Mar 27, 2024 - Business

Bain Capital makes changes to top leadership

Jonathan Lavine at Columbia University graduation

Jonathan Lavine at Columbia University graduation in 2023. Photo: Bing Guan/Bloomberg via Getty Images

Bain Capital has made several changes to its senior leadership, according to a memo seen by Axios.

Why it matters: Bain is one of private equity's oldest and largest firms, with around $180 billion in assets under management.

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."

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