Deval Patrick Joins Bain Capital

Former Massachusetts Gov. Deval Patrick (D) has joined the private equity firm Bain Capital as a partner to focus on socially oriented investments, the New York Times reports.

“Bain Capital, which is based in Boston, is one of the biggest and best-known private equity firms, with roughly $65 billion in assets under management. Yet Mr. Patrick will be joining a firm that became a lightning rod during the past two presidential elections: One of its founders was Mitt Romney, a predecessor of Mr. Patrick in Massachusetts, whose stint in private equity drew scrutiny and criticism from political opponents during his run for the presidency.”