This morning on MSNBC, former venture capitalist Sen. Mark Warner D-Va. admitted that Bain Capital was “very successful” and “did what they were supposed to do.”
When asked about whether attacks on private equity were fair, Warner said that he was “proud” of his previous career in the private sector but noted that public service required a “different skill set.”
“Bain Capital was a very successful business. They got a good return for their investors. That is what they were supposed to do,” Warner said.
Warner, is the founder of Columbia Capital Corp. in Alexandria, Va. which made him a multi-millionaire before he ran for Virginia governor. In spite of some early presidential buzz for the Democratic primary in 2008, he ran and won a race for the U.S. Senate.
