Stephen Pagliuca
Encyclopedia
Stephen Pagliuca is a private equity
investor, managing partner of Bain Capital
, and co-owner of the Boston Celtics
.
In 2003, Pagliuca, along with Irving
and Wyc Grousbeck
, Robert Epstein, William P. Egan
, David Epstein and John Svenson, was part of the consortium (Boston Basketball Partners LLC) that acquired the Boston Celtics
for $360 million.
In 2009, Pagliuca ran unsuccessfully for the Democratic Party
nomination for the U.S. Senator position formerly occupied by Ted Kennedy
.
and serves as a member of the Board of Governors and the Competition Committee for the National Basketball Association
.
In 2009, Pagliuca was one of four candidates vying for the Democratic nomination as part of Massachusetts' special election
to fill Ted Kennedy's U.S. Senate seat. Pagliuca came in last in the primary election.
Pagliuca joined Bain Capital
in 1989 from Bain & Company
where he focused on the information services and healthcare industries and developed Bain & Company's turnaround practice.
Pagliuca started his career as a senior accountant and international tax specialist at Peat Marwick Mitchell & Company in the Netherlands
(Peat Marwick is today KPMG).
Pagliuca received an MBA from Harvard Business School
. He received a BA from Duke University
.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investor, managing partner of Bain Capital
Bain Capital
Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
, and co-owner of the Boston Celtics
Boston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
.
In 2003, Pagliuca, along with Irving
H. Irving Grousbeck
Harold Irving "Irv" Grousbeck is an entrepreneur, professor at Stanford Business School and co-owner of the National Basketball Association basketball team the Boston Celtics....
and Wyc Grousbeck
Wycliffe Grousbeck
Wycliffe "Wyc" Grousbeck is CEO, governor, and co-owner of the National Basketball Association's Boston Celtics.After spending seven years as a partner at a venture capital firm, Highland Capital Partners, Grousbeck founded the group Boston Basketball Partners L.L.C...
, Robert Epstein, William P. Egan
William P. Egan
William P. Egan is the founder and General Partner at Alta Communications, a venture capital firm, and Marion Equity Partners, a private equity firm, both based in Boston, Massachusetts. Mr. Egan also founded Alta's predecessor firm, Burr, Egan, Deleage & Co...
, David Epstein and John Svenson, was part of the consortium (Boston Basketball Partners LLC) that acquired the Boston Celtics
Boston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
for $360 million.
In 2009, Pagliuca ran unsuccessfully for the Democratic Party
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...
nomination for the U.S. Senator position formerly occupied by Ted Kennedy
Ted Kennedy
Edward Moore "Ted" Kennedy was a United States Senator from Massachusetts and a member of the Democratic Party. Serving almost 47 years, he was the second most senior member of the Senate when he died and is the fourth-longest-serving senator in United States history...
.
Career
Pagliuca is a managing partner and member of the executive committee of the Boston CelticsBoston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
and serves as a member of the Board of Governors and the Competition Committee for the National Basketball Association
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...
.
In 2009, Pagliuca was one of four candidates vying for the Democratic nomination as part of Massachusetts' special election
United States Senate special election in Massachusetts, 2010
The 2010 United States Senate special election in Massachusetts was a special election held on January 19, 2010, in order to fill the Massachusetts Class I United States Senate seat for the remainder of the term ending January 3, 2013...
to fill Ted Kennedy's U.S. Senate seat. Pagliuca came in last in the primary election.
Pagliuca joined Bain Capital
Bain Capital
Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
in 1989 from Bain & Company
Bain & Company
Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts. Bain is considered one of the most prestigious consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally...
where he focused on the information services and healthcare industries and developed Bain & Company's turnaround practice.
Pagliuca started his career as a senior accountant and international tax specialist at Peat Marwick Mitchell & Company in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
(Peat Marwick is today KPMG).
Pagliuca received an MBA from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
. He received a BA from Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
.
See also
- Bain CapitalBain CapitalBain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
- Boston CelticsBoston CelticsThe Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
- United States Senate special election in Massachusetts, 2010United States Senate special election in Massachusetts, 2010The 2010 United States Senate special election in Massachusetts was a special election held on January 19, 2010, in order to fill the Massachusetts Class I United States Senate seat for the remainder of the term ending January 3, 2013...
External links
- Steve Pagliuca for Senate (campaign website)