Peter Loftus, for Dow/WSJ, reports that Fred Hassan will advise the private equity firm -- in what Hassan calls "generalist" matters -- on behalf of clients. Okay. Check that.
. . . .Hassan told Dow Jones Newswires he would advise the firm on deals in a variety of industries. "I'm seen as a generalist," he said. . . .
Why did he say that? Well, because -- as you can readily see, Warburg Pincus' single largest investing sector is health-care, nearly double its next largest sector (click to enlarge):
And, of course, although the announcement places him in Warburg's Healthcare Group, Fred cannot advise on any Merck-competitive situations involving more than $10 million in annual revenue -- for a year -- if he wants to keep his perhaps $178 million in 'chutes. And he does. I guarantee it.