Bain Capital Real Estate and 11North Partners have announced the close of a capital raise of up to $1.6 billion to invest alongside their co-owned, dedicated open-air retail-focused operating platform.
The successful raise supports Bain Capital and 11North’s ability to distinctively invest in high-quality open-air retail centers throughout the United States and Canada and across the core-plus and value-added spectrum. The capital raise was anchored by two leading global institutional investors and includes commitments from existing and new Bain Capital investors. Together with participation from Bain Capital Real Estate Fund III, the platform has access to more than $2 billion of investable equity.
Bain Capital and 11North formed the platform in April 2024 to acquire grocery-anchored, open-air retail centers with high concentrations of necessity-based tenants and strong long-term consumer demand characteristics. Since launching, the platform has acquired a diversifi
