Connaughton: Bain Capital targets 15-20 investments per fund seeking 3x-5x returns
John Connaughton · Training Grounds: Bain Capital, John Connaughton (EP.395) · Jul 8, 2024 · at 37:19
John Connaughton, Co-Managing Partner of Bain Capital, discusses fund portfolio construction and return targets across Bain Capital's private equity strategy.
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“We're trying to find asymmetric upside, 15 to 20 shots on goal where we can not just generate a good return. And it may not be 25 times like it was in the beginning, it may not be 10 times like it was 20 years ago, but it can be three To five, and sometimes 10, by the way, but that idea of slugging percentage, of not just being a firm that accepts a modest to good return, but actually a good to exceptional return, and then trying to do that as high as number of times you can in a fund, that's the DNA.”
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