BAM Capital has been named the third-largest Indiana-based venture capital and private equity firm by the Indiana Business Journal in its recently released list of the state’s 20 largest firms, ranked by capital under management.
Headquartered in Carmel, Indiana, BAM Capital reported $538 million in capital under management available for investment. The firm invested $84 million in 2025, including $53 million across five investments in Indiana.
BAM Capital’s Growth Among Indiana Private Equity Firms
Founded by Ivan Barratt in 2010, BAM Capital has steadily grown into a top-tier vertically integrated multifamily real estate investment firm. The company owns and operates institutional-quality apartment communities primarily throughout the Midwest and Southeast, providing accredited investors with access to private real estate investment opportunities.
Since its founding, BAM Capital has completed $1.85 billion in real estate transactions. The firm’s track record also includes more than $263.2 million in total investor distributions, historical average returns of 32.19% IRR, and a 2.36x equity multiple.
BAM Capital founder and CEO Ivan Barratt said:
“Being named one of the largest private equity firms in Indiana is an incredible milestone for The BAM Companies. What began as a single duplex in 2010 has grown into a vertically integrated private equity firm managing hundreds of millions in multifamily real estate. Our growth comes down to two things: a disciplined investment thesis that delivers consistent returns for our partners, and an exceptional team that executes it daily. We’re proud of the footprint we’ve built right here in Indiana.”
BAM Capital’s No. 3 ranking among Indiana private equity firms reflects the company’s continued growth and its position among the state’s leading investment firms, while reinforcing its commitment to investors, residents, and the communities it serves.
BAM Capital works with accredited investors from a variety of professional backgrounds, including doctors, retirees, and business owners, who are looking to diversify their portfolios through private multifamily real estate investments. Through its vertically integrated investment model, BAM Capital provides access to institutional-quality apartment communities and professionally managed investment opportunities.
To learn more about BAM Capital’s investment performance and historical results, explore the firm’s Portfolio & Track Record. For accredited investors interested in passive multifamily investing, schedule a call with the team to explore our current offerings.
