Bain Capital's Greg Shell Says He's Galvanized by This Moment
Bloomberg Markets|August - September 2020
GREG SHELL SEEMS to have been preordained for a life of finance and civic duty.
KAREN TOULON

Born on Tax Day 45 years ago, he attended a school in his hometown of New Bedford, Mass., that was named after William H. Carney, who received a Medal of Honor in 1900 for his service in the all-Black 54th Regiment depicted in the Civil War movie Glory.

A graduate of MIT and Harvard Business School, Shell was a portfolio manager at Grantham Mayo Van Otterloo & Co. when Bain Capital LP called in 2016 with an offer to join its new Double Impact fund. “When I got the call a little over four years ago to consider this new strategy Bain Capital was starting, it filled me with a sense of purpose because it integrated all of who I am,” Shell says.

The fund, launched by former Massachusetts Governor Deval Patrick, has invested in 12 companies in its areas of focus—health and wellness, sustainability, and education and workforce development. The fund tripled its money on the sale of its first holding, Impact Fitness. Shell spoke with Bloomberg Markets in early July about his investing priorities, recruitment strategies, and life philosophy.

KAREN TOULON: What led you to this career path?

GREG SHELL: I can remember a seminal moment in my life when I got tapped to be a part of the talented and gifted program in my elementary school, after the fourth grade. There’s no doubt that message about what I could achieve was quite important. But I had [and still have] this real nagging sense that I’m no more talented or gifted than any of my classmates. And the message that they got—that they were not talented and gifted—probably was a more enduring message. I’ve been so bothered by that, I’ve really worked my heart out on behalf of civic causes of many different types to ensure that human capital in all its forms is given a real opportunity to expand and elevate and self-actualize.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BLOOMBERG MARKETSView All

See Which Countries Are Falling Behind On Climate Change

Under the Paris Agreement, 190 countries and the European Union pledged to take steps to hold the global temperature rise to less than 2C (3.6F) from preindustrial levels—and preferably 1.5C.

4 mins read
Bloomberg Markets
October - November 2021

Billionaires Vie for the Future of Brazilian Finance

An escalating battle between two billionaires is upending the financial community in São Paulo, Latin America’s wealthiest city.

8 mins read
Bloomberg Markets
October - November 2021

Ford Foundation's Darren Walker: ‘We Have to Get Uncomfortable'

DARREN WALKER, 62, disrupted his Wall Street life more than 25 years ago when he left what is now UBS Group AG to volunteer at a school and eventually pursue a career in community development and philanthropy. Since 2013 he’s been at the pinnacle of the philanthropic world as president of the Ford Foundation, created by the family of automaker Henry Ford during the Great Depression to advance human welfare.

8 mins read
Bloomberg Markets
October - November 2021

Fueling the Ener Transition

I MAY BE BIASED, but some of the most important research and data on the Bloomberg terminal lies in one of its lesser-known functions: {BNEF }

1 min read
Bloomberg Markets
October - November 2021

Dig Into Analysts' Estimates for Disruptive Companies

THE PANDEMIC ERA generated a whole wave of disruptive companies as it accelerated the introduction of new products and services in areas including artificial intelligence, digitization, electronic payments, online meeting platforms, and virtual currencies.

4 mins read
Bloomberg Markets
October - November 2021

Climate Risks Come for Sovereign Credit

FOR YEARS climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market.

7 mins read
Bloomberg Markets
October - November 2021

Responsible-Investing Pioneer Lydenberg Says ESG Needs An Upgrade

STEVE LYDENBERG’S passion for social change was inspired by anti-Vietnam War demonstrations, consumer boycotts, and the movement to divest from apartheid South Africa. But he didn’t take to the streets. Instead, Lydenberg turned to the world of finance to help catalyze societal change.

8 mins read
Bloomberg Markets
October - November 2021

Engine No. 1's Grancio: ‘People Will Appreciate an Economic Argument'

ENGINE NO. 1 sent shock waves across corporate America in May when the fledgling investment firm won a boardroom battle with Exxon Mobil Corp., securing three seats on the oil and gas giant’s board after purchasing only about $40 million of its stock.

6 mins read
Bloomberg Markets
October - November 2021

Find Out Which Companies May Ramp Up Payouts After Covid

AS THE PANDEMIC DISRUPTED business last year, many companies cut or suspended dividends. Which will boost their payouts when economies pick up again?

2 mins read
Bloomberg Markets
October - November 2021

Get Into the Minds of Central Bankers as They Navigate Shocks

HAVE YOU EVER WONDERED how central bankers forecast the impact of shocks on the economy?

4 mins read
Bloomberg Markets
October - November 2021