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JoeOtterbein

(7,700 posts)
Thu Dec 12, 2019, 10:38 PM Dec 2019

Inside Deval Patrick's time at Bain Capital

Politico

A number of companies in Patrick’s “impact investing” portfolio have been hit by lawsuits.

By THEODORIC MEYER

12/12/2019 05:10 PM EST

When one of Deval Patrick’s partners at Bain Capital spoke at a conference last year, he described the work they were doing together in lofty terms.

Warren Valdmanis, Patrick’s partner, argued that impact investing — the strategy that Patrick’s fund at Bain Capital employed in an effort to make money while doing good — could help narrow the vast difference in life expectancy between two Boston neighborhoods.

Residents of Back Bay, the wealthy enclave where Bain Capital is headquartered, live decades longer on average than the residents of Roxbury, a largely black neighborhood a couple of miles away, Valdmanis told the audience.

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