14 Facts About Lionel Pincus

Lionel I Pincus was an American businessman and philanthropist.

Lionel Pincus was the founder of the private equity firm Warburg Pincus, running it from 1966 to 2002, and later became the chairman emeritus of the company.

Lionel Pincus's grandparents were Jewish immigrants from Russia and Poland.

Lionel Pincus's family had clothes retailing and real estate businesses; rather than join those businesses, he pursued an MBA at Columbia Business School, graduating in 1956.

Lionel Pincus joined Ladenburg Thalmann, an investment banking firm, in 1955, and became a partner in the firm at age 29.

Lionel Pincus is a "pioneer of the venture capital megafund", raising billions of dollars to invest in companies across industries.

The tenth and final fund raised while Lionel Pincus headed the company raised over $5.3 billion, closing in 2002.

Early investments included 20th Century Fox, Humana, and Warner, a company later acquired by Waste Management, Inc In 1984, Warburg Lionel Pincus invested in Mattel, and Lionel Pincus joined its board of directors.

In 1999, Warburg Lionel Pincus sold its asset management division to Credit Suisse for $650 million, which acquired an interest in the private equity division of Warburg Lionel Pincus.

Lionel Pincus supported several philanthropic activities, including a $10 million donation to Columbia University, New York in 1995.

Lionel Pincus was a trustee of the university at the time.

Lionel Pincus was recognized in 2002 for having donated more than $5 million to the Library.

Lionel Pincus married the former Suzanne Storrs, a former Miss Utah winner and actress, in 1967.

Lionel Pincus died in 1995 at the age of 60, after a long battle with ovarian cancer.