Warburg Pincus Returns to Edelman Financial Engines The recapitalization values Edelman at $7.3 billion, and brings Warburg Pincus' Michael Martin back to the firm as a minority shareholder. Edelman Financial Engines tapped private equity giant Warburg Pincus in a recapitalization that values the investment advisory firm at $7.3 billion, according to an announcement earlier this week. The valuation is a boon for private equity investor Hellman & Friedman, which merged Edelman Financial Services, Ric Edelman’s registered investment advisory firm, with Financial Engines, the tech-focused corporate retirement plan advisor, in a 2018 deal that valued the combined entity at $4.5 billion at the time, according to insiders.