Pittsburgh businessman and philanthropist Henry Hillman has died

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PITTSBURGH — Pittsburgh businessman and philanthropist Henry Lea Hillman has died at age 98, according to his family.

Hillman passed away at Shadyside Hospital Friday evening.

Hillman was the husband of the late Elsie Hillman, who was also a well-known civic leader and philanthropist.

PHOTOS: Henry Hillman through the years

RELATED: Civic leader, philanthropist Elsie Hillman dies at 89

In a statement, his daughter, Audrey Hillman Fisher, wrote, “Daddy had such a tremendous life filled by a large family he loved dearly, innumerable friends, and great adventures in business and philanthropy. Mother’s loss so soon after they celebrated their 70th wedding anniversary in 2015 was difficult, but he did what he always did, he kept going and kept our spirits going, too. We’ll miss him so much.”

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Henry Hillman attended Shady Side Academy and graduated from The Taft School and Princeton University. Following his service in World War II, he returned to Pittsburgh, newly married to Elsie.

Hillman transformed the family business from its roots in coke and chemical production into an investment company. Hillman also served as a director of many companies in Pittsburgh and across the country.

“Henry created The Hillman Company as we know it today, having reshaped it from its roots in industrial businesses to diversified investing,” said Joseph Manzinger, president of The Hillman Company. “Although known in Pittsburgh mainly for his generous philanthropy, Henry was respected around the world as a pioneer in private equity and venture capital. Our heartfelt sympathy goes out to the Hillman family as we think about how difficult Henry’s loss must be for them.”

Pittsburgh Mayor Bill Peduto issued the following statement on Hillman's passing:

Allegheny County Executive Rich Fitzgerald also issued a statement:

The Hillman family will receive friends from 3-5 p.m. Thursday at John A. Freyvogel Sons, 4900 Centre Ave., Pittsburgh 15213. A memorial service will be held at 11 a.m. Friday at Calvary Episcopal Church, 315 Shady Ave., Pittsburgh 15206.