Bain Capital Public Equity

Bain Capital Public Equity

Bain Capital Public Equity was founded in 2016 by Jonathan Pearl and Andrew B. Heller, both veteran Bain Capital professionals. The firm emerged from Bain Capital's broader asset management expansion, leveraging the firm's decades-long private equity research capabilities and access to company management teams. The strategy focuses on long-only, concentrated public equity investing across technology, healthcare, financials, and consumer sectors. The team selects fewer than 30 positions at any time, holding each for a multiyear horizon. Known public investments have included Shopify, Automatic Data Processing, and Charles Schwab. The firm targets both US and international equities, with a bias toward North America and Western Europe. AUM reached approximately $10.5 billion as of 2024, per the firm. The team is based in Boston, Massachusetts, and operates as a distinct unit within the Bain Capital ecosystem. Bain Capital also maintains separate vehicles for venture capital, credit, real estate, and special situations. Bain Capital Public Equity occupies an unusual position: a long-only equity manager housed inside a $180B alternative asset manager. The team claims direct access to Bain Capital's private equity deal flow and operational partners, a sourcing advantage unavailable to standalone public equity firms. Succession and governance remain tied to Bain Capital's broader partnership structure, with no independent spinout anticipated.