The Hill News

Mitt Romney's old private equity investment firm sent a letter to its investors on Tuesday defending its record in light of increased scrutiny as a result of the presidential race.

In the letter, the managing directors of Bain Capital, where Romney previously served as a top executive, listed a number of statistics about the company's growth as well as its business model and approach to consulting with companies.

The letter began with a paragraph expressing optimism about the company's performance in the current year. It then went on to stress that it is not a partisan organization.

"While we have a great deal of respect across our partnership for all those who pursue public service, including President Obama and Governor Romney, we are not a political organization and take no public position on any candidate," the directors write in the letter.

"Many of our managing directors and employees make individual decisions to support c! auses and political candidates espousing a range of views, but we assure you that Bain Capital itself is separate from politics."

Although intense scrutiny over Romney's time at Bain has cooled, earlier in the campaign Romney's opponents attacked the former governor's performance at the investment firm in response to a series of news reports analyzing in detail Romney's claim that he created 100,000 jobs while running the company.

The letter addressed Bain's record on consulting with other businesses as well.

"While not every business can be successful, any fair-minded assessment must also take into account the jobs preserved in the businesses that we have turned around, transformed and then grown," the letter continued. "This sharply politicized issue attracts enormous attention and lends itself to misleading anecdotes and cherry-picking of the record, but there should be no doubt that $105 billion of revenue growth is an economic engine w! ith widespread benefits."

The letter also stressed ! that Bai n performs its work with a "strong" ethical motivation.

"Our firm seeks to instill the same sense of ethics and integrity to which we ourselves adhere in the companies with which we work," the letter says. "Like Bain Capital, our companies espouse responsible corporate governance and practices, and work to better the communities in which they live. Moreover, today Bain Capital individuals support hundreds of charities and serve on over 75 charitable boards."

Earlier in the campaign, Romney's opponents, like Rick Perry and Newt Gingrich attacked Romney's record at Bain charging that, contrary to his claims, Romney was a ruthless businessman motivated more by the prospect of making money than creating jobs during his time at Bain.

The letter was first reported by The New York Times on Tuesday night.

Read the letter below: