# Bain Capital Real Estate

Bain Capital Real Estate is an Asset Manager based in Boston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** baincapitalrealestate.com

## Regulatory record

- **CRD number:** 291809
- **SEC file number:** 801-112317
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/291809

## About

Bain Capital Real Estate, LP is an SEC-registered investment adviser in Boston, MA, registered since 2018. The firm manages $10.0 billion in assets, with $9.1 billion on a discretionary basis. It has 125 employees and 66 investment advisers.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## Offices

- London, United Kingdom
- New York, NY, United States
- San Francisco, CA, United States
- Los Angeles, CA, United States
- Tokyo, Japan
- Hong Kong, China
- Singapore
- Sydney, Australia
- Mumbai, India
- Seoul, South Korea
- Shanghai, China

## People

- Jonathan B. Lavine — Managing Director, Co-Managing Partner
- Adam R. Kirsch — Managing Director, Co-Managing Partner
- John M. Connaughton — Managing Director, Co-Managing Partner

## Questions

### Who leads investment decisions at Bain Capital Real Estate?

Investment decisions are made by a management committee led by co-managing partners Jonathan B. Lavine, Adam R. Kirsch, and John M. Connaughton. Each of the three has spent over 20 years at Bain Capital across private equity, credit, and real estate, and the firm maintains an investment committee that reviews all major transactions (per the firm's public materials).

### How does Bain Capital Real Estate source proprietary deal flow?

The firm sources deals through Bain Capital's global private equity and credit platforms, which generate direct origination in operational turnarounds, corporate carve-outs, and special situations. It also leverages relationships with developers, operators, and other real estate owners for off-market transactions. Approximately 40% of its investments come from proprietary or bilateral channels (per the firm, 2025).

### What investment stages and property types does Bain Capital Real Estate target?

The firm targets value-add and opportunistic investments across all major property types, with particular activity in office, industrial, retail, and hospitality. It does not invest in core or core-plus assets. The credit platform focuses on mezzanine debt and preferred equity, primarily in the United States and Europe.

### Does Bain Capital Real Estate participate in fund commitments from LPs or only direct deals?

Bain Capital Real Estate raises capital from institutional limited partners, including pension funds, sovereign wealth funds, insurance companies, and endowments, through its commingled fund vehicles. It also offers co-investment opportunities alongside its funds to select LPs.

### What sectors does Bain Capital Real Estate explicitly avoid?

Bain Capital Real Estate explicitly avoids core real estate (stabilized assets with low leverage), development-only ventures without an operating partner, and residential land speculation. It also avoids investments in markets with opaque legal or title systems, per its public investment guidelines.

## Related profiles

- [Harvard Avenue Investment Advisory](https://altss.com/profile/harvard-avenue-investment-advisory)
- [THE TABLE FINANCIAL PLANNING LLC](https://altss.com/profile/the-table-financial-planning-llc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/bain-capital-real-estate-lp

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology