Bain Capital’s Acquisition of Harvard Management Company’s Real Estate Platform

Fried Frank acted as counsel to Bain Capital in connection with its acquisition of Harvard Management Company’s 22-person real estate team.

Bain Capital, one of the world’s leading private, multi-asset alternative investment firms, finalized the formation of Bain Capital Real Estate, comprised of the professionals currently managing Harvard Management Company’s (HMC) real estate investments. Effective February 1, 2018, the HMC Real Estate Team, which consists of approximately 20 dedicated professionals, will spin out of HMC and become Bain Capital employees.

Dan Cummings, an industry veteran and currently Managing Director and Head of Real Estate at HMC, will lead the team which he helped found in 2010. The team, which has invested more than $3.4 billion of equity in its direct real estate investment strategy since its inception, will manage HMC’s direct real estate investment portfolio and HMC will continue to invest in the team’s future strategies.

The Fried Frank team included corporate partners Kenneth I. Rosh (Picture) and Gerald H. Brown Jr.; tax partner Christopher Roman; corporate special counsel Matthew W. Howard and Patrick Greeley; corporate associates Jessica Pevzner, Charles B. Tanenbaum, Zachary A. Edelman, Rebecca Kumar, and Luis Murguia; tax associate Evan M. Gusler; and corporate law clerk Sol Lerner.

 

Involved fees earner: Kenneth Rosh – Fried Frank Harris Shriver & Jacobson; Gerald Brown – Fried Frank Harris Shriver & Jacobson; Matthew Howard – Fried Frank Harris Shriver & Jacobson; Patrick Greeley – Fried Frank Harris Shriver & Jacobson; Jessica Pevzner – Fried Frank Harris Shriver & Jacobson; Charles Tanenbaum – Fried Frank Harris Shriver & Jacobson; Zachary Edelman – Fried Frank Harris Shriver & Jacobson; Rebecca Kumar – Fried Frank Harris Shriver & Jacobson; Luis Murguia – Fried Frank Harris Shriver & Jacobson; Christopher Roman – Fried Frank Harris Shriver & Jacobson; Evan Gusler – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Bain Capital;

 

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Author: Ambrogio Visconti