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How did I find over $60 Billion under asset management by Bain Capital?  Below are the instructions you, too, can follow to search the SEC and find out the same information.

Wikipedia lists $56.4 Billion.

REMEMBER, until 2001, Romney was the "sole shareholder, sole director, chief executive officer and president of Bain Capital.

It would be astonishing to believe that Mitt would settle for less than $1,000,000,000 for his life's work.  I could be wrong, but it's really hard to believe Mitt is only worth only $250,000,000!

Private Equity firms have to file lengthy questionnaire's in order to function in the USA.  This is called Investment Adviser Registration Depository (IARD).    

1.  Beginning in January 2001, investment advisers register and submit filings to the SEC through a new electronic filing system, the Investment Adviser Registration Depository (IARD).

2. The IARD was built and is operated by the Financial Industry Regulatory Authority (FINRA)*.

The records are now open to the public.  You can search for a specific entity here:

Investment Adviser Search

Further instructions and a disclosure of the Tip of the Bain Capital Iceberg below:

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:

- Bain Capital Partners, LLC, which focuses on leveraged buyouts and growth capital in a wide variety of industries, $ 32,457,000,000 assets under management, 14 accounts.

- Brookside Capital, LLC, the public equity affiliate of Bain Capital, whose primary objective is investing in securities of publicly traded companies that offer opportunities to realize substantial long-term capital appreciation.  $11,188,000,000 assets under management, 4 accounts.

- Sankaty Advisors, LLC, which uses fundamental credit analysis to identify attractive investment opportunities and seeks superior risk adjusted returns, primarily in credit products and fixed-income investments.  Sankaty Advisors, LLC has $15,530,000,000 in assets under management and 38 accounts.

- Absolute Return Capital, LLC, which manages assets in fixed income, equity and commodity markets to produce attractive risk-adjusted returns while maintaining low correlation to traditional investments.  $ 3,042,000,000 assets, 3 accounts

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 rarely use this acronym but WTF!

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:

Any billionaire knows Its not what you own.  It's what you control.

That is even the topic of many many get rich books.

Romney controls a monopoly of conservative media in the US

He controls a monopoly of outdoor signage - think "voter fraud is a crime" billboard.

He controls Hannity, Limbaugh, Fox News, the Teaparty website advertiser.

He controls Data tracking companies, a big one home offices in Nigeria.

He controls the major Medicare service providers

He controls the major pharmaceutical channels

He controls one of the biggest hospital.healthcare networks.

He controls the business partnered with Carlyle, Goldman Sachs, and so many others not yet researched.

Oils, bit pharma, big Agra, big med, the media, investment banking, offshore accounts, offshore labor.

He also controls children's products, educational services, health testing services, nursing homes and a raft of other companies.

Yes it is all in the SEC and on Bain's website, in the news archives and cobwebbed web pages.  

Forget about seeing Romneys name out front though. It's rare any more. He scrubbed that before he started running for office. But he controls it.  That's what counts.

And unless we can stop this election we are the newest century peasant class, kowtowing to the king.

Originally posted to War on Error on Thu Oct 18, 2012 at 11:59 AM PDT.

Also republished by The Bain Files.

Poll

I, too, will eat my had if Romney isn't worth AT LEAST $1Billion

60%82 votes
4%6 votes
34%47 votes

| 135 votes | Vote | Results

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Comment Preferences

  •  you are missing a very key point (12+ / 0-)

    which is that in the world of Mitt Romney each of these entities qualifies as a small business

    therefore Mitt Romney is an expert on small businesses

    "We didn't set out to save the world; we set out to wonder how other people are doing and to reflect on how our actions affect other people's hearts." - Pema Chodron

    by teacherken on Thu Oct 18, 2012 at 12:04:28 PM PDT

  •  Rec'd. Tipped. Hotlisted. (5+ / 0-)

    coated with chocolate syrup from my chocolatier.
    virtual bear hug for excellent work.
    tears can be good.
    sunshine, too.

    thank you a trillion times.

    * Join: OBAMA'S TRUTH TEAM * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

    by greenbird on Thu Oct 18, 2012 at 12:05:40 PM PDT

  •  This is Totally Outside My Experience But Just (3+ / 0-)

    knowing he was at the top in vulture capital so long, it's very hard to imagine him only worth a quarter gig.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Thu Oct 18, 2012 at 12:12:14 PM PDT

  •  I'll Eat THIS Hat (1+ / 0-)
    Recommended by:
    War on Error

    Image Hosted by ImageShack.us

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Thu Oct 18, 2012 at 12:13:23 PM PDT

  •  I submit that this is not a CT diary. (13+ / 0-)

    I think it's unimaginable that a guy that built Bain, a company with total assets of $66B, got a measly $250M out of that whole pie.  

    That would be just outrageous.  The company's been in business for a cool 26 years.  Hell, the CEO of Citigroup, who quit this week, made $260M in just five years for it.

    Mitt Romney's trying to play us.

    Follow me on Twitter. You'll have a lot of fun: @THTBAW.

    by therehastobeaway on Thu Oct 18, 2012 at 12:16:33 PM PDT

  •  He's definitely much higer than $250M (3+ / 0-)
    Recommended by:
    War on Error, Roger Fox, greenbird

    Because he self-funded $44M in 2008, seems to me that the going self-funder rate for folks is usually around 10% of their net worth.  

    "The Democratic Party is not our friend: it is the only party we can negotiate with." Rebecca Solnit The Rain on Our Parade.

    by Jacoby Jonze on Thu Oct 18, 2012 at 12:20:33 PM PDT

  •  Those are others' assets that they manage (5+ / 0-)

    on their behalf.  It's not owned by Bain Inc.  It's owned by various Bain partnerships that are mostly owned by outside investors.

  •  When you start taking companies public, the money (0+ / 0-)

    gets  really big.  Bain has done that several times.

    I ran across an article that  speculated that the real number is more like $370 million.  Personally I think it is at least  $500 million.

  •  WTF (2+ / 0-)
    Recommended by:
    War on Error, Roger Fox

    I use that all the time. I mean WTF - who gave everyone the $250 million number? Mitt? Bwahahaha.

    I'm pretty tired of being told what I care about.

    by hulibow on Thu Oct 18, 2012 at 12:30:09 PM PDT

  •  Worse than a billionaire, he's a greedy pig (1+ / 0-)
    Recommended by:
    War on Error

    obsessed with the things he hasn't (yet) been able to buy -- His family picture on the White House Christmas card, the seat at the head of the table for state dinners, Air Force One for his vacations.

    Eliminate tax breaks that stimulate the offshoring of jobs.

    by RJDixon74135 on Thu Oct 18, 2012 at 12:30:33 PM PDT

  •  They certainly go to great lengths to hide (1+ / 0-)
    Recommended by:
    War on Error

    what they are doing.

    "Til you're so fucking crazy you can't follow their rules" John Lennon - Working Class Hero

    by Horace Boothroyd III on Thu Oct 18, 2012 at 12:32:10 PM PDT

  •  i win !! i win !! he commands my life !! (2+ / 0-)
    Recommended by:
    Roger Fox, War on Error
    Laurence Gerber
    President and Chief Executive Officer

    Mr. Gerber has served as President and CEO of (X - for anonymity) since the Company’s founding in 1997.

    From 1991 to 1997, Mr. Gerber was President and CEO of The Berkshire Group, a privately-held firm with subsidiaries in long-term care, multifamily real estate and mortgage banking industries with over $10 billion in assets under management.

    From 1984 to 1990, he served in various senior executive capacities with the Berkshire Group, with responsibility for real estate acquisitions, mortgage banking, fundraising and strategic planning. Under Mr. Gerber’s direction, Harborside Healthcare (NYSE:HBR), the long-term care subsidiary of Berkshire, successfully completed an IPO and grew to more than 5,000 long-term care beds. While at Berkshire, Mr. Gerber also served as President, Chief Executive Officer and Director of Berkshire Realty Company (NYSE:BRI) and Chairman of Berkshire Mortgage Finance Company.

    Prior to joining Berkshire, Mr. Gerber was a management consultant with Bain & Company and a senior tax accountant with Arthur Anderson & Company.

    He received his BS in Economics from the University of Pennsylvania and his MBA from Harvard Business School where he was a Baker Scholar.

    even though my ACH transfer info says the deposit is from "ESL Management," i get no google hits for it as it relates to "my" ESL Management -- we must be buried somewhere in the stripes of Bain, though. somehow.

    > sigh < not long ago, it was some scramble of letters, though, like "JACS OPS III" but right now, i'm not in the mood to go looking further... i have a GREAT diary to read. SO DO YOU, GUYS.

    * Join: OBAMA'S TRUTH TEAM * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

    by greenbird on Thu Oct 18, 2012 at 12:37:36 PM PDT

  •  Assets under management (2+ / 0-)
    Recommended by:
    semiot, Simian

    Bain does not own the assets in its partnerships, it manages them for a fee for its investors. Typical terms are "2 and 20" -- ie 2% of assets per year plus 20% of the profits.

    Many of the assets under management would be hard to value since they are of non-publicly traded companies.

    So the gross income of Bain Capital currently might be $1 billion per year  - out of which it pays all of its expenses and partners.

    It was much less eleven years ago.

    Stockman gave a good rundown of Bain here. Bain made about $1 billion in investments under Romney, cashed out for $2.5 billion. Invested in 77 deals; all but 10 of them were mediocre; those ten were home runs for Bain, but 4 of those went bankrupt after Bain cashed out. Under the 2 and 20 rule that is income of $20 million per year plus 20% of 1.5 billion = $500 million gross income pretax over 10 years approximately.

    Key quote:

    Yet it is this handful of home runs that both make the Romney investment legend and also seal the indictment: they show that Bain Capital was a vehicle for leveraged speculation that was gifted immeasurably by the Greenspan bubble. It was a fortunate place where leverage got lucky, not a higher form of capitalist endeavor or training school for presidential aspirants.
  •  Top flight stuff (2+ / 0-)
    Recommended by:
    War on Error, greenbird

    Though I've come to expect well researched articles from you, WOE.

    This article is mind numbing, stunning and timely.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu Oct 18, 2012 at 12:45:34 PM PDT

    •  Thank you, Roger. Hope it's helpful (1+ / 0-)
      Recommended by:
      greenbird

      It's difficult to be happy knowing so many suffer. We must unite.

      by War on Error on Thu Oct 18, 2012 at 12:49:19 PM PDT

      [ Parent ]

      •  More stuff (1+ / 0-)
        Recommended by:
        greenbird

        http://www.formds.com/...

        Directors and Executives (Current and Past)
        Name     Role     Address
        Timothy M. Barns     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Kyle Betty     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Michael J. Bevacqua     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Andrew R. Carlino     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Robert N. Cunjak     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Stuart E. Davies     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Jonathan Desimone     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Jonathan Disimone     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Sean Doherty     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Michael Alexander Ewald     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Diane Exter     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Sally Fassler     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Michael Goss     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Kimberly Harris     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Jeffrey B. Hawkins     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        James F. Kellogg Iii     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Jonathan S. Lavine     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Susan D. Lynch     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        David Mccarthy     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Kristin W. Mugford     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Kristen Mugford     Executive    
        C/O Sankaty Advisors, Llc 111 Huntington Avenue
        Boston, MA, 02199
        Nicolas Nomicos     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Jeffrey Robinson     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Robert Weiss     Executive    
        C/O Sankaty Advisors, Llc John Hancock Tower, 200 Clarendon Street
        Boston, MA, 02116
        Post-it

        FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

        by Roger Fox on Thu Oct 18, 2012 at 01:13:03 PM PDT

        [ Parent ]

  •  I have no problem with Romney's success (1+ / 0-)
    Recommended by:
    War on Error

    if he did good in business, good on him.

    I do have a problem with him thinking that's got anything to do with being a good President, though, or thinking that half of America are bums because they didn't spend their life consolidating companies and flipping them.

    Rick Perry - the greatest scientist since Galileo!

    by Bobs Telecaster on Thu Oct 18, 2012 at 01:04:49 PM PDT

  •  Genral counsil to Brookside Bain & Sankaty (0+ / 0-)

    RANESH RAMANATHAN

    Sankaty securities issued from early this yr

    http://www.sec.gov/...

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu Oct 18, 2012 at 01:42:13 PM PDT

  •  I hate it (0+ / 0-)

    when diaries like these don't make it to the Rec list.

    Follow me on Twitter. You'll have a lot of fun: @THTBAW.

    by therehastobeaway on Thu Oct 18, 2012 at 01:48:07 PM PDT

  •  congrats on a great find and good work (1+ / 0-)
    Recommended by:
    War on Error

    It seems logical that a guy who has 100mil in his IRA and another 100mil or so in his kids trust funds would be worth more that $250mil himself.

    America could have chosen to be the worlds doctor, or grocer. We choose instead to be her policeman. pity

    by cacamp on Thu Oct 18, 2012 at 02:43:49 PM PDT

  •  I searched for these 2 (1+ / 0-)
    Recommended by:
    War on Error

    0001309116    Sankaty High Yield Asset Investors III, LLC    MA
    0001262053    SANKATY HIGH YIELD ASSET INVESTORS LLC    MA

    No matches

    Searching just for Sankaty, yields Sankaty Advisors LLC

    http://www.adviserinfo.sec.gov/...

    your regulatory assets under management: 38 accounts with about 15 million

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Thu Oct 18, 2012 at 06:38:41 PM PDT

  •  Sigh. If only the diarist understood (0+ / 0-)

    what "assets under management" means.

    Bain does not own the "assets under management."  It...manages those assets. Hence, "assets under management."  When an entity owns assets, they are simply called..."assets."

    Really, this diary is so off base, and is generating such a BUZZ from people who don't know any better, it should be taken down. Sorry if this is hars--the diarist is a respected Kossack.  But this time he has made a mistake.

    You can tell Monopoly is an old game because there's a luxury tax and rich people can go to jail.

    by Simian on Thu Oct 18, 2012 at 10:48:17 PM PDT

    •  From the LA Times (1+ / 0-)
      Recommended by:
      Simian

      Mitt Romney's secrets are not all in his tax returns

      The longer Romney keeps his tax forms secret, the more intense is the speculation about what he is hiding. Is he really richer than he has let on – a billionaire, perhaps? Are there years in which he paid no taxes? Is there something so damning in the documents that he is willing to sustain the damage to his campaign caused by his failure to disclose?

      Mitt Romney is a very wealthy man with a family legacy in politics who thinks it would be nice to fulfill his father’s dream of living in the White House. Perhaps, that is all there is to his candidacy. That is a secret he would want to keep.

      It's difficult to be happy knowing so many suffer. We must unite.

      by War on Error on Fri Oct 19, 2012 at 08:00:02 AM PDT

      [ Parent ]

      •  Surely you do not mean to suggest (0+ / 0-)

        that unsubstantiated musing by an LA Times columnist has anything to do with whether Bain's $60 billion "assets under management" proves that Mitt is a billionaire?  Or indeed, is even evidence of same?

        Look, I don't know how much Mitt is worth.  All I know is, the amount of "assets under management" does not equate to the amount of assets owned.  More likely, Bain's portion of those assets (if Bain's assets are even included in the number) is some small fraction, like 2% or 5%.

        You can tell Monopoly is an old game because there's a luxury tax and rich people can go to jail.

        by Simian on Fri Oct 19, 2012 at 03:05:43 PM PDT

        [ Parent ]

  •  Private Equity firms; Anti-Trust, Why Mitt is rich (2+ / 0-)
    Recommended by:
    War on Error, Prospect Park

    If you were to Google Private Equity , Bid Rigging you would find a slew of articles about a recent law suit against all the major Private Equity ("PE") firms ; from Blackrock , Carlyle, Bain, KKR (Henry Kravis) and many of the major TBTF banks.

    Apparently in 2003, the PE firm principles discussed and then implemented a massive violation of the anti-trust laws in that all major PE equity deals , that there one be one firm making the bid. The others would bid at pre-arranged bid levels so the PE firm who was the designated hitter, would win a bid to take a large company over.

    The "Designated Hitter" (DH)  PE firm would advise the large firms to "Stand Down" . That was the code phrase that they used where the expected large firms to honor their agreement of non-competitive bids.  This is the primary reason that we have some huge PE firms that grew exponentially  from 2003 to ---

    There is no way Mitt Romney didn't know about this practice. What began ( no one is sure of the date) as a informal practice where large firms would privately ask each other not to enter the fray in exchange turned into massive crimes.

    What does it all mean? It simple really; The investment banks and the PE firms colluded together to "take under" large companies to avoid bidding wars that would make the take-overs too expensive or better said, harder to make billions on each deal . This meant that the DH would make an extraordinary amount of money on a 10-40B take over . In some cases the DH paid other firms directly out of profits not to bid, but in most it was agreed upon. Since there is a limited amount of PE firms with the financial means to do these deals, it was relatively easy to keep everyone in line.

    Shareholders, employees, and other related parties suffered major league damages. If a company was put into play, there would be no real bidders to bid the price up . That meant that investors and employees would watch as their firms were taken over and then PE would do the work that we've seen in Article after article about Bain Capital  .

    I think this was meant as an October surprise but as usual, there has been little to no MSM coverage. I would encourage people to read up on the suit and all see professional analysis about how these deals were structured to make these huge firms virtually monopolize the market , like the TBTF banks who were in neck deep with the PE firms, then grow to massive size thereby creating a huge moat to competitors.

    My guess, and it's just that, Mitt Romney saw the benefits of this and is still seeing the benefits of this. I don't know about his net worth being a billion but one has to ask with 1% interest rates for safe investment being the norm, how it is that he stacks 15-20 million a year on top of his horde of money .

     

  •  Fantastic research - you've only touched surface (0+ / 0-)

    BCIP -

    Stage Stores
    Mattel (The Learning Company)

    so much more

    Keep up the GREAT works!


    Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

    by laserhaas on Fri Oct 19, 2012 at 04:25:01 PM PDT

  •  BTW - no one has ever stated he gave up Bain (0+ / 0-)

    he may have retired

    that does NOT mean - he still doesn't own 100%

    Any due diligent biz man - would never give up control;
    to assure he is paid.

    P.S.
    Has anyone ever asked the Tax questions of when he signed everything over to Ann Romney right before Mass Gov deal?


    Mitt Romney was CEO of Bain until Aug 2001. Proof of Bain & Romney Fraud

    by laserhaas on Fri Oct 19, 2012 at 04:26:57 PM PDT

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