Private equity took a beating during the 2012 presidential campaign, when Democrats portrayed the partners at Bain Capital, the Boston PE firm co-founded by Republican candidate Mitt Romney, as a pack of job-cutting corporate raiders. Now, some are trying to paint Mike McFadden with the same brush. The Republican investment banker who calls Minnesota home is making a bid for the U.S. Senate seat held by Democrat Al Franken.

Before he entered politics, Franken was perhaps best known for portraying Saturday Night Live’s amiably pathetic self-help guru Stuart Smalley, whose wishful-thinking-filled motto was: “I’m good enough, I’m smart enough, and doggone it, people like me.”

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.