Masters in Business

Jonathan S. Lavine on Private Equity Investing (Podcast)

Apr 8, 2022
In this engaging conversation, Jonathan S. Lavine, co-managing partner of Bain Capital and chief investment officer of Bain Capital Credit, shares insights from his impressive career in private equity. He discusses the importance of adaptability in investment strategies amidst market uncertainties and the role of mentorship in achieving success. Lavine highlights the necessity for diversity in finance and reflects on storytelling's significance in history and culture, all while weaving in personal anecdotes and lessons from the world of sports.
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ANECDOTE

Path to Wall Street

  • Jonathan Lavine initially planned to attend law school.
  • A friend suggested he explore investment banking analyst programs, mentioning free food, which led him to Drexel Burnham.
ANECDOTE

From Drexel to Bain Capital

  • Jonathan Lavine transitioned from Drexel Burnham to McKinsey, drawn to the strategic aspects of business and Boston's appeal.
  • He later joined Bain Capital in 1993, intrigued by their unique investment approach and growth potential.
INSIGHT

Bain Capital's Credit Expansion

  • Bain Capital's expansion into credit stemmed from their successful equity investments in leveraged companies.
  • Creating a separate credit division, initially named Sankaty Advisors, allowed them to apply their skills to debt investments.
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