Durable Capital Partners LP Discloses 5.31M Share Stake in Bright Horizons

TL;DR

**Durable Capital Partners LP holds over 5.3 million shares of Bright Horizons, signaling strong institutional confidence.**

AI Summary

Durable Capital Partners LP, a Delaware-based investment firm, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Bright Horizons Family Solutions Inc. As of December 31, 2023, Durable Capital Partners LP holds sole voting power over 5,312,607 shares of Bright Horizons' common stock. This filing indicates a significant institutional stake, which can be a positive signal for investors as it suggests a professional firm sees value in the company.

Why It Matters

This filing shows a major institutional investor, Durable Capital Partners LP, maintains a substantial position in Bright Horizons, which can influence stock stability and investor confidence.

Risk Assessment

Risk Level: low — This filing indicates a stable institutional holding, which generally reduces volatility and risk for other investors.

Analyst Insight

A smart investor would view this significant institutional holding by Durable Capital Partners LP as a potential vote of confidence in Bright Horizons Family Solutions Inc., warranting further research into the company's fundamentals and Durable Capital's investment thesis.

Key Numbers

• 5,312,607 — Shares with Sole Voting Power (Represents the significant stake held by Durable Capital Partners LP in Bright Horizons Family Solutions Inc. as of December 31, 2023.)

Key Players & Entities

• Durable Capital Partners LP (company) — the reporting person and institutional investor
• Bright Horizons Family Solutions Inc. (company) — the subject company whose shares are being reported
• 5,312,607 (dollar_amount) — the number of shares with sole voting power held by Durable Capital Partners LP
• December 31, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Durable Capital Partners LP will maintain a significant stake in Bright Horizons Family Solutions Inc. for the foreseeable future. (Durable Capital Partners LP) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o

Filing Documents

• bright_sc13ga-123123.htm (SC 13G/A) — 62KB
• 0001999371-24-001939.txt ( ) — 64KB

(b). Address

Item 1(b). Address of Issuer’s Principal Executive Offices : 2 Wells Avenue Newton, Massachusetts 02459

(a). Names

Item 2(a). Names of Person Filing : The name of the person filing this report is: Durable Capital Partners LP (the “Reporting Person”)

(b). Address

Item 2(b). Address of Principal Business Office or, if None, Residence : The address of the principal business office of the Reporting Person is: 4747 Bethesda Avenue, Suite 1002 Bethesda, Maryland 20814

(c). Citizenship

Item 2(c). Citizenship or Place of Organization : The Reporting Person is a limited partnership organized under the laws of the State of Delaware.

(d). Title

Item 2(d). Title of Class of Securities : Common Stock, $0.001 par value per share (“Common Stock”)

(e). CUSIP

Item 2(e). CUSIP Number : 109194100

If

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) A non-U.S. institution that is the functional equivalent of any of the institutions listed in § 240.13d-1 (b)(1)(ii)(A) through (I), so long as the non-U.S. institution is subject to a regulatory scheme that is substantially comparable to the regulatory scheme applicable to the equivalent U.S. institution. (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Ownership

Item 4. Ownership . The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 57,904,906 outstanding shares of voting Common Stock as of October 24, 2023, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 6, 2023. Durable Capital Master Fund LP directly holds 5,312,607 shares of Common Stock (the “Shares”). The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of the Shares. Durable Capital Partners GP LLC (“Durable GP”) is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.

Ownership

Item 5. Ownership of Five Percent or Less of a Class . Inapplicable.

Ownership

Item 6. Ownership of More than Five Percent on Behalf of Another Person . See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties.

Identification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person . See control and Shares holding disclosure in Item 4.

Identification

Item 8. Identification and Classification of Members of the Group . Inapplicable.

Notice

Item 9. Notice of Dissolution of Group . Inapplicable.

Certification

Item 10. Certification . By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 DURABLE CAPITAL PARTNERS LP By: /s/ Julie Jack Name: Julie Jack Title: Authorized Person