Alex Navab, a former executive at the private equity giant KKR and the founder of his own buyout firm, passed away on July 7, 2019, at the age of 53. He was vacationing with his family in Greece when he died.
A Brilliant Career in Private Equity
Navab was born in Iran to a Greek mother and an Iranian father, who was a physician. He fled the country with his family after the 1979 revolution and settled in the US.
He rose through the ranks to become the head of the Americas private equity business, overseeing some of the firm’s most prominent deals, such as the acquisitions of Nielsen, Yellow Pages, and Borden.
However, in 2013, he suffered a health scare when he collapsed during an investor meeting. He was revived by the security team of Roberts, who were trained in CPR.
He left KKR in 2017 and launched his own firm, Navab Capital Partners, with the ambition of raising $3 billion for his debut fund.
A Generous Philanthropist and a Devoted Family Man
Navab was not only a successful businessman, but also a generous philanthropist and a devoted family man. He served as a trustee of Columbia University, and was involved in various charitable causes, such as the Robin Hood Foundation, the NewYork-Presbyterian Hospital, and the Hellenic American Association.
He is survived by his wife, Mary Kathryn, and his three children, Alexander, Christopher, and Nicole.
He will be remembered as a legendary financier, a visionary leader, and a loyal friend. He will be dearly missed by all who knew him.