Bain partner: 'This too shall pass'

Bain Capital has been getting kicked around all month, and now it's finally beginning to play some public defense.

Steve Pagliuca, one of the firm's managing directors, was interviewed in Davos today by Bloomberg TV, saying that criticism of his firm "will pass." He also said that the focus on private equity's job creation record -- a focus championed by Mitt Romney -- is misguided: "Bain Capital is not trying to create jobs. It's trying to create great companies, but great companies create jobs."

Watch the full interview here.