Bain Capital Double Impact
Does anyone have any insight on the culture/hours/pay/recruiting of Bain's Double Impact group? I know there was a general impact investing thread a few months back but was hoping for more in depth information to Bain specifically.
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What are your thoughts on Arteta? Do you think Arsenal should move on from him?
Finished club no winning mentality. Arteta's not doing great but given their stingy owners doubt they can get afford a manager who can make them top 4 contenders again
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BCDI is a LMM PE firm that takes a "company specific" approach to measuring impact, as opposed to a "universal impact" measurement such as TPG Rise's IMM (impact multiple of money). This allows them to find impact in many ways, however it can sometimes be pretty flimsy (e.g., they reduced carbon emissions in supply chain of a restaurant business they owned). If you really care about impact, I would recommend you to a more truly impact oriented firm; their definition of impact shouldn't make you sleep well at night with the feeling that you're doing something good in the world (unless you have such faith that any success in the impact investing class will help the world for the better towards the end of expanding the asset class).
They recently had some leadership departures. Warren Valdmanis wrote a book and then peaced out for Two Sigma Impact. I think one of the other BCDI founders left as well but I do not recall - you can easily Google it.
In terms of the day to day, someone who is familiar with LMM investing can help orient you towards what that experience is like. As I have heard from their team, there's less off-the-shelf data available and more rolling up your sleeves (although I am sure with the resources of Bain Capital, it's not nearly the same "true" LMM experience that they make it out to be).
Overall, the punchline is that they use impact as a marketing mechanism in order to raise their fund. On the scale from philanthropic to market oriented, they're about as market oriented as you can get.
what are some more impact oriented firms in your opinion?
@handlebars
Thanks for the info. Based on your knowledge, is BCDI (and impact as a whole) willing to accept lower returns than traditional (purely returns/profit-driven) PE?
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