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Teddy Forstmann, Private Equity Pioneer, Dies of Brain Cancer

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Ted Forstmann, the billionaire private equity investor and philanthropist, died on Sunday due to complications from brain cancer, according to a report by The Wall Street Journal. He was 71. Although Forstmann was brought up in a wealthy Greenwich, CT family, “as an heir to one of the nation’s biggest textile dynasties” and graduated from [...]

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