has specialized businesses focused on impact investing, life sciences and real estate. Bain Capital Private Equity Bain Capital Private Equity has invested across several industries, geographies, and business life cycles. Bain Capital Private Equity also operates in Europe, Australia, and Asia. Historically, Bain Capital has primarily relied on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and other institutional investors. Bain Capital's own investment professionals are the largest single investor in each of its funds. Bain Capital Ventures Bain Capital Ventures is the venture capital arm of Bain Capital, focused on seed through late-stage growth equity, investing in business services, consumer, healthcare, internet & mobile, and software companies. Bain Capital Ventures has funded the launch and growth of several companies, including Docusign, Jet.com, Lime, LinkedIn, Rent the Runway, SendGrid, and SurveyMonkey. Bain Capital Public Equity Originally founded as Brookside Capital, Bain Capital Public Equity is the public equity affiliate of Bain Capital. Established in October 1996, Bain Capital Public Equity's primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation. Bain Capital Public Equity employs a long/short equity strategy to reduce market risk in the portfolio. Bain Capital Credit Originally founded as Sankaty Advisors, Bain Capital Credit is the fixed income affiliate of Bain Capital, a manager of high yield debt securities. With approximately $49 billion of assets under management, Bain Capital Credit invests in a wide variety of securities, including leveraged loans, high-yield bonds, distressed securities, mezzanine debt, convertible bonds, structured products, and equity investments. In 2017, Bain Capital Credit closed its first credit fund in Asia, focusing on distressed debt in the region. Bain Capital Credit has also pursued distressed debt strategies in Europe. In November 2018, Bain Capital Credit took Specialty Finance, a business development company, public through an IPO. Bain Capital Double Impact Bain Capital Double Impact focuses on impact investing with companies that provide financial returns as well as social and environmental impact. In 2015, Bain Capital hired Deval Patrick, former Massachusetts Governor, to lead the new business division. Bain Capital Double Impact closed its initial fund of $390 million in July 2017. In March 2019, it was reported that Bain Capital Double Impact had acquired a majority stake in IT outsourcing firm Rural Sourcing. In June 2019, the company sold Impact