Jonathan Lavine

Jonathan Lavine
Born Jonathan Scott Lavine
(1966-05-09) May 9, 1966
Providence, Rhode Island, US
Residence Lexington, Massachusetts
Nationality American
Alma mater Columbia College, Harvard Business School
Occupation Co-Managing Partner of Bain Capital and Chief Investment Officer of Bain Capital Credit

Jonathan Scott Lavine (born May 9, 1966) is an American business executive and philanthropist. Lavine currently serves as co-managing partner of Bain Capital and chief investment officer of Bain Capital Credit. He founded Bain Capital Credit in 1997 as Sankaty Advisors, a division of Bain Capital. His philanthropy has extended to several organizations in the form of contributions and board memberships.

Early life, education and family

Jonathan Lavine was born in Providence, Rhode Island and graduated from Classical High School in 1984. Lavine then attended Columbia College where he was elected Phi Beta Kappa and earned a BA Magna Cum Laude in 1988.[1] Columbia also awarded him the David Truman Award for outstanding contribution to the academic affairs of the college.[2]

From 1990-1992, Lavine attended Harvard Business School earning an MBA with distinction.[2]

Lavine married Jeannie Diane Bachelor in June 1992 at Temple B’nai Abraham in Livingston, New Jersey.[3] They have two children, Allie and Emily and currently reside in Lexington, Massachusetts.[4]

Career

Lavine began his career as an analyst at Drexel Burnham Lambert upon his graduation in 1988. From 1991-1993 he worked as a consultant for McKinsey & Company[5] until moving on to Bain Capital. Today, Bain Capital is one of the world’s leading private, alternative asset management firms with approximately $70 billion in assets under management.[6] In 1997, Lavine founded Sankaty Advisors, LLC as the credit affiliate of Bain Capital. Serving as managing partner and chief investment officer since 1997, Lavine also is chair of the Credit Committee and the Risk & Oversight Committee. Sankaty is now known as Bain Capital Credit[7] and has over $30 billion in assets under management, investing in a wide variety of securities and investments. The firm employs over 230 people in offices in Boston, London, Chicago, New York, Dublin, Luxembourg, Australia, and Hong Kong.[1]

In 2016, Bain Capital named Lavine co-managing partner of the firm.[7]

Lavine is also a member of the Boston Celtics ownership group,[8] Boston Basketball Partners LLC.

Philanthropy

City Year

Jonathan and Jeannie Lavine began their support of City Year in 1991. Their $18 donation began a relationship between the Lavines and City Year that still exists present day.[9] Lavine joined the board in 2006. He has also chaired the City Year Headquarters for Idealism Campaign[10] and the Development Committee.[11] In 2012 he provided a pledge of $10 million that allowed City Year to “build the capacities needed for achieving the impact and scale goals of City Year’s Long-Term Impact strategy.”[12] In 2013, he was elected Chair of the National Board of Trustees[13] and in 2014, he served as the National Chair for City Year’s 25th Anniversary.[14]

Columbia

Jonathan Lavine serves as a trustee of Columbia University,[1] is a former chair of the Columbia College Board of Visitors[15] and was co-chair of the Columbia Campaign. In 2011, he worked with Gerry Lenfest in establishing a $5 million match for Core Curriculum. The gifts endowed positions for “five Core instructors providing ongoing support for four-year appointments for nontenured Arts and Sciences faculty who teach Literature Humanities or Contemporary Civilization.”[16] Lavine has also served on the dean search committee.[17]

Harvard

In addition to Columbia, Lavine has helped support initiatives at Harvard. In 2012, Jonathan and Jeannie Lavine provided a $5 million grant[18] to the Harvard Humanitarian Initiative (HHI), a program directed by Dr. Mike VanRooyen[19] that trains the humanitarian leaders. The expansion of HHI established one of the main pillars of the academy, the “Lavine Family Humanitarian Studies Initiative.” Dr. VanRooyen said, “The Lavine gift will help HSI extend the reach of humanitarian education to an international scale and boost the impact of humanitarian relief by focusing on professional skill building and evidence-based research on best practices.”[20] The gift also makes HSI the largest program in humanitarian studies in the world.[20]

Boston Children’s Hospital and Dana-Farber Cancer Institute

Lavine joined the Boston Children’s Hospital Trust Board of Trustees[21] in 2005, and in 2007, established The Lavine Challenge, which matches permanent named endowed funds.[22] Lavine also contributes to the Dana-Farber Cancer Institute as a member of the board of trustees[23] and has established the Lavine Family Fund for Lymphoma Research and the Lavine Family Central Registration in the Yawkey Center.[24]

Board memberships and support

Jonathan Lavine also sits on the Boards of Dana Hall School,[25] Horizons for Homeless Children,[26] Be The Change, Inc.,[27] Service Nation,[28] and Opportunity Nation.[29] He is on the advisory board of the Schuster Institute for Investigative Journalism at Brandeis University.[30]

Additionally, Lavine is an active supporter of several other organizations that include the USO,[31] Cradles to Crayons,[32] Combined Jewish Philanthropies of Boston,[33] uAspire,[34] Best Buddies International,[35] American Jewish World Service.[36]

Crimson Lion Foundation

In 2007, the Lavines formed the Crimson Lion Foundation, a private family foundation through which they concentrate their philanthropic activities.[37]

Honors and awards

The Boston Business Journal listed Jonathan Lavine as one of the 40 outstanding Bostonians under the age of 40 in 2004.[2]

In March 2008, Lavine was given the John Jay Award from Columbia College for distinguished professional achievement. He was among five alumni honored and the event was the most successful in the 30-year history of the John Jay Awards Dinner. The dinner raised $2.2 million for the college.[38]

Lavine was a recipient of the Champion of the American Dream Award from Opportunity Nation in September 2012. Opportunity Nation Executive Director Mark Edwards wrote, “Through his position on our Board of Directors and leadership of the Opportunity Nation Committee, he has helped us think through specific challenges faced by the campaign early-on; connected us to other leaders at key non-profit organizations and partners; leveraged his impressive business connections to advance the goals of the campaign; and advised the entire Opportunity Nation team on how to best infuse the issue of opportunity into the public debate.”[39]

In December 2012, The Anti-Defamation League commemorated their 100th year with an event that included honoring Lavine with the Distinguished Community Service Award. ADL said it was honoring Lavine for his “immense civic leadership and influence to affect positive change in our community.”[40]

In June 2013, Lavine was an inaugural recipient of the Columbia College Dean’s Leadership Award.[41] In 2014, Columbia-Barnard Hillel awarded Lavine with the 14th Annual Gershom Mendel Seixas Award for out standing contributions to Jewish life at Columbia University.[42] In 2015, Jonathan Lavine was recognized with the Citizen Service Award by Voices for National Service at the 12th Annual Friends of National Service Awards.[43]

References

  1. 1 2 3 "Jonathan Lavine". Office of the Secretary of the University. Columbia University. Retrieved 19 April 2013.
  2. 1 2 3 "Keynote Speakers". Wharton Restructuring Club. Retrieved 17 April 2013.
  3. ↑ "WEDDINGS; Jeanne Bachelor, Jonathan S. Lavine". The New York Times.
  4. ↑ "Jonathan Lavine". New England ADL. newengland.adl.org. Retrieved 1 March 2016.
  5. ↑ "Jonathan Lavine". Profile on Sankaty.com. Sankaty Advisors. Retrieved 17 April 2013.
  6. ↑ "About Bain Capital". Bain Capital. Retrieved 19 April 2013.
  7. 1 2 KREUTZER, Laura. "Bain Capital Rebrands Credit Affiliate, Public Equity Unit". WSJ.com. The Wall Street Journal. Retrieved 27 April 2016.
  8. ↑ "Celtics Owners Use Financial Background In Team's Management". SportsBusiness Daily. Retrieved 16 April 2013.
  9. ↑ "The City Year Story" (PDF). Profile. City Year. Retrieved 16 April 2013.
  10. ↑ "CITY YEAR, INC. TO DEVELOP A HEADQUARTERS FOR IDEALISM" (PDF). City Year. Retrieved 19 April 2013.
  11. ↑ "Board of Trustees". City Year. Retrieved 19 April 2013.
  12. ↑ "City Year Launches Ten-Year Strategy to Build the Nation's Urban Graduation Pipeline". City Year. Retrieved 18 April 2013.
  13. ↑ "City Year Names Jonathan Lavine Chair of its National Board of Trustees". City Year. Retrieved 5 November 2014.
  14. ↑ Juul, Matt. "Bill Clinton Honored at City Year 25th Anniversary Celebration". Boston Globe. Retrieved 5 November 2014.
  15. ↑ "Board of Visitors Chair, Jonathan Lavine, Passes the Torch". Around the Quads. Columbia College TODAY. Retrieved 15 April 2013.
  16. ↑ "$5 million match established by Lavine and Lenfest for Core Curriculum". Columbia Magazine. Retrieved 19 April 2013.
  17. ↑ Craig, David J. "Cornell philosopher Moody-Adams picked as College dean". News. Columbia Magazine. Retrieved 19 April 2013.
  18. ↑ Powell, Alvin. "A training lifeline for rescuers". Harvard Gazette. Retrieved 15 April 2013.
  19. ↑ "Michael VanRooyen, MD, MPH, FACEP". Harvard. Retrieved 19 April 2013.
  20. 1 2 "New Gift to Expand, Improve Training for Humanitarian Aid Leaders". Spring/summer 2012 philanthropic impact. Harvard School of Public Health Magazine. Retrieved 19 April 2013.
  21. ↑ "Boston Children's Hospital Trust: Board of Trustees". Who Supports Boston Children's. Boston Children's Hospital. Retrieved 17 April 2013.
  22. ↑ "THE LAVINE CHALLENGE: Investing in a legacy". Spirit of Giving. Children's Hospital Boston. Retrieved 17 April 2013.
  23. ↑ "Dana-Farber Cancer Institute, Inc. Members of the Board of Trustees" (PDF). Dana-Farber Cancer Institute. Retrieved 17 April 2013.
  24. ↑ "Lavine gift honors parents’ fights against cancer" (PDF). Fall 2009 Impact. Jimmy Fund. Retrieved 17 April 2013.
  25. ↑ "Board of Trustees 2012-13". Dana Hall School. Retrieved 19 April 2013.
  26. ↑ "Board of Directors". Horizons for Homeless Children. Retrieved 19 April 2013.
  27. ↑ "Jonathan Lavine | Be The Change Inc.". Be The Change Inc. Retrieved 19 April 2013.
  28. ↑ "Our Board". Service Nation. Retrieved 19 April 2013.
  29. ↑ "Jonathan Lavine". Profile. Opportunity Nation. Retrieved 19 April 2013.
  30. ↑ "Advisory Board". The Schuster Institute for Investigative Journalism. Brandeis University. Retrieved 19 April 2013.
  31. ↑ "2011 Annual Report" (PDF). USO. Retrieved 19 April 2013.
  32. ↑ "Individual and Family Donors". Cradles to Crayons. Retrieved 19 April 2013.
  33. ↑ "Financial Services Group Leadership". Combined Jewish Philanthropies. Retrieved 19 April 2013.
  34. ↑ "2011-2012 uAspire Annual Report" (PDF). uAspire. Retrieved 19 April 2013.
  35. ↑ "2012 Summer ByLine" (PDF). Sponsor Highlights. ByLine The Magazine. Retrieved 19 April 2013.
  36. ↑ "CHANGEMAKERS: SUPPORTERS". 2011 Annual Report. American Jewish World Service. Retrieved 19 April 2013.
  37. ↑ "Jonathan Lavine". Profile. Anti-Defamation League. Retrieved 18 April 2013.
  38. ↑ "Jay Dinner Honors Five Alumni, Raises $2.2 Million for College". May/June 2008 Features. Columbia College TODAY. Retrieved 16 April 2013.
  39. ↑ Edwards, Mark. "Jonathan Lavine: One of Our Earliest Champions". Opportunity Nation. Retrieved 19 April 2013.
  40. ↑ Healy, Beth. "Bain Capital partner Jonathan Lavine to receive Anti-Defamation League community service award". Business Updates. Boston.com. Retrieved 17 April 2013.
  41. ↑ Palladino, Lisa. "Alumni Relive Their Campus Days". Columbia College Today. Retrieved 1 July 2013.
  42. ↑ "Lavine Honored with Seixas Award". Columbia College. Retrieved 10 October 2014.
  43. ↑ "Jonathan Lavine to be Recognized as Champion of National Service". PR Newswire. PR Newswire. Retrieved 1 March 2016.
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