Jonathan Lavine
{{Short description|American businessman}}
{{Infobox person
| name = Jonathan Lavine
| image = Jonathan Lavine.png
| birth_date = {{birth date and age|1966|05|09}}
| birth_place = Providence, Rhode Island, US
| occupation = * Chair of Bain Capital
- Founder of Bain Capital Credit
- Chair Emeritus of the Board of Trustees of Columbia University
| spouse = Jeannie Diane Bachelor (m. 1992)
| children = 2
| alma_mater = Columbia University (BA)
Harvard University (MBA)
}}
Jonathan Scott Lavine (born May 9, 1966) is an American businessman serving as Chair of Bain Capital. He founded Bain Capital Credit and Special Situations in 1998. He also served as Co-Managing Partner of Bain Capital from 2016 – 2024. Lavine is also a philanthropist. He was the Co-Chair of the Board of Trustees of Columbia University from 2018 to 2022. In 2022, he served as chair, and in 2023, was named Chair Emeritus.{{Cite web|title=Jonathan Lavine {{!}} Office of the Secretary of the University|url=https://secretary.columbia.edu/trustees-columbia-university/jonathan-lavine|access-date=2021-09-22|website=secretary.columbia.edu}}{{Cite web |date=18 May 2023 |title=David Greenwald and Claire Shipman Named Co-Chairs of Columbia’s Board of Trustees |url=https://news.columbia.edu/news/david-greenwald-and-claire-shipman-named-co-chairs-columbias-board-trustees |access-date=16 May 2024 |website=Columbia News}}{{Cite web |date=16 May 2024 |title=Jonathan Lavine |url=https://secretary.columbia.edu/directory/jonathan-lavine |access-date=16 May 2024 |website=Columbia}}
Early life and education
Jonathan Lavine was born in Providence, Rhode Island to Jewish parents and graduated from Classical High School in 1984. Lavine then attended Columbia College, where he was elected to Phi Beta Kappa and earned a BA magna cum laude in 1988.{{cite web|title=Jonathan Lavine|url=http://secretary.columbia.edu/trustees-columbia-university/jonathan-lavine|work=Office of the Secretary of the University|publisher=Columbia University|access-date=19 April 2013}}
In 1992, Lavine earned an MBA from Harvard Business School.{{cite web|title=Keynote Speakers|url=http://2011.wrdic.org/keynotes.html|access-date=17 April 2013|publisher=Wharton Restructuring Club}}
Personal life
Lavine married Jeannie Diane Bachelor in June 1992 at Temple B’nai Abraham in Livingston, New Jersey.{{cite web|title=WEDDINGS; Jeanne Bachelor, Jonathan S. Lavine|url=https://www.nytimes.com/1992/06/22/style/weddings-jeanne-bachelor-jonathan-s-lavine.html|work=The New York Times}}
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{{cite web|url=https://www.sankaty.com/Extranet/TeamMemberProfile.aspx?id=10|title=Jonathan Lavine|work=Profile on Sankaty.com|publisher=Sankaty Advisors|archive-url=https://web.archive.org/web/20160322034916/http://www.sankaty.com/team/jonathan-lavine|archive-date=22 March 2016|access-date=17 April 2013}} until moving on to Bain Capital. In 1998, Lavine founded Sankaty Advisors, LLC as the credit and special situations affiliate of Bain Capital and was managing partner and chief investment officer of the firm.{{Cite web|url=https://www.bloomberg.com/news/articles/2016-04-07/bain-capital-promotes-four-renames-hedge-fund-credit-units|title=Bain Capital Promotes Four, Renames Hedge Fund, Credit Units|last=Banerjee|first=Devin|date=7 April 2016|website=Bloomberg|access-date=15 November 2018}} Sankaty was renamed Bain Capital Credit in 2016.{{cite web|last1=KREUTZER|first1=Laura|title=Bain Capital Rebrands Credit Affiliate, Public Equity Unit|url=https://www.wsj.com/articles/bain-capital-rebrands-credit-affiliate-public-equity-unit-1460046905|website=WSJ.com|publisher=The Wall Street Journal|access-date=27 April 2016}}
In 2016, Bain Capital named Lavine co-managing partner of the firm. Lavine continued to lead Bain Capital Credit and Special Situations after becoming co-managing partner of Bain Capital. In March 2024, Lavine became the Chair of Bain Capital.{{Cite news |last=Kreutzer |first=Laura |title=Bain Capital Elevates David Gross as Part of Leadership Transition |url=https://www.wsj.com/articles/bain-capital-elevates-david-gross-as-part-of-leadership-transition-47d7a2f4 |access-date=2024-05-16 |work=WSJ |language=en-US}}
On December 6, 2016, President Barack Obama named Lavine to be a member of the United States Holocaust Memorial Council.{{Cite web|title=Press Release - President Obama Announces More Key Administration Posts {{!}} The American Presidency Project|url=https://www.presidency.ucsb.edu/documents/press-release-president-obama-announces-more-key-administration-posts-492|access-date=2021-07-14|website=www.presidency.ucsb.edu}} On May 17, 2023, President Joseph Biden reappointed Lavine to the Council.{{Cite web |last=House |first=The White |date=2023-05-17 |title=President Biden Announces Key Appointments to Boards and Commissions |url=https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2023/05/17/president-biden-announces-key-appointments-to-boards-and-commissions-27/ |access-date=2024-05-16 |website=The White House |language=en-US}}
In 2008, Lavine also became a member of the Boston Celtics ownership group,{{cite web|url=http://www.sportsbusinessdaily.com/Daily/Issues/2008/06/Issue-176/Franchises/Celtics-Owners-Use-Financial-Background-In-Teams-Management.aspx|title=Celtics Owners Use Financial Background In Team's Management|publisher=SportsBusiness Daily|archive-url=https://web.archive.org/web/20160305132031/http://www.sportsbusinessdaily.com/Daily/Issues/2008/06/Issue-176/Franchises/Celtics-Owners-Use-Financial-Background-In-Teams-Management.aspx|archive-date=5 March 2016|access-date=16 April 2013}} Boston Basketball Partners LLC.
Philanthropy
Lavine has been on the board of several organizations and educational institutions, including City Year,{{cite web|title=The City Year Story|url=http://www.cityyear.org/uploadedFiles/AnnualReportFY11_web.pdf|url-status=dead|archive-url=https://web.archive.org/web/20120505072331/http://www.cityyear.org/uploadedFiles/AnnualReportFY11_web.pdf|archive-date=5 May 2012|access-date=16 April 2013|work=Profile|publisher=City Year}} Boston Children's Hospital,{{cite web|title=Boston Children's Hospital Trust: Board of Trustees|url=http://giving.childrenshospital.org/page.aspx?pid=1405|url-status=dead|archive-url=https://web.archive.org/web/20130424121816/http://giving.childrenshospital.org/page.aspx?pid=1405|archive-date=24 April 2013|access-date=17 April 2013|work=Who Supports Boston Children's|publisher=Boston Children's Hospital}} the Dana-Farber Cancer Institute,{{cite web|title=Dana-Farber Cancer Institute, Inc. Members of the Board of Trustees|url=http://www.dana-farber.org/uploadedFiles/Library/modules/IRS_990_Form/dana-farber-board-of-trustees.pdf|archive-url=https://web.archive.org/web/20170608130949/http://www.dana-farber.org/uploadedFiles/Library/modules/IRS_990_Form/dana-farber-board-of-trustees.pdf|archive-date=8 June 2017|access-date=17 April 2013|publisher=Dana-Farber Cancer Institute}} Columbia University,{{Cite web|title=Campus News {{!}} Columbia College Today|url=https://www.college.columbia.edu/cct/archive/fall11/around_the_quads9|access-date=2018-11-14|website=www.college.columbia.edu|language=en}} Horizons for Homeless Children,{{cite web|title=Jonathan Lavine|url=http://www.opportunitynation.org/pages/jonathan-lavine|access-date=19 April 2013|work=Profile|publisher=Opportunity Nation}} and Opportunity Nation.{{Cite news|title=Leadership Circle {{!}} Be The Change, Inc.|language=en-US|work=Be The Change, Inc.|url=https://bethechangeinc.org/our-supporters/leadership-circle-2/|access-date=2017-04-07}}
In 2007, the Lavines formed the Crimson Lion Foundation, a private family foundation through which they have concentrated their philanthropic activities.{{cite web|title=Jonathan Lavine|url=http://regions.adl.org/new-england/news/jonathanlavine.html|access-date=18 April 2013|work=Profile|publisher=Anti-Defamation League}}
Lavine has donated to a number of organizations and institutions, including City Year,{{Cite web|last=Year|first=City|title=City Year Launches Ten-Year Strategy To Build The Nation's Urban Graduation Pipeline|url=http://www.prnewswire.com/news-releases/city-year-launches-ten-year-strategy-to-build-the-nations-urban-graduation-pipeline-151532655.html|access-date=2017-04-27|website=www.prnewswire.com|language=en}} Harvard University,{{cite web|last=Powell|first=Alvin|title=A training lifeline for rescuers|url=http://news.harvard.edu/gazette/story/2012/05/a-training-lifeline-for-rescuers/|access-date=15 April 2013|publisher=Harvard Gazette}} Harvard Business School,{{Cite web|title=Business School Expands Financial Aid Opportunities {{!}} News {{!}} The Harvard Crimson|url=http://www.thecrimson.com/article/2017/9/13/hbs-expands-financial-aid/|access-date=2018-01-17|website=www.thecrimson.com|language=en}} LIFT Communities,{{Cite web|title=[News Release] LIFT Launches The Lavine Family Innovation Fund – LIFT|url=https://www.liftcommunities.org/blog/news/2017/09/news-release-lift-launches-the-lavine-family-innovation-fund/|access-date=2018-01-17|website=www.liftcommunities.org|language=en-US}} Equal Justice Initiative,{{Cite web|title=Bain Capital exec gives $1 mil to anti-incarceration nonprofit - The Boston Globe|url=https://www.bostonglobe.com/business/2016/07/05/bain-capital-exec-gives-mil-anti-incarceration-nonprofit/PHe0V4IDmbZcYZFZfDZjiL/story.html?s_campaign=bostonglobe%253Asocialflow%253Atwitter|access-date=2016-07-05}} and public radio station WBUR,{{Cite news|title=WBUR gets record $5 million donation for its cultural events center - The Boston Globe|work=BostonGlobe.com|url=https://www.bostonglobe.com/business/2018/02/28/wbur-gets-record-million-donation-for-its-cultural-events-center/YlKoaIKNSwIRYf16OPUc6I/story.html|access-date=2018-11-15}} and the U.S. Holocaust Museum.{{Cite web|title=Museum Opens New Exhibition "Americans and the Holocaust" — United States Holocaust Memorial Museum|url=https://www.ushmm.org/information/press/press-releases/museum-opens-new-exhibition-americans-and-the-holocaust|access-date=2018-11-15|website=www.ushmm.org|language=en}}