The article from The New York Times reports on the passing of Thomas H. Lee, a prominent private equity investor and founder of the private equity firm Thomas H. Lee Partners. Lee, who was 68 years old, passed away on Wednesday, February 22nd, 2023.

Lee was a well-known figure in the world of private equity and was widely regarded as a pioneer in the industry. He founded his firm in 1974 and went on to oversee some of the most successful leveraged buyouts of the 1980s, including the $6.6 billion buyout of Snapple in 1987.

Despite his successes, Lee was not without controversy. He faced criticism for the role his firm played in the 2008 financial crisis, particularly with its acquisition of the radio conglomerate Clear Channel Communications.

The passing of Lee is seen as a significant loss for the private equity industry. He was known for his innovative approach to investing and his commitment to building strong partnerships with management teams. His legacy is likely to continue to be felt in the industry for years to come.

Overall, the article is a concise and informative tribute to a prominent figure in the world of private equity. It highlights both Lee's achievements and his controversies, giving a balanced view of his career.