Bain Capital (NYSE:BCSF) has named David Gross as its sole managing partner, completing its succession plan, the Financial Times reported, citing a letter sent by the firm to investors. Gross will now lead Bain's global partnership. He was appointed co-managing partner in 2024.
His co-managing partner John Connaughton, who has held the position since 2016, will move into the role of chair, a letter sent to investors stated. Gross has previously built Bain Capital's Asia investment platform, and took part in some of Bain's largest transitions, such as the $18 billion acquisition of Kioxia, a semiconductor group, according to the report. He launched the company's Tokyo office and has been working to expand their presence in the region covering private equity, credit, life sciences and tech, since 2000.
