Steve Pagliuca Makes It Official

Steve Pagliuca, a managing director with Bain Capital, today announced that he's running for the Democratic Party nomination to succeed Ted Kennedy in the U.S. Senate. We discussed his potential candidacy earlier this week, including how it would affect ongoing operations at Bain. We've since received a copy of a letter Bain sent to its limited partners, which says Pagliuca will take a leave of absence rather than tender his resignation. What follows is a copy of the letter: Dear Bain Capital Private Equity Investors:

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