Stephen Gerard Pagliuca (born January 16, 1955) is an American
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
investor, co-chairman of
Bain Capital
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
,
and co-owner of the
Boston Celtics
The Boston Celtics ( ) are an American professional basketball team based in Boston. The Celtics compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Atlantic Division. Founded in 1946 as one of t ...
of the
National Basketball Association
The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United S ...
(NBA)
and
Atalanta
Atalanta (; grc-gre, Ἀταλάντη, Atalantē) meaning "equal in weight", is a heroine in Greek mythology.
There are two versions of the huntress Atalanta: one from Arcadia, whose parents were Iasus and Clymene and who is primarily known ...
of Italian
Serie A
The Serie A (), also called Serie A TIM for national sponsorship with TIM, is a professional league competition for football clubs located at the top of the Italian football league system and the winner is awarded the Scudetto and the Coppa ...
association football
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is ...
league.
Education
Raised in the
Basking Ridge
Basking Ridge is an Local government in New Jersey#Unincorporated communities, unincorporated community located within Bernards Township, New Jersey, Bernards Township in the Somerset Hills region of Somerset County, New Jersey, Somerset Count ...
section of
Bernards Township, New Jersey
Bernards Township () is a township in Somerset County, New Jersey, United States. The township is a bedroom suburb of New York City in the much larger New York metropolitan area, located within the Raritan Valley region. As of the 2020 Uni ...
, Pagliuca graduated from
Ridge High School
Ridge High School is a four-year comprehensive community public high school serving students in ninth through twelfth grades from Bernards Township in Somerset County, New Jersey, United States, operating as the lone secondary school of the ...
in 1973. He attended
Duke University
Duke University is a private research university in Durham, North Carolina. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James ...
where he played freshman basketball before receiving a BA in 1977. He has served on Duke's Trinity Board of Investors from 2001 to 2008, chairing the board from 2005 to 2007. He is a member of the Campaign Steering Committee and also serves on the board of trustees, serving on the Audit Committee and the Institutional Advancement Committee.
Pagliuca received an
MBA
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
from
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
(HBS) in 1982. He is member of the HBS Board of Dean's Advisors, the University Board of Overseers Committee on University Resources and the HBS Healthcare Initiative Advisory Board. He serves on the MGH President's Council and co-chairs the HBS Fund.
Career
Pagliuca started his career as a senior accountant and international tax specialist at
Peat Marwick Mitchell & Company in the
Netherlands
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(Peat Marwick is today
KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations.
Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...
).
Following this, he joined Bain & Company, a global consulting firm, in 1982 where he managed client relationships in the information services and healthcare industries. Pagliuca also was involved in the creation of Bain & Company's turnaround practice.
He then founded the Information Partners Venture Capital Fund and joined Bain Capital in 1989, where he began investing in numerous companies in the media, technology, financial services and healthcare industries.
In 2016, he was named co-chairman of the firm.
He is a former member of the Board of Directors of Burger King, Warner Chilcott, Gartner Group and the Hospital Corporation of America.
In 2009, Pagliuca was a Democratic candidate for the U.S. Senate position formerly occupied by
Ted Kennedy
Edward Moore Kennedy (February 22, 1932 – August 25, 2009) was an American lawyer and politician who served as a United States senator from Massachusetts for almost 47 years, from 1962 until his death in 2009. A member of the Democratic ...
.
He is a member of Congressman Joe Kennedy's Finance Committee, the Campaign to Fix the Debt and the Democratic National Advisory Committee.
Boston Celtics
Pagliuca is the managing general partner and member of the executive committee of the
Boston Celtics
The Boston Celtics ( ) are an American professional basketball team based in Boston. The Celtics compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Atlantic Division. Founded in 1946 as one of t ...
and serves as a member of the Board of Governors and the Competition Committee for the
National Basketball Association
The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United S ...
.
Atalanta
On 19 February 2022, Pagliuca, together with a number of other investors, acquired a 55% stake of Italian
Serie A
The Serie A (), also called Serie A TIM for national sponsorship with TIM, is a professional league competition for football clubs located at the top of the Italian football league system and the winner is awarded the Scudetto and the Coppa ...
association football
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is ...
club
Atalanta
Atalanta (; grc-gre, Ἀταλάντη, Atalantē) meaning "equal in weight", is a heroine in Greek mythology.
There are two versions of the huntress Atalanta: one from Arcadia, whose parents were Iasus and Clymene and who is primarily known ...
. Under the new agreement, Pagliuca was named co-chairman of the club.
Philanthropy
Pagliuca is co-chair of the Boston 2024 Olympics Finance Committee. Earlier this year Boston's bid for the 2024 Olympics was thrown out by the IOC.
He also is a member of HBS’ Board of Dean's Advisors, Harvard University's Board of Overseers’ Committee on University Resources, the HBS Healthcare Initiative Advisory Board and co-chair of the HBS Fund. He is a member of Duke University's board of trustees and serves on Massachusetts General Hospital's President's Council.
In 2005, Pagliuca received the Bright Star Award as recognition for his charitable activities from Bill Clinton.
In 2010, Habitat Humanity presented him with the American Dream Award for outstanding contributions to the Greater Boston Community.
In 2016, Pagliuca and his wife donated a research lab to Harvard University, the .
See also
*
Bain Capital
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
*
Boston Celtics
The Boston Celtics ( ) are an American professional basketball team based in Boston. The Celtics compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Atlantic Division. Founded in 1946 as one of t ...
*
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. It was ...
References
;Notes
;Bibliography
Private equity power list(
Fortune magazine
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ...
)
Bain Capital wraps up $20bn fundraisingFinancial News), January 31, 2008
What is Pagliuca’s political identity?(Boston.com) September 20, 2009
Fellowship of the Ring(Boston.com)
{{DEFAULTSORT:Pagliuca, Stephen
1955 births
Living people
American sports businesspeople
Bain & Company employees
Boston Celtics owners
Ridge High School alumni
Duke University alumni
Harvard Business School alumni
Massachusetts Democrats
National Basketball Association executives
People from Bernards Township, New Jersey
People from Framingham, Massachusetts
Private equity and venture capital investors
Basketball people from Massachusetts
People named in the Paradise Papers