We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. The 2023 Notes were prepaid at 100% of their principal amount, plus accrued and unpaid interest thereon, on September 6, 2022. The weighted average yield is computed as (a) the annual stated interest rate or yield earned on the relevant accruing debt and other income producing securities plus amortization of fees and discounts on the performing debt and other income producing investments, divided by (b) the total relevant investments at amortized cost. For its second fund, Double Impact will continue to focus on the same three themes, but the additional funding it was able to raise means it can afford to spend more. Through a blend of adaptive computer-delivered and teacher-led ABA instruction, TeachTowns research-based and scientifically proven solutions engage and motivate while building student independence. Since our founding in 1984, weve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. Statements other than statements of historical facts included in this letter may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. SpringWorks Therapeutics For more information, visit www.baincapitaldoubleimpact.com. About Starr Investment Holdings, LLC All participants are asked to dial in 10-15 minutes prior to the call. Et ratione dolores molestias aperiam eos. PE Interview - If you could see only one financial statement (IS / BS / CFS) 101 Investment Banking Interview Questions, Private Equity Managing Director Pay Guide, Certified Private Equity Professional - 2nd Year Analyst, Certified Investment Banking Professional - 2nd Year Analyst, Certified Venture Capital Professional - Vice President, CDO Square Collateralized Debt Obligation, Private Equity Interview 1-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Nov 12th - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Dec 10th - Only 15 Seats. Inventore sint minima quis. Financial terms of the private transaction were not disclosed. Tonys Cellular > Uncategorized > bain capital real estate life science fund. They want it clear how their capital is being put to work to make society better off, Shell says. As of September 30, 2022, the Company had cash and cash equivalents (including foreign cash) of $44.2 million, $217.0 million of capacity under its Sumitomo Credit Facility and $50.0 million of capacity under the Revolving Advisor Loan. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. that offers low-cost gyms in underserved communities. The Company retained 30% of the 2018-1 membership interests as a non-controlling equity interest. Bain Capital Double Impact partners with companies across three themes health & wellness, education & workforce development, and sustainability to create long-term value and meaningful social impact at scale. Veniam voluptatem iusto iste aperiam alias. About Bain Capital Double Impact 2012-2022 Bain Capital, LP. SLP acquired 70% of the member equity interests of the Companys 2018-1 portfolio (2018-1). Ropes & Gray LLP is serving as legal counsel to Bain Capital Double Impact. Bain Capital has deep experience investing across the health services sector, adding value to companies providing care to underserved populations including Arosa, Aveanna, Beacon Health Options, Broadstep, HealthDrive, Multi-Specialty Healthcare, HCA, Rodeo Dental, and Surgery Partners. BCDI is a LMM PE firm that takes a "company specific" approach to measuring impact, as opposed to a "universal impact" measurement such as TPG Rise's IMM (impact multiple of money). Our private equity activity primarily includes leveraged buyouts and growth capital invested across a wide variety of sectors. Deutsche Bank Securities Inc. is serving as exclusive financial advisor, and Kirkland & Ellis LLP is serving as legal counsel to ConvenientMD. The firm uses an impact assessment tool developed by B Lab, a U.S. nonprofit, as a framework for assessing a full range of impacts, from corporate governance measures (are women and people of color on the board), to environmental effects, to how employees are treated. As I have heard from their team, there's less off-the-shelf data available and more rolling up your sleeves (although I am sure with the resources of Bain Capital, it's not nearly the same "true" LMM experience that they make it out to be). Double Impact invests in lower middle-market companies in North America that are mission-oriented in one of three areas: sustainability, health care, and education and workforce development. All Rights Reserved.Privacy PolicyTerms of UseRegulatory DisclosuresWeb Fraud and Phishing Warning, Meet the Bain Capital Investor Relations team, Non-controlled/non-affiliate investments (amortized cost of $1,811,644 and $1,921,970, respectively), Non-controlled/affiliate investment (amortized cost of $124,612 and $100,888, respectively), Controlled affiliate investment (amortized cost of $419,887 and $288,526, respectively), Foreign cash (cost of $17,388 and $30,877, respectively), Collateral on forward currency exchange contracts, Receivable for sales and paydowns of investments, Unrealized appreciation on forward currency exchange contracts, Debt (net of unamortized debt issuance costs of $10,861 and $15,718, respectively), Common stock, par value $0.001 per share, 100,000,000,000 and 100,000,000,000 shares authorized, 64,562,265 and 64,562,265 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. The Companys current management team will continue to run the business and will remain significant owners of TeachTown. We are excited to support ConvenientMD in their strategy to add more urgent care centers and expand their geographic reach and service offerings, including primary and value-based care, to make high quality healthcare more accessible and affordable to all.. Join Facebook to connect with Bain London and others you may know. Aug 2012 - Present10 years 4 months. (3) The investment portfolio on a fair value basis was comprised of 96.2% first lien senior secured loans and 3.8% second lien senior secured loans. Our ability is to invest in companies who address that in some way, he says. For the three months ended September 30, 2022, the weighted average interest rate on debt outstanding was 3.7%, as compared to 3.2% for the three months ended June 30, 2022. The Company undertakes no duty to update any forward-looking statement made herein. As of September 30, 2022, ISLPs investment portfolio had an aggregate fair value of $623.0 million, comprised of investments in 34 portfolio companies operating across 15 different industries. One reason is that the private market for impact funds has expanded to include a range of players, including several traditional private-equity fund providers such as Bain Capital, KKR, and TPG. Does anyone have any insight on the culture/hours/pay/recruiting of Bain's Double Impact group? COVID-19 vaccines and boosters (in NH and MA only) and Flu shots available, check your nearest clinic location for availability. Bain Capital, LP is one of the worlds leading private investment firms with approximately $160 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. The financial implications of being non-essential means demand is down in some cases 90% year over year, every single week, Shell says. BlueMark's diagnostic and verification services are structured around two key pillars of accountability for impact performance - impact management (IM) practice and impact reporting. Over the past 31 years, The Private Equity Group has made over 280 investments and has 15 active global buyout funds. BCSFs investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Through a robust automatic assessment and data system, student data is captured to measure progress and reports and graphs are created, disseminated and inform customized instruction. I know there was a general impact investing thread a few months back but was hoping for more in depth information to Bain specifically. The Company has developed strong relationships with local employers and health plans and is well-established as a quality healthcare provider in the communities where they operate. School districts increasingly recognize the importance of using purpose-built solutions in special education classrooms, and TeachTowns programs provide those solutions to help students reach their full learning potential. (646) 502-3549 The investment portfolio on a fair value basis was comprised of 96.0% first lien senior secured loans, 2.9% second lien senior secured loans and 1.1% equity interest. The increase was primarily driven by an increase in interest and debt financing expenses, partially offset by a decrease in incentive fees. The Company will continue to operate under its current management team, led by co-founder Gareth Dickens and President Dr. Mark Pundt. The first fund invested in 14 companies, exiting two of them, including No endorsement of Bain Capital is intended by the use of such trademarks. If you have any questions regarding your account, please contact ir@baincapital.com. Each clinic is staffed by a team of physicians, advanced practice providers, registered nurses, radiologic technologists, and other medical professionals, and features state-of-the-art technologies and capabilities, including digital X-ray, EKG and other tests, medical procedure rooms, electronic consultations with specialist providers, post-visit care navigation, and IV fluid/antibiotic treatments. So far, the fund has invested in Multi-Specialty HealthCare, which provides outpatient post-traumatic injury care and physical rehabilitation in the Baltimore-Washington area, and TeachTown, based in Woburn, Mass., which provides educational software for students with special needs. In measuring impact, Double Impact looks at a number of operational indicators that describe a businesss impact goals and ensure its approach to achieving them is central to how it operates. Based on your knowledge, isBCDI (and impact as a whole) willing to accept lower returns than traditional (purely returns/profit-driven) PE? (in thousands, except share and per share data) During the quarter, the Company repaid in full $150.0 million in aggregate principal amount committed, including the principal amount outstanding of $112.5 million, of senior unsecured notes due in June 2023 (the 2023 Notes). exponential extrapolation bain capital real estate life science fund. What are your thoughts on Arteta? 2005-2022 Wall Street Oasis. The trademarks and logos above are used for reference purposes only, and are the property of their respective owners.
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