Bain Capital adds three managing directors

Bain Capital's annual round of promotions has seen three local executives promoted to new roles amid a sustained deal boom.

Joshua Hartz, Paul Kennedy, and Andrew Kateiva are now managing directors of the US private equity group

Hartz, who worked on the $3.5 billion Virgin Australia buyout has been with the firm for three years, having worked previously at Goldman Sachs and New York-based Anchorage Capital.

Kennedy has worked at Bain Capital for four years, joining from Macquarie group. Earlier, he was an associate director at CHAMP Private equity.

Finally, Kateiva, responsible for investor relations, has spent nine years with the firm after stints with L1 Capital and Challenger Financial Services.

.The new promotions lift Bain Capital's Australian managing directors to five.

The three new managing directors join Michael Murphy in private equity and Mitchell Stack in investor relations.

In November 2020, Bain Capital became the new owner of Virgin Australia after creditors supported the $3.5 billion deal.

The private equity group is expected to list the airline this year while retaining a significant holding.