Technology Investory Larry Lenihan Gives $1.25 million to Pratt School of Engineering

DURHAM, N.C. - Alumnus Lawrence D. Lenihan Jr., managing director of a technology and healthcare investment company, is giving $1.25 million to Duke University's Pratt School of Engineering for a special laboratory where undergraduates can brainstorm, design and develop innovative projects.

To be named the Lawrence D. Lenihan Jr. Learning Center, the lab will occupy more than 3,000 square feet in a new two-wing engineering building, tentatively named the Center for Interdisciplinary Engineering, Medical and Applied Sciences. Groundbreaking is set for April 27 and the building is scheduled to be completed in the second half of 2004.

"The learning center will be an important element in Pratt's expansion of teaching facilities and will allow us to enhance the individualized learning experience for each engineering undergraduate," Duke President Nannerl O. Keohane said in announcing the gift Monday. "We thank Larry Lenihan for his generosity and for his vision in supporting our efforts to prepare Pratt students for technological leadership in the nation and world."

Lenihan, a member of the school's Board of Visitors, also is supporting a scholarship program for under-represented minorities who live in New York City.

Lenihan graduated from Duke in 1987 with a degree in electrical engineering. He began his career with IBM where he held positions in sales and product development. While at IBM, Lenihan earned an MBA from the Wharton School of Business at the University of Pennsylvania.

In 1993, he joined Broadview Associates, a technology-oriented merchant banking firm. In 1996, Lenihan joined Pequot Capital Management Inc., to co-found its venture business. The company focuses on early-stage start-ups and growth-stage companies in technology, telecommunications and healthcare. He is one of nine partners in the firm, which is based in Westport, Conn., and is managing director and co-head of the company's six venture funds.