Steve Pagliuca is a longtime Managing Director at Bain Capital, a leading global private investment firm based in Boston, and is Co-Managing Partner and Co-Owner of the World Champion Boston Celtics basketball franchise.
Steve joined Bain & Company in 1982 and founded the Information Partners private equity fund for Bain Capital in 1989. Since then, he and his partners have built Bain Capital into one of the world’s leading investment companies with $75 billion in assets under management, and offices in Boston, Chicago, New York, London, Munich, Hong Kong, Shanghai and Tokyo.
The Bain Capital partners are the largest investors in each of their funds. The firm manages funds that are invested for college endowments, individuals and pensions. Bain Capital is unique in that it supports management teams in adding value to their companies through help with strategic analysis, acquisitions, and developing growth oriented business plans.
In July 2002, Steve joined a partnership with Wyc and Irv Grousbeck to purchase the storied Boston Celtics basketball franchise. He is a Managing Partner and Co-Owner of the World Championship team, Chairman of the Boston Celtics Basketball Committee, and participates on the NBA Board of Governors. Steve has worked to improve the basketball operations, and has been helpful in hiring key executives such as Danny Ainge.
Steve serves as President of the Boston Celtics Shamrock Foundation, which he and the ownership group partners have built into a leading charity in the Boston community. The Shamrock Foundation helps children gain access to housing, healthcare and other services in partnership with local charities. The Shamrock Fund has become an excellent model for community outreach in the sports world.
Steve and his wife of 27 years, Judy (Orvidas), are major supporters and participants in other Boston philanthropic organizations as well. Steve currently serves as Chairman of the Massachusetts Society for Prevention of Cruelty to Children (MSPCC) and Judy serves on the Rosie’s Place Advisory Board. Steve and Judy both serve on the Harvard Business School Board of Advisors, and Steve on the Harvard Business School Health Care Advisory Group. He is a trustee of Bain Capital Children’s Charity, which has donated $30 million to worthy organizations benefiting children since its inception in 1997. Steve is a former Chairman and Judy a current Trustee of the Trinity Board of Advisors at Duke University. Judy also serves on the Board of Directors and the Audit Committee of the Massachusetts Turnpike Authority, and formerly served as Trustee of MassDevelopment. She is Trustee Emeritus of Meadowbrook School of Weston. In 2005, Steve received the Bright Star Award from Bill Clinton in recognition of his charitable activities.A longtime global investor, Steve is frequently called upon by the television, radio, and print business media to provide commentary, explanation and strategic business insights on global economic issues, the financial system, and the business of professional sports. Steve is a member of the World Economic Forum and a Governor of the Investor Industry Group. Also involved in the arts, Steve is lead producer of the current hit play “Two Men of Florence” at the Huntington Theatre in Boston.
Steve attended Duke University as an undergraduate and studied Management Sciences/Accounting/Economics, graduating Magna Cum Laude. While at Duke, he played on the freshman basketball team and in his senior year won the university-wide one-on-one basketball championship. He was also president of the Duke Accounting Society. After graduation in 1977, Steve moved to the Netherlands, where he worked as an international tax specialist and earned his CPA. Steve returned to the United States in 1980 to attend Harvard Business School, where he and Judy met. Steve earned first year honors at HBS and was hired in the summer of 1981 by Bain & Company. He joined Bain & Company in 1982 and several years later became a vice president focusing on the healthcare, media and technology industries. Judy (HBS 1983) formerly was Portfolio Manager and Vice President of the Global Bond Fund for Fidelity Investment and Management Company.
Steve and Judy have four children. Joseph, 24, played basketball in high school for the Belmont Hill School and in college for Coach Mike Krzyzewski at Duke University. Joe graduated in 2007 and is currently a consultant working in London. Their daughter, Stephanie, 19, is a freshman in college, and their sons Jesse, 16, and Nicky, 14, are a high-school sophomore and eighth grader, respectively. They are all avid basketball players and fans. Steve has been active in coaching basketball over the past 20 years for YMCA, CYO and AAU programs in the Boston area. The Pagliuca family resides in Weston.