Lionel Pincus
| Lionel Pincus | |
|---|---|
Historical photo of Lionel Pincus
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| Born |
Lionel I. Pincus March 2, 1931 Philadelphia, Pennsylvania |
| Died | October 10, 2009 (aged 78) New York City |
| Alma mater |
University of Pennsylvania Columbia Business School (M.B.A.) |
| Occupation | Businessman, banker, philanthropist |
| Known for | Founder of Warburg Pincus |
| Spouse(s) | Suzanne Storrs |
| Children | Henry Pincus Matthew Pincus |
| Parent(s) | Henry Pincus Theresa Celia Levit Pincus |
Lionel I. Pincus (March 2, 1931 — October 10, 2009) was an American businessman and philanthropist. He 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.
Pincus was born in Philadelphia, Pennsylvania, the son of Henry (d. 1949) and Theresa Celia (née Levit, d.1982) Pincus. His grandparents were Jewish immigrants from Russia and Poland. He graduated from the University of Pennsylvania with a Bachelor of Arts degree in English in 1953. His family had apparel retailing and real estate businesses; rather than join those businesses, he pursued an MBA at Columbia Business School, graduating in 1956.
Pincus joined Ladenburg Thalmann, an investment banking firm, in 1955, and became a partner in the firm at age 29. He formed Lionel I. Pincus & Co., Inc., a financial consultancy, in 1964. The following year, he joined the board of directors of E.M. Warburg & Co., founded in 1939 by Eric Warburg, and in 1966, the two firms merged. The company was renamed to E.M. Warburg Pincus in 1970, and to Warburg Pincus LLC in 2001.
Pincus is a "pioneer of the venture capital megafund", raising billions of dollars to invest in companies across industries. The money he raised came from, among other sources, pension funds, such as AT&T, IBM, GE, Pacific Telesis, and GM, state pension funds, and college endowments.
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