Bain Capital Hires Former Massachusetts Governor Deval Patrick

The $75 billion private equity firm was founded by 2012 Republican presidential nominee Mitt Romney.

Massachusetts Governor Deval Patrick speaks at a press conference April 16, 2013 in Boston, Massachusetts, in the aftermath of two explosions that struck near the finish line of the Boston Marathon April 15.

STAN HONDA/AFP/Getty Images
Lock
This article is for subscribers only.

Bain Capital, the $75 billion private equity firm founded by 2012 Republican presidential nominee Mitt Romney, hired former Massachusetts Governor Deval Patrick to lead a social impact fund.

Patrick, 58, will oversee investments that target a financial return while seeking to have a positive social impact, according to a statement Tuesday from Boston-based Bain. He starts at the firm immediately and is its first black managing director.