This week, we converse with Jonathan S. Lavine, who’s chief funding officer of Bain Capital Credit score and co-managing accomplice of Bain Capital, a number one non-public funding agency with some $160 billion in belongings below administration. Bain Capital Credit score, which has $40 billion in belongings below administration, invests throughout the spectrum of credit score methods, together with leveraged loans, high-yield bonds, distressed debt, non-public lending, structured merchandise, nonperforming loans, and equities.
He serves as a Trustee of Columbia College and a Director of the Boston Celtics.
We focus on how he launched a non-public credit score fund within the mid-Nineteen Nineties, proper within the midst of a booming equities market. This division ultimately grew into a considerable portion of Bain’s funding portfolio. Lavine explains how the agency continues to function as a partnership — very completely different from most of the different corporations within the non-public fairness house.
Lavine is lively in philanthropy and is at present Co-Chair of Metropolis Yr‘s Nationwide Board of Trustees, a company centered on stemming the highschool dropout charge in city facilities throughout the U.S. He and his spouse assist the traditionally vital documentary movies of Ken Burns, and have been supporting the following era of documentary filmmakers. He’s additionally a member of the US Holocaust Memorial Council, and the Anti-Defamation League.
A listing of his favourite books is right here; A transcript of our dialog is on the market right here Monday.
You possibly can stream and obtain our full dialog, together with the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts in your favourite pod hosts might be discovered right here.
You should definitely take a look at our Masters in Enterprise subsequent week with Luana Lopes Lara, co-founder of Kalshi, which has been accredited by the Commodity Futures Buying and selling Fee (CFTC) as a certified Designated Contract Market (DCM). Kalshi operates a federally regulated trade permitting buyers to commerce instantly on the anticipated consequence of future occasions.
Jonathan LaVine Favourite Books
Right here All Alongside: Discovering That means, Spirituality, and a Deeper Connection to Life–in Judaism by Sarah Hurwitz
Simply Mercy: A Story of Justice and Redemption by Bryan Stevenson
The Vietnam Conflict: An Intimate Historical past by Geoffrey Ward and Ken Burns
The Trip of a Lifetime: Classes Realized from 15 Years as CEO of the Walt Disney Firm by Robert Iger
A Man Referred to as Ove by Fredrik Backman
Anxious Folks by Fredrik Backman
Beartown by Fredrik Backman
Different Books Talked about
The Grasp: The Lengthy Run and Stunning Recreation of Roger Federer by Christopher Clarey
Boyd: The Fighter Pilot Who Modified the Artwork of Conflict by Robert Coram
Frequent Sense: The Investor’s Information to Equality, Alternative, and Development by Joel Greenblatt
2006 Column: Roger Federer As Spiritual Expertise by David Foster Wallace