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Exclusive: Ex-Bain Capital exec scraps plans for new fund

November 12, 2014, 9:50 PM UTC
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Kyle Bean for Fortune

Former Bain Capital executive Andrew Balson has “hit pause” on his plans to create a new private equity firm, Fortune has learned.

Balson had left Bain earlier this year, after an 18-year career that included work on such deals as Bloomin’ Brands (BLMN), Domino’s Pizza (DPZ), Dunkin’ Brands (DNKN), FleetCor (FLT) and Odwalla Inc.

The NY Times reported that Balson planned to launch a new fund that would “make private equity-style investments with a longer time frame.” It also said that he had hired Lara Fox Moskowitz away from General Atlantic as head of operations and strategy.

But Balson recently decided to scrap his plans, and Moskowitz has departed for Boston-based Solamere Capital.

“I’m viewing whatever I do next as another chapter in my life and, after giving it more thought, I’m not certain that it will be about investment,” Balson explains, when reached via phone. “It may be, but I don’t have anything currently planned.”

Balson remains on the boards of Bloomin’ Brands, Domino’s and FleetCor.

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