Hedge Funds: Bain to Raise Up To $7 Billion For New Long-Only, Public Equities Fund


Josh Ross, Bain’s public equities veteran, will oversee the new fund.

Alternatives investments specialist Bain Capital will be less ‘alternative’ soon. It is proposing a fundraise for a new public equity, long-only fund.

According to Bloomberg (via Yahoo Finance), the new fund will be overseen by Josh Ross, who has been running the firm’s public equities group since 2017.

Bain Capital Public Equity

Bain Public Equity, since 1996, has been applying a conviction-based approach to absolute return-oriented alternative equity strategies in the public markets. The unit was previously known as Brookside Capital. It is a “global alternative equity platform” that relies on fundamental research for actionable investment insights. The manager emphasizes:

  • Analytical portfolio construction
  • Isolate alpha
  • Generate good returns with low correlation to broad equity markets

According to Bloomberg, which quoted “people familiar with the matter,” the fund manager is targeting a fundraise of between $5 to $7 billion for the new fund.

Bain Capital: Diversifying out of Buyouts

Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $105 billion of assets under management. It is active in several alternative asset classes, including private equity, credit, venture capital and real estate.

Of late, it has raised funds for focused funds such as impact investing and life sciences – steps that mark a slight diversification from its buyout business.

Further, The firm’s Tech Opportunities Fund invests in companies in large, growing end markets with innovative or disruptive technology.

It has stuck to its hedge fund knitting in the face of industry headwinds.

For the past few years, more hedge funds closed than new funds opened.

Related Story:  Bain Capital, Carlyle Announce Bid to Takeover Osram

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News

Alternative Investments/Real Estate: The New Guardian i3 Global REIT ETF
August 13, 2020     Alternative Investments, News, Real Estate

The inaugural suite of five ETFs from Guardian Capital comprises two Directed Outcomes solutions that combine high conviction ideas with derivative overlays to seek high income and risk mitigation and…

Venture Capital: Gong Secures Unicorn Status With $200M Series D
August 13, 2020     News, Venture Capital

Gong, the startup which helps businesses glean “revenue intelligence” from customer interactions, achieved unicorn status when it raised $200 million at a valuation of $2.2 billion. Coatue led the Series…

Digital Assets: NPP, A Blockchain Solution for Governments Considering a CBDC
August 13, 2020     Digital Assets, News

Apollo Fintech announced Wednesday the completion of its National Payment Platform (NPP), the first of its kind, blockchain-based, cashless national currency platform. It enables a central bank to issue a…

FinTech: Done With Beta, Revolut Preps For Australian Launch
August 13, 2020     FinTech, News

Revolut, the UK-based neobank led by Nikolay Storonsky, on Tuesday called an end to its beta mode operations in Australia. Country CEO Matt Baxby said the fintech was now readying…