IRR
+10.8%
Multiple
1.38x
DPI
0.35x
Size
$11.8B
Vintage
2019
RETURN GRADE:MEDIOCRE
MARK VS PUBLIC MARKET
How does the GP's self-reported return compare to simply buying the S&P 500 at the same vintage?
Bain Capital Fund XIII
+10.8% IRR
~+105% total return over 7 yrs
S&P 500 (2019 vintage)
+110%
Total return, 2019 to present
VERDICT: GP marks trail the S&P 500 by ~5pp. LPs paid 2/20 for underperformance.
Notes
Mid-market to large buyout. Healthcare and services tilt. Reasonable returns but DPI lagging.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET