Warburg Pincus LLC said Scott Arenare, who joined the private-equity firm as general counsel in 1998, is leaving for a new business opportunity.
Robert Knauss, previously a partner at Munger Tolles & Olson LLP in Los Angeles, will replace Arenare and oversee the firm’s legal and regulatory matters, according to a statement today from New York-based Warburg Pincus, which didn’t give details on Arenare’s new job. Arenare was a member of Warburg Pincus’s executive-management group, focusing on legal, regulatory and compliance matters, according to a biography on the firm’s website.
Arenare’s tenure “spanned both the strong growth of our firm globally and an era of great change in the private-equity business,” Chip Kaye, Warburg Pincus’s co-chief executive officer, said in the statement.
Warburg Pincus, founded in 1966, oversees about $35 billion in assets and owns stakes in more than 125 companies. Kewsong Lee, a veteran deal maker who had been at Warburg for 21 years, was hired earlier this week as deputy chief investment officer at Carlyle Group LP (CG:US), where he will report to co-founder Bill Conway.
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