Bain Capital is a Boston-headquartered global alternative investment firm specializing in private equity, venture capital and credit products founded in 1984 by Mitt Romney, T. Coleman Andrews, and Eric Kriss.
The firm was founded in 1984 by partners from the consulting firm Bain & Company. These partners included Mitt Romney, T. Coleman Andrews III, and Eric Kriss. The early Bain Capital team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, and Geoffrey S. Renhert. Even though founded by Bain & Company executives, Bain Capital is not an affiliate or division of Bain & Company but rather a separate entity. Bain Capital remains a private, employee-owned company.
The firm, and its actions during its first 15 years, became the subject of political and media scrutiny as a result of co-founder Mitt Romney's later political career, including his 2012 presidential campaign. Mitt Romney served as Bain Capital's first and last CEO. Since his departure, Bain Capital has continued to be run by management committee, lead by Co-Chairman Sephen Pagliuca in 2020.