Mr. Gay is a Co-founder and an Executive Director of HGGC. He has accepted a leadership position with the LDS Church, but continues to serve as a member of HGGC’s Investment Committee.
Mr. Gay has been involved in the private equity business since 1986. From 1989 – 2004, he served as a Managing Director of Bain Capital. He was one of the firm’s senior partners and served as a member of its Management and Business Policy committees. He also led many of the firm’s investments and oversaw Bain Capital Europe where he opened the firm’s London and Munich offices.
Mr. Gay resigned as a full-time partner from Bain Capital when his church asked him to take a volunteer assignment as its Mission President for the countries of Ghana, Sierra Leone, and Liberia from July 2004 to July 2007.
Mr. Gay has actively been involved in humanitarian work all his business life. In 2001 he co-founded Unitus, a global micro-credit company, which is currently helping lift 9 million people across the world out of poverty. Unitus has been recognized world wide and for the last three years has received the prestigious Fast Company/Monitor Group Social Capitalist award naming it one of the top 45 social capital companies in the USA. Mr. Gay has also funded KOMART, a micro-credit organization serving West Africa. He is currently a Board member of three global charities: Right to Play, Forever Young, and Realizing the Dream.
Mr. Gay started in private equity when he joined GE Capital from McKinsey & Co. where he was an Engagement Manager. At GE he was Executive Vice President of the GECC Capital Markets group. He also formed and organized Sorenson Capital, a middle-market private equity firm, and was a member of its Advisory Board.
Mr. Gay graduated in 1982 with a Ph.D. in Business Economics from Harvard University where he also taught economics for two years. Mr. Gay graduated Phi Beta Kappa with an A.B. from the University of Utah.