Republican presidential candidate Mitt Romney is no longer an active partner at Bain Capital LLC, but eight years after leaving the firm, a large part of his $190 million to $250 million net worth is locked up in 34 Bain funds, according to election filings. Although he's no longer part of the firm, he still receives profits from any fund formed before Feb. 11, 2009. To avoid potential conflicts, however, he put his investments in a blind trust when he ran for governor of Massachusetts.
The blind trust perhaps explains Romney's latest "flip-flop." Although Romney often donned Red Sox paraphernalia while governor of the Bay State, he owns a stake in Yankees Entertainment & Sports Network LLC, the cable channel that broadcasts New York Yankees baseball games. —Matthew Wurtzel
See story from the Boston Herald
See post from PEhub
See post from BloggingBuyouts
Tags: Mitt Romney, Romney, private+equity, politics, president, election 2008
Continue reading below
