Bain Built Japan’s Private-Equity Talent Model Around Internal Training

In Japan in 2004–05, Bain Capital struggled to find experienced operating specialists and well-rounded deal professionals. The firm therefore developed talent internally, hiring young employees and sending some to the United States for training before bringing them back.

Initially, sourcing and operational work were handled by separate specialists. Over time, Bain had them work together to develop more broadly skilled professionals. The talent market has since evolved, with more professionals available, but the shortage was described as a major reason the Japanese model took so long to develop.