Bain Capital makes changes to top leadership

Details: Jonathan Lavine will become chair of Bain Capital, transitioning from his co-managing partner role.

• The firm didn't have a chair last year, as former co-chairs Steve Pagliuca and Josh Bekenstein moved into senior advisor roles.
• John Connaughton will remain co-managing partner alongside David Gross, who previously helped launch Bain's Asia business.
• Chris Gordon and Robin Marshall become global co-heads of private equity, a role Connaughton previously held alone.

Per the memo, signed by Bain's partnership: "We believe this structure will enable continuity across the firm and our business units while also providing new leadership opportunities to several of our partners."