NEW YORK - Lionel Pincus, founder and chairman of New York-based private equity firm Warburg Pincus, has died, according to a spokesman for his longtime partner, Princess Firyal of Jordan. He was 78.
Mr. Pincus died about midnight Saturday at his Manhattan home after a long illness, the spokesman said.
Mr. Pincus founded Warburg Pincus in 1966. Since then the firm has invested more than $29 billion in more than 600 companies.
It holds stakes in a variety of companies including
Before founding Warburg Pincus, he was a partner of Ladenburg Thalmann & Co. He was also a founding director of the National Venture Capital Association and is chair emeritus of the Trustees of Columbia University.
He was a graduate of the University of Pennsylvania and held an MBA from Columbia University Graduate School of Business.
Warburg Pincus copresidents Charles R. Kaye and Joseph P. Landy said Sunday that Mr. Pincus was a committed steward to the firm’s success. “For those of us who knew and had the good fortune to work with Lionel, we witnessed first hand how he helped to create and shape the modern venture capital and private equity industry. ’’