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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note