Advent Exec. Loses Mass. Senate Race

Jun 26 2013 | 11:08am ET

Former private-equity executive Gabriel Gomez came up short in his bid to become the next U.S. Senator from Massachusetts yesterday.

Gomez, who worked at Boston-based Advent International until this past March, had hoped to repeat a 2010 coup, when Republican Scott Brown won the seat of the late Sen. Ted Kennedy in a special election in heavily Democratic Massachusetts. Instead, however, the former seat of U.S. Secretary of State John Kerry will go to Rep. Ed Markey, a 20-term congressman.

Markey received 55% of the vote to Gomez's 45% in an election marked by low turnout and little public interest.

"Sometimes you face overpowering force," Gomez, a former Navy SEAL, said in his concession speech. "I mean, we were massively overspent. We went up against literally the whole national Democratic Party and all its allies." He then added, "I offer absolutely no excuse for coming up short."

"I'm proud to be an American, and tonight, even in defeat, I've never been prouder to be a citizen of the Commonwealth of Massachusetts."


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note