Deals
Bain Capital Promotes Four, Renames Hedge Fund, Credit Units
- Connaughton, Lavine to lead firm day-to-day in elevated roles
- Brookside, Sankaty titles to be dropped in favor of Bain label
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Bain Capital promoted four long-time executives to chairmen and managing partners -- roles that are a first in the partnership’s 32-year history.
Bain, which operates by a management committee, named Josh Bekenstein and Steve Pagliuca as co-chairmen of the Boston-based firm, according to a letter to clients, a copy of which was obtained by Bloomberg. John Connaughton and Jonathan Lavine will be co-managing partners of the alternative-asset manager, overseeing its daily operations.