Deval Patrick joined blue-chip buyout shop Bain Capital in 2015 to lead its first foray into impact investing and the firm is now deploying its $390 million Double Impact fund.
PEI caught up with Patrick on the sidelines of the CFOs and COOs Forum in New York to discuss how his team fits within the wider Bain Capital business and how he views the future of impact investing.
Patrick had just come off the Forum stage, where he had told delegates that demand for the impact fund was such that Bain could have raised twice as much. “We thought it’s better to start small and really nail the model and scale from there with a track record we could show,” he said.
To read an in-depth interview with Patrick click here.