Bain’s Deval Patrick mulls tying carry to social impact

Bain Capital, private equity, impact investing, Deval Patrick
  • Bain Double Impact Fund closed last year on $390 mln
  • Investments are “tracking well”: Patrick
  • Fund is structured like a traditional PE pool
Deval Patrick, a senior executive on Bain Capital’s impact investment fund, wants to find a way to tie carried-interest awards to the level of societal or environmental impact of such investments, he told an industry conference Thursday. This would help give ...
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