Ex-Private equity firm founder dies aged 82

Carnation

Sad to report.

Lester Pollack, a former Lazard Freres managing director who founded private equity firm Centre Partners and helped start early leveraged-buyout fund Odyssey Partners, has died. He was 82.

Bloomberg News reports that he died December 9 at his Manhattan apartment, his daughter, Wendy Issacs, said in a telephone interview. The cause was complications from Parkinson’s disease.

'A brilliant, avuncular lawyer', according to a 1991 New York magazine article, Pollack started Centre Partners, based in Manhattan, in 1986. From 1986 to 1998, he also was a managing director at Lazard Freres.

Pollack was a founding general partner at Odyssey Partners from 1982 to 1986, according to a profile on his firm’s website. He was a general partner and vice president of Oppenheimer and vice chairman and co-chief operating officer of United Brands from 1979 to 1981.

To access the complete Bloomberg News article hit the link below:

Lester Pollack, LBO Pioneer From Lazard, Dies at 82

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