# Bain Capital Real Estate, LP

> Bain Capital Real Estate, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2018, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 9, 2026.

- CRD: 291809
- Filed as: BAIN CAPITAL REAL ESTATE, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: June 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291809
- AdvisorCensus page: https://advisorcensus.com/firm/bain-capital-real-estate-lp-boston-ma-291809

## Quick answers

**How is Bain Capital Real Estate, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Bain Capital Real Estate, LP reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Bain Capital Real Estate, LP located?**
Bain Capital Real Estate, LP's principal office is in Boston, MA, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Bain Capital Real Estate, LP registered with the SEC or a state?**
Bain Capital Real Estate, LP is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 291809.

**How much does Bain Capital Real Estate, LP manage?**
Bain Capital Real Estate, LP reports $9,995,431,000 in regulatory assets under management in its Form ADV filing dated June 9, 2026 (91% discretionary).

**How have Bain Capital Real Estate, LP's assets and staff changed since 2021?**
In the Form ADV data for Bain Capital Real Estate, LP: Regulatory assets under management: $4,983,570,000 in the October 2021 data and $9,995,431,000 in the October 2026 data, up 101%. Total employees: 45 in October 2021 and 125 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bain Capital Real Estate, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (23); other (1).

**Does Bain Capital Real Estate, LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/291809

**What changed in Bain Capital Real Estate, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 60 to 66. Regulatory assets under management went from $9,033,730,000 to $9,995,431,000 (+11%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Regulatory assets under management (Item 5.F)
- Total: $9,995,431,000
- Discretionary: $9,062,110,000
- Non-discretionary: $933,321,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 23 | $9,988,522,000 |
| Other | 1 | $6,909,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2018 (8 years)
- Employees: 125 total, 66 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- New York, NY
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- [baincapital.com](https://baincapital.com)
- [baincapitalrealestate.com](https://baincapitalrealestate.com)
- LinkedIn @bain-capital
- X @BAINCAPITAL
- YouTube @UCHLw83UfiBEm9RoLlZKPaig

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,983,570,000 | 45 | March 31, 2021 |
| October 2022 | $8,152,189,000 | 53 | March 31, 2022 |
| October 2023 | $7,842,606,000 | 71 | March 31, 2023 |
| October 2024 | $9,367,820,000 | 99 | July 31, 2024 |
| October 2025 | $9,033,730,000 | 119 | March 31, 2025 |
| October 2026 | $9,995,431,000 | 125 | June 9, 2026 |

Regulatory assets under management: $4,983,570,000 in the October 2021 data and $9,995,431,000 in the October 2026 data, up 101%.
Total employees: 45 in October 2021 and 125 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 60 to 66.
- Regulatory assets under management went from $9,033,730,000 to $9,995,431,000 (+11%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bain Capital Real Estate, LP (CRD 291809): Form ADV filing data as of October 2026.