Instructions to find the assets under management and number of entities for each firm are:

1. At this link click FIRM

2. Enter Firm's name, click START SEARCH

3. At this link you will find the name of the entity with "Investment Adviser Firm" in blue. Click on "Investment Adviser Firm"

4. You will land on this link. Click on the SEC link.

5. You will land on FORM ADV for the entity you searched for. The form is long and involved, HOWEVER THE ASSETS INFORMATION is ALWAYS ON PAGE 5. So go to the bottom of the first 4 pages and click NEXT.

Scroll down to Item 5 Information About Your Advisory Business - Regulatory Assets Under Management. Here you will find the $$ under management and number of accounts.

Before investigating the Tip of the Bain Iceberg, I have to bring this to your attention. There seem to be around 80 Bain Capital Entities, and this doesn't include the entities listed within the entities. For instance, within the Bain entity is the Sankaty entity (see list below for Sandaty).

In short, it would be a cake walk to conceal anything shady.

As my brilliant, well-educated, Lt Colonel dad used to say: "Confusion hides sin"



What is stunning about Bain is this long list of entitites it has. From the SEC



0001429908 Bain Capital (CC) IX Coinvestment Offshore, L.P. MA

0001429910 Bain Capital (CC) IX Coinvestment, L.P. MA

0001429909 Bain Capital (CC) IX Offshore, L.P. MA

0001429911 Bain Capital (CC) IX, L.P. MA

0001440944 Bain Capital (CC) X Offshore, L.P. MA

0001440945 Bain Capital (CC) X, L.P. MA

0001231570 BAIN CAPITAL (EUROPE) L.P.

formerly: BAIN CAPITAL EUROPE LLC (filings through 2006-02-03)

A1

0001555450 Bain Capital (OSI) IX Coinvestment, L.P. MA

0001555452 Bain Capital (OSI) IX, L.P. MA

0001549968 Bain Capital (SQ) VIII, L.P. MA

0001515975 Bain Capital (WC) Luxembourg Sarl MA

0001515974 Bain Capital (WC) Netherlands B.V MA

0001520732 Bain Capital Asia Fund II, L.P. MA

0001429954 Bain Capital CC Investors, L.P. MA

0001429955 Bain Capital CC Partners, LLC MA

0001430668 BAIN CAPITAL EUROPE FUND III LP MA

0001253165 BAIN CAPITAL FUND IV LP MA

0000906753 BAIN CAPITAL FUND IV-B L P MA

0001361064 BAIN CAPITAL FUND IX L P MA

0001065042 BAIN CAPITAL FUND VI LP MA

0001218984 BAIN CAPITAL FUND VII LLC MA

0001120199 BAIN CAPITAL FUND VII LP MA

0001161367 BAIN CAPITAL FUND VII-E LP MA

0001295639 Bain Capital Fund VIII LP MA

0001309468 BAIN CAPITAL FUND VIII, L.P. MA

0001379474 Bain Capital Fund VIII, LLC MA

0001309465 BAIN CAPITAL FUND VIII-E, L.P. MA

0001417662 Bain Capital Fund X LP MA

0001432604 Bain Capital Hercules Investors, LLC MA

0001432605 Bain Capital Integral Investors 2006, LLC MA

0001389409 Bain Capital Integral Investors II, L.P. MA

0001326754 Bain Capital Integral Investors, LLC MA

0001040508 BAIN CAPITAL INVESTORS LLC MA

0001361640 BAIN CAPITAL IX COINVESTMENT FUND L P MA

0001512899 Bain Capital Lion Holdings, L.P. MA

0001429912 Bain Capital Partners (CC) IX, L.P. MA

0001440946 BAIN CAPITAL PARTNERS (CC) X, L.P. MA

0001549991 Bain Capital Partners (SQ) VIII, L.P.

0001440946 BAIN CAPITAL PARTNERS (CC) X, L.P. MA

0001549991 Bain Capital Partners (SQ) VIII, L.P. MA

0001253166 BAIN CAPITAL PARTNERS IV LP

formerly: BAIN CAPITAL PARTNERS LP (filings through 2003-07-11)

MA

0001486793 Bain Capital Partners IX, L.P. MA

0001297890 Bain Capital Partners V, L.P. MA

0001260860 BAIN CAPITAL PARTNERS VI LP MA

0001270452 BAIN CAPITAL PARTNERS VII LP MA

0001309466 BAIN CAPITAL PARTNERS VIII, L.P. MA

0001309462 BAIN CAPITAL PARTNERS VIII-E, L.P. MA

0001492908 Bain Capital Partners, LLC MA

0001135638 BAIN CAPITAL VENTURE FUND 2001, LP MA

0001302453 Bain Capital Venture Fund 2004 L P MA

0001309471 BAIN CAPITAL VENTURE FUND 2005, L.P. MA

0001385402 Bain Capital Venture Fund 2007 LP MA

0001408677 Bain Capital Venture Fund 2007, L.P. MA

0001457345 BAIN CAPITAL VENTURE FUND 2009 LP MA

0001512988 Bain Capital Venture Fund 2009, L.P. MA

0001540349 Bain Capital Venture Fund 2012, L.P. MA

0001427319 Bain Capital Venture Integral Investors, LLC MA

0001309469 BAIN CAPITAL VENTURE INVESTORS, LLC MA

0001309470 BAIN CAPITAL VENTURE PARTNERS 2005, L.P. MA

0001408678 Bain Capital Venture Partners 2007, L.P. MA

0001309472 BAIN CAPITAL VENTURE PARTNERS, L.P. MA

0001456684 Bain Capital Venture Partners, LLC MA

0001296572 Bain Capital VI Coinvestment Fund, L.P. MA

0001269970 BAIN CAPITAL VII COINVESTMENT FUND LLC

0001128995 BAIN CAPITAL VII COINVESTMENT FUND LP MA

0001296358 Bain Capital VIII Coinvestment Fund L P MA

0001309467 BAIN CAPITAL VIII COINVESTMENT FUND, L.P. MA

0001419039 Bain Capital X Coinvestment Fund LP MA

0001455511 BAIN CAPITAL X PA FUND LP CO

0001300251 Bain Capital, LLC

I certainly don't have time to look up each of these today. However, I did look up Bain Capital Venture Partners, LLC

At a glance, it looks like not too big of a deal:

$ 1,510,000,000 regulatory assets under management with 4 accounts

HOWEVER, if you look down the list if items in this one SEC BAIN record, you will find Part 2 Brochure.

So, when doing your research for an entity always check out the brochure for details regarding the Accounts. In this particular, Page 5 of the IAPD stated four (4).

I found these four accounts listed in this Bain account:



I believe this adds up to over $60,000,000,000 (Billion).

Let's pick five (5) entities from the nearly 80 entites listed above.



I like the sound of this one Bain Capital Lion Holdings, L.P. No IAPD found Let's try Bain Capital (CC) IX Coinvestment Offshore, L.P. - No IAPD found BAIN CAPITAL FUND IX L P - No IAPD found

Well, that's disappointing. How does the SEC and/or FINRA know what's up and, if they do, why aren't these entities required to submit an IAPD. Hmmm.....

BACK TO SANKATY because this is the name of Mitt Romney's Blind Trust manager.

SANKATY ADVISORS, LLC lists 38 accounts with $15,530,000,000 Discretionary regulatory assets under management.

I dropped into the Brochure to see if I could find any specific information, because I did find specific information for Bain Capital Venture Partners, LLC as shown above.

The accounts information is on Page 34, however there are not specific details, although one might assume that the list for Sankaty on the SEC are the accounts.

Here they are. Only a wizard or a dedicated team of perhaps 1,000 quants could figure out this stuff, quite frankly:



0001317947 Sankaty Advisors, LLC MA

0001485337 Sankaty Credit Member (Offshore), Ltd. MA

0001309111 SANKATY CREDIT MEMBER, LLC MA

0001440653 SANKATY CREDIT OPPORTUNITIES (OFFSHORE MASTER) IV LP MA

0001440652 SANKATY CREDIT OPPORTUNITIES (OFFSHORE) IV LP MA

0001323767 SANKATY CREDIT OPPORTUNITIES II LP MA

0001392210 SANKATY CREDIT OPPORTUNITIES III LP MA

0001485969 Sankaty Credit Opportunities Investors (Offshore) IV, L.P. MA

0001485340 Sankaty Credit Opportunities Investors II, LLC MA

0001485339 Sankaty Credit Opportunities Investors III, LLC MA

0001485338 Sankaty Credit Opportunities Investors IV, LLC MA

0001309110 Sankaty Credit Opportunities Investors, LLC MA

0001440605 SANKATY CREDIT OPPORTUNITIES IV LP MA

0001198878 SANKATY CREDIT OPPORTUNITIES LP MA

0001392208 SANKATY CREDIT OPPORTUNITIES OFFSHORE III LP E9

0001392209 SANKATY CREDIT OPPORTUNITIES OFFSHORE PLAN ASSETS III LP E9

0001198882 SANKATY CREDIT OPPORTUNITIES OFFSHORES I LP E9

0001551279 Sankaty Credit Opportunities V-A, L.P. MA

0001551282 Sankaty Credit Opportunities V-A2, L.P. MA

0001551280 Sankaty Credit Opportunities V-B, L.P. MA

0001551281 Sankaty Credit Opportunities V-E, L.P. MA

0001551284 Sankaty Credit Opportunities V-E2, L.P. MA

0001323832 Sankaty Credit Opportunties Offshore Plan Assets II L P MA

0001470564 Sankaty DIP Opportunities (Offshore), L.P. MA

0001470566 Sankaty DIP Opportunities, L.P. MA

0001517258 Sankaty High Income Partnership, L.P. MA

0001456525 Sankaty High Yield Asset Grantor Trust MA

0001309116 Sankaty High Yield Asset Investors III, LLC MA

0001262053 SANKATY HIGH YIELD ASSET INVESTORS LLC MA

0001070288 SANKATY HIGH YIELD ASSET PARTNERS LP MA

0001280513 SANKATY HIGH YIELD PARTNERS II L P MA

0001103554 SANKATY HIGH YIELD PARTNERS II LP MA

0001280514 SANKATY HIGH YIELD PARTNERS III L P MA

0001309238 SANKATY INVESTORS III, LLC MA

0001262052 SANKATY INVESTORS LLC MA

0001481300 Sankaty Middle Market Opportunities Fund (Offshore), L.P. MA

0001481299 Sankaty Middle Market Opportunities Fund, L.P. MA

0001456955 SANKATY SENIOR LOAN FUND LP MA

Will any of these show up in an IAPD search.

TWO include the word OFFSHORE. No IAPD information found.

* OK, this is operated by the SEC and FINRA. Who is FINRA?

May I introduce Gregory M. Benson



Mr. Benson was an Executive Vice President and a senior member of the London-based Bain Capital team responsible for starting up Bain's European private equity business with Mr. Gay. Mr. Benson joined Bain Capital in 1996 and has worked with Mr. Gay on a number of Bain's portfolio companies in various capacities. Mr. Benson began his business career with General Electric where he served for sixteen years in senior management positions with a wide variety of responsibilities, including those involving business startups and finance.

While at General Electric, Mr. Benson was a registered representative and supervisory principal with the National Association of Securities Dealers (now FINRA). Also, while at Bain Capital, Mr. Benson was a financial and supervisory principal with the Financial Services Authority in the United Kingdom.

I'll end with this from The National Association of Personal Financial Advisors (NAFPD)



Should The Foxes Rule The Henhouse?



Eight ways FINRA oversight of independent financial advisors will hurt advisors and those they serve



1. FINRA’s exorbitant operating expenses and bloated salaries make them more Wall Street than Main Street. 2. FINRA’s mandatory membership fees will put many independent financial advisors who offer advice to middle-class savers out of business. 3. The burden of making small business owners pay mandatory fees to fund FINRA salaries is unconscionable. 4. FINRA is not subject to Sunshine Laws and doesn’t have to hold open meetings. 5. FINRA is not subject to the Freedom of Information Act and is notoriously secret about their books and records. 6. FINRA is an organization run by Wall Street’s executives who, with a “wink and a nod,” purport to oversee their Wall Street colleagues. This is like ENRON overseeing CPAs, or drug companies overseeing your family physician. 7. FINRA has no experience working with financial advisors held to the high fiduciary standard. 8. FINRA acts like a government authority, but without government accountability.

Click here to view the current members of the FINRA BOARD OF DIRECTORS

Click here to view the current members of The Financial Services Authority (FSA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000.

The FSA BOARD OF DIRECTORS

****WAIT JUST A MINUTE HERE*****

Both FINRA and FSA were started in 2000 and 2001! At the launch of the WORLD WIDE HOUSING BOOM that CROAKED THE WORLD'S ECONOMY. Good grief! Another story, for another day.

WHO WERE the original board members for these two groups?

SMOKE SCREEN ROMNEY. Where are the laws and protections? Where is the transparency needed to help uncover what is really going on behind these long lists of "Entities"

COMMENT FROM Grannyflats - IT WOULD BE NICE TO FIND LINKS TO BACK UP THE ITEMS ON THIS LIST:



