Bain’s Deval Patrick mulls tying carry to social impact

Bain Capital, private equity, impact investing, Deval Patrick
Former Massachusetts Gov, Deval Patrick receives an honorary Doctor of Laws degree during the 364th Commencement Exercises at Harvard University in Cambridge on May 28, 2015. Photo courtesy Reuters/Brian Snyder
  • 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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