– Bain Capital closed over $5B across real estate strategies, including Fund III with $3.4B in commitments.
– $300M of Fund III came from Bain Capital employees and alumni, reinforcing investor alignment.
– Fund III and co-investments mark a major increase from Fund II’s $3B, enabling selective, large-scale investments.
– Focus on value-add opportunities in supply-constrained, high-demand sectors: urban infill industrial, open-air retail, leisure/hospitality, medical, senior housing, marinas, storage, and digital real estate.
– Investment approach is research-driven, thematic, partnering with experienced operators, and leveraging Bain’s sourcing and platform advantages.
– Strengthened capabilities include dedicated Asset Management, Debt Capital Markets, and Investor Relations teams.
– Notable recent investments: private golf clubs, open-air retail portfolio (FL & SC), industrial portfolio (NJ), Boathouse Marina (FL), medical outpatient facility (DC).
– Ryan Cotton highlights strong LP support, resilient performance through cycles, and long-term secular trend positioning.
