Welcome back to another special edition of exchanges at Goldman Sachs Great Investors. I'm Allison Mass Chairman of Investment Banking at Goldman Sachs and your host for today's episode.

I'm thrilled to be joined by my friend and client Steve Paluuka, who's currently a senior

advisor and former co-chair of Bain Capital. Steve started his career at the consulting firm Bainen Company in 1982.

He later joined Bain Capital in 1989 and was named its co-chair in 2016.

Since 2002, he's also been the co-owner of the Boston Celtics

and acquired a majority stake in the Italian soccer club at

Atlanta in 2022. We'll be discussing Steve'santa in 2022.

We'll be discussing Steve's career in private equity,

his views on the economy and investment landscape,

and his experience in managing sports teams.

Steve, welcome to the program.

It's great to be here.

So I wanted to start with your background growing up.

You're born in Brooklyn, raised in both Massachusetts and New Jersey.

Your grandfather was a shoemaker.

Your mother was a teacher, and you worked summers

moving furniture to pay for college.

So how did your early experiences shape your work ethic and more broadly your approach to investing.

It was very interesting.

My grandfather and grandmother came from Italy and he was a shoemaker in New York.

I think he was getting paid $8 a week, made very fancy shoes, and I always noticed that about my grandparents. They always had great shoes.

My father went to World War II, he was first generation and they impressed upon me, they always thought that the next depression was going to happen at any time.

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