GLOBAL- Lionel Pincus dies

Pincus led efforts to allow pension funds to invest in venture capital and private equity. His firm was the first ever in 1980 to raise a $100m vehicle. The company has now invested more than $29bn in over 600 companies in 30 countries.

Warburg Pincus is the result of a merger between merchant bank E.M Warburg, set up by Eric Warburg, and Lionel I. Pincus & Co., a financial consulting business set up by Pincus himself.

Pincus was born in 1931, making him 78 years old at the time of his death.

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