Jonathan Lavine

Jonathan Scott Lavine (born May 9, 1966) is an American business executive and co-managing partner of Bain Capital. He also serves as chief investment officer of Bain Capital Credit, which he founded in 1997 as Sankaty Advisors, a division of Bain Capital. Lavine is a philanthropist who has supported several U.S. organizations.

Jonathan Lavine
Born (1966-05-09) May 9, 1966
Providence, Rhode Island, US
NationalityAmerican
Alma materColumbia University (BA)
Harvard University (MBA)
Occupation
Spouse(s)Jeannie Diane Bachelor (m. 1992)
Children2

Early life, education and family
Jeannie Lavine speaks at the Library of Congress in 2019

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 to 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 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. In 1997, Lavine founded Sankaty Advisors, LLC as the credit affiliate of Bain Capital and served as managing partner and chief investment officer of the firm.[6] Sankaty was renamed Bain Capital Credit in 2016.[7][6]

In 2016, Bain Capital named Lavine co-managing partner of the firm. Lavine continued to lead Bain Capital Credit after becoming co-managing partner of Bain Capital.[7]

In 2008, Lavine also became a member of the Boston Celtics ownership group,[8] Boston Basketball Partners LLC.

Philanthropy

City Year

Jonathan and Jeannie Lavine began supporting City Year in 1991 with an $18 donation.[9] Lavine joined the City Year 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 in support 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]

Boston Children's Hospital and Dana-Farber Cancer Institute

Lavine joined the Boston Children's Hospital Trust Board of Trustees[15] in 2005, and in 2007, established The Lavine Challenge, which matched permanent named endowed funds.[16] Lavine also contributed to the Dana-Farber Cancer Institute as a member of the Board of Trustees[17] and established the Lavine Family Fund for Lymphoma Research and the Lavine Family Central Registration in the Yawkey Center.[18]

Columbia

Lavine was elected to the Columbia University Board of Trustees in 2011.[19][1] He is a former chair of the Columbia College Board of Visitors[20] and was co-chair of the Columbia Campaign. In 2011, he worked with Gerry Lenfest in establishing a $5 million match for Core Curriculum.[21] Lavine also served on the dean search committee.[22]

In May 2018, Lavine and his family made a $2.5 million endowment gift to Columbia/Barnard Hillel to support Jewish student life at Columbia University. In recognition of the gift, Columbia/Barnard Hillel's Executive Director position was renamed the Lavine Family Executive Director.[23]

In April 2018, Lavine was elected co-chair of the Columbia Board of Trustees alongside Lisa Carnoy.[24]

Harvard

In 2011, Jonathan and Jeannie Lavine established the Lavine Family Cornerstone Scholarship Fund, which provided financial aid to four Harvard undergraduates.[25] In 2012, the Lavines provided a $5 million grant to the Harvard Humanitarian Initiative (HHI) to train humanitarian leaders and extend the reach of humanitarian education internationally.[26][27] The gift also established the Lavine Family Humanitarian Studies Initiative, an expansion of the Humanitarian Studies Initiative (HSI), and made HSI the largest program in humanitarian studies in the world.[27]

In 2017, Jonathan and Jeannie Lavine donated $12.5 million to Harvard Business School to establish scholarships for first-generation college students. The donation was the largest in the school's history for scholarships.[28]

Board memberships and support

In 2007, the Lavines formed the Crimson Lion Foundation, a private family foundation through which they have concentrated their philanthropic activities.[29]

Since 2012, the Lavines have supported LIFT Communities. In 2017, they donated $4 million to establish the Lavine Family Innovation Fund to develop services that help families living in poverty achieve economic mobility.[30]

In July 2016, Lavine donated $1 million to civil rights lawyer Bryan Stevenson's Equal Justice Initiative.[31] In an interview on Here and Now, Lavine stated that he and his wife donated after reading Stevenson's book Just Mercy.[32]

In February 2018, Lavine and his wife donated $5 million to public radio station WBUR to create CitySpace, a cultural events venue in Boston. The donation was the largest single donation to WBUR in the station's history.[33]

In April 2018, the Lavines sponsored an “Americans and the Holocaust” exhibit at the U.S. Holocaust Memorial Museum.[34]

Lavine has been a supporter of several other organizations including the USO,[35] Cradles to Crayons,[36] Combined Jewish Philanthropies of Boston,[37] uAspire,[38] Best Buddies International,[39] American Jewish World Service.[40]

Jonathan Lavine has served on the Boards of Horizons for Homeless Children[41] and Opportunity Nation,[42] and was a member of the Leadership Circle for Be The Change, Inc.[43] He is on the advisory board of the Schuster Institute for Investigative Journalism at Brandeis University.[44]

Recognition

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.[45]

Lavine was a recipient of the Champion of the American Dream Award from Opportunity Nation in September 2012.[46]

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.”[47]

In June 2013, Lavine was an inaugural recipient of the Columbia College Dean's Leadership Award.[48] In 2014, Columbia-Barnard Hillel awarded Lavine with the 14th Annual Gershom Mendel Seixas Award for outstanding contributions to Jewish life at Columbia University.[49] 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.[50]

In 2016, Lavine was appointed to the U.S. Holocaust Memorial Council.[51]

In April 2017, Lavine received a Distinguished Alumni Award from Classical High School.[52]

In November 2017, he received the Alexander Hamilton Medal from Columbia College.[53]

In 2018, Lavine and his wife received the Cycle for Survival Game Changer Award for their role in the organization's growth.[54]

References
  1. "Jonathan Lavine". Office of the Secretary of the University. Columbia University. Retrieved 19 April 2013.
  2. "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. Archived from the original on 22 March 2016. Retrieved 17 April 2013.
  6. Banerjee, Devin (7 April 2016). "Bain Capital Promotes Four, Renames Hedge Fund, Credit Units". Bloomberg. Retrieved 15 November 2018.
  7. 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. Archived from the original on 5 March 2016. Retrieved 16 April 2013.
  9. "The City Year Story" (PDF). Profile. City Year. Archived from the original (PDF) on 5 May 2012. Retrieved 16 April 2013.
  10. "City Year 2006" (PDF). City Year. Retrieved 17 January 2018.
  11. "Board of Trustees". City Year. Retrieved 19 April 2013.
  12. Year, City. "City Year Launches Ten-Year Strategy To Build The Nation's Urban Graduation Pipeline". www.prnewswire.com. Retrieved 2017-04-27.
  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. "Boston Children's Hospital Trust: Board of Trustees". Who Supports Boston Children's. Boston Children's Hospital. Archived from the original on 24 April 2013. Retrieved 17 April 2013.
  16. "THE LAVINE CHALLENGE: Investing in a legacy". Spirit of Giving. Children's Hospital Boston. Archived from the original on 13 May 2013. Retrieved 17 April 2013.
  17. "Dana-Farber Cancer Institute, Inc. Members of the Board of Trustees" (PDF). Dana-Farber Cancer Institute. Archived from the original (PDF) on 8 June 2017. Retrieved 17 April 2013.
  18. "Fall 2013 Impact" (PDF). Dana-Farber. Retrieved 17 January 2018.
  19. "Campus News | Columbia College Today". www.college.columbia.edu. Retrieved 2018-11-14.
  20. "Board of Visitors Chair, Jonathan Lavine, Passes the Torch". Around the Quads. Columbia College TODAY. Retrieved 15 April 2013.
  21. "$5 million match established by Lavine and Lenfest for Core Curriculum". Columbia Magazine. Archived from the original on 21 June 2018. Retrieved 19 April 2013.
  22. Craig, David J. "Cornell philosopher Moody-Adams picked as College dean". News. Columbia Magazine. Retrieved 19 April 2013.
  23. "The Kraft Center for Jewish Student Life, Columbia/Barnard Hillel, Announces Jonathan Lavine and Family's $2.5 Million Endowment Gift - Columbia Barnard Hillel". Columbia Barnard Hillel. Retrieved 2018-11-14.
  24. "University Names Lisa Carnoy and Jonathan Lavine as New Trustee Co-Chairs". Columbia News. 2018-04-18. Retrieved 2018-11-14.
  25. "Jeannie and Jonathan Lavine". Campaign for Harvard T.H. Chan School of Public Health. 2013-09-24. Archived from the original on 2013-10-01. Retrieved 2017-04-05.
  26. Powell, Alvin. "A training lifeline for rescuers". Harvard Gazette. Retrieved 15 April 2013.
  27. "Jeannie and Jonathan Lavine provide new gift to expand, improve training for humanitarian aid leaders | News | Harvard T.H. Chan School of Public Health". Spring/summer 2012 philanthropic impact. Harvard School of Public Health Magazine. Archived from the original on 2013-10-01. Retrieved 7 April 2017.
  28. "Business School Expands Financial Aid Opportunities | News | The Harvard Crimson". www.thecrimson.com. Retrieved 2018-01-17.
  29. "Jonathan Lavine". Profile. Anti-Defamation League. Retrieved 18 April 2013.
  30. "[News Release] LIFT Launches The Lavine Family Innovation Fund – LIFT". www.liftcommunities.org. Retrieved 2018-01-17.
  31. "Bain Capital exec gives $1 mil to anti-incarceration nonprofit - The Boston Globe". Retrieved 2016-07-05.
  32. "Philanthropy And Justice: Investing To Make A Difference". www.wbur.org. Retrieved 2018-11-15.
  33. "WBUR gets record $5 million donation for its cultural events center - The Boston Globe". BostonGlobe.com. Retrieved 2018-11-15.
  34. "Museum Opens New Exhibition "Americans and the Holocaust" — United States Holocaust Memorial Museum". www.ushmm.org. Retrieved 2018-11-15.
  35. "2011 Annual Report" (PDF). USO. Archived from the original (PDF) on 2 March 2013. Retrieved 19 April 2013.
  36. "Individual and Family Donors". Cradles to Crayons. Archived from the original on 1 July 2013. Retrieved 19 April 2013.
  37. "Financial Services Group Leadership". Combined Jewish Philanthropies. Archived from the original on 1 July 2013. Retrieved 19 April 2013.
  38. "2011-2012 uAspire Annual Report" (PDF). uAspire. Retrieved 19 April 2013.
  39. "2012 Summer ByLine" (PDF). Sponsor Highlights. ByLine The Magazine. Retrieved 19 April 2013.
  40. "CHANGEMAKERS: SUPPORTERS". 2011 Annual Report. American Jewish World Service. Archived from the original on 28 November 2012. Retrieved 19 April 2013.
  41. "Board of Directors". Horizons for Homeless Children. Retrieved 19 April 2013.
  42. "Jonathan Lavine". Profile. Opportunity Nation. Retrieved 19 April 2013.
  43. "Leadership Circle | Be The Change, Inc". Be The Change, Inc. Retrieved 2017-04-07.
  44. "Advisory Board". The Schuster Institute for Investigative Journalism. Brandeis University. Retrieved 19 April 2013.
  45. "Jay Dinner Honors Five Alumni, Raises $2.2 Million for College". May/June 2008 Features. Columbia College TODAY. Retrieved 16 April 2013.
  46. Edwards, Mark. "Jonathan Lavine: One of Our Earliest Champions". Opportunity Nation. Retrieved 19 April 2013.
  47. Healy, Beth. "Bain Capital partner Jonathan Lavine to receive Anti-Defamation League community service award". Business Updates. Boston.com. Retrieved 17 April 2013.
  48. Palladino, Lisa. "Alumni Relive Their Campus Days". Columbia College Today. Retrieved 1 July 2013.
  49. "Lavine Honored with Seixas Award". Columbia College. Retrieved 10 October 2014.
  50. "Jonathan Lavine to be Recognized as Champion of National Service". PR Newswire. PR Newswire. Retrieved 1 March 2016.
  51. "President Obama Appoints Three to U.S. Holocaust Memorial Council — United States Holocaust Memorial Museum". www.ushmm.org. Retrieved 2018-11-15.
  52. "The Grads Are Back". East Side Monthly. Retrieved 2018-11-15.
  53. "Columbia College awards highest honor to Jonathan S. Lavine, CC '88 - Columbia Daily Spectator". www.columbiaspectator.com. Retrieved 2018-01-17.
  54. "Battle Summit 2018". Cycle for Survival. 2018-05-10. Retrieved 2018-11-15.
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