The Huffington Post has an article out today discussing the founding of Bain Capital — specifically, the firm’s initial funding.
In 1983, Bill Bain asked Mitt Romney to launch Bain Capital, a private equity offshoot of the successful consulting firm Bain & Company. After some initial reluctance, Romney agreed. When Romney struggled to raise funds from other traditional sources, he and his partners started thinking outside the box.
You can read the rest of the story here.