(PEHub) Bain Capital launched its new Double Impact Fund, which aims to target distressed communities. The fund will be led by former Massachusetts Governor Deval Patrick.

• Patrick joined Bain last year to launch impact business
• Bain’s business targets overlooked, distressed areas
• Impact-investment volume reached $15.2 bln in 2015

Bain Capital launched a fund to be run by former Massachusetts Gov. Deval Patrick that will invest across asset classes to target distressed communities, according to a regulatory filing. The fund, Bain Capital Double Impact Fund, is part of the impact-investing …