “Advisory Agreement”). Investment advice is
provided by the Advisers directly to the Funds, subject to the direction and control of the 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 Ventures has been in business since 2000. As of December 31, 2022, Bain Capital
Ventures and Bain Capital Crypto collectively managed approximately $9,626,848,000 of client
assets, all of which is managed on a discretionary
1
basis.
1 The Advisers do not have ultimate investment discretion with respect to the assets of any Funds, as such discretion
is retained by the applicable General Partner of each Fund.