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Hellman & Friedman

North America, California, United States, San Francisco

Description

Hellman & Friedman (H&F) is a distinguished private equity investment firm renowned for its long-term, fundamental value-oriented approach to large-cap buyouts. Established in 1984 and headquartered in San Francisco, with additional offices in London and New York, H&F focuses on acquiring significant equity stakes, typically control positions, in well-established companies with strong market positions and growth potential. The firm's strategy revolves around partnering with experienced management teams to drive operational improvements, strategic initiatives, and sustainable value creation across its portfolio.

H&F's investment philosophy emphasizes deep sector expertise and a patient capital approach, allowing them to support complex transformations and long-term growth trajectories. They primarily target companies in resilient sectors such as software, financial services, healthcare, consumer & retail, industrials, and media. The firm is known for its selective investment process, focusing on a limited number of high-quality businesses where they can apply their strategic and financial acumen to unlock substantial value.

Since its inception, Hellman & Friedman has raised over $90 billion in committed capital across its various funds, underscoring its significant scale and investor confidence. Their most recent flagship fund, Hellman & Friedman Capital Partners XI, closed in 2023 with $14.5 billion in commitments, demonstrating continued strong fundraising capabilities. The firm typically deploys substantial equity checks, often ranging from hundreds of millions to several billions of dollars, reflecting their focus on acquiring large, mature businesses.

The firm's success is built on a disciplined investment process, a strong network, and a commitment to fostering long-term partnerships with the management teams of its portfolio companies. H&F's track record includes numerous successful investments and exits across diverse industries, solidifying its reputation as a leading global private equity firm.

Investor Profile

Hellman & Friedman has backed more than 21 startups, with 3 new investments in the last 12 months alone. The firm has led 8 rounds, about 38% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Bermuda.
  • Strong thematic focus on Software, SaaS, Health Care.
  • Led 1 rounds in the past year.
  • Typical check size: $500M – $5000M.

Stage Focus

  • Private Equity (48%)
  • Series Unknown (24%)
  • Series C (5%)
  • Undisclosed (5%)
  • Post Ipo Equity (5%)
  • Series A (5%)
  • Series B (5%)
  • Secondary Market (5%)

Country Focus

  • United States (67%)
  • Canada (24%)
  • Bermuda (5%)
  • Finland (5%)

Industry Focus

  • Software
  • Saas
  • Health Care
  • Enterprise Software
  • Insurance
  • Finance
  • Wealth Management
  • Information Technology
  • Medical
  • Elder Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Hellman & Friedman frequently co-invest with?

Berkshire Partners
North America, Massachusetts, United States, Boston
Co-Investments: 1
AL
North America, New York, United States, New York
Co-Investments: 1
The Carlyle Group
North America, District of Columbia, United States, Washington
Co-Investments: 2
Mayfield Fund
North America, California, United States, Menlo Park
Co-Investments: 1
August Capital
North America, California, United States, Menlo Park
Co-Investments: 1
Kohlberg Kravis Roberts
North America, New York, United States, Hudson
Co-Investments: 1
Permira
Europe, England, United Kingdom, London
Co-Investments: 2
VC
North America, California, United States, San Francisco
Co-Investments: 2
JMI Equity
North America, Maryland, United States, Baltimore
Co-Investments: 2
Blackstone Group
North America, New York, United States, New York
Co-Investments: 1

What are some of recent deals done by Hellman & Friedman?

Baker Tilly

Chicago, Illinois, United States

Baker Tilly is a full-service consulting, tax, and assurance firm that provides a range of services to clients across various industries.

AccountingFinanceWealth Management
Private EquityJun 5, 2025
Mehilainen

Helsinki, Southern Finland, Finland

Mehilainen is a private healthcare company offering a range of social and healthcare services to public and private customers.

Health CareHospitalMedical
Private EquityApr 1, 2025
TRADER Corporation

Toronto, Ontario, Canada

TRADER Corporation provides online media, dealership software, and lender services

Online PortalsService IndustrySoftware
Private EquityAug 16, 2024
Baker Tilly

Chicago, Illinois, United States

Baker Tilly is a advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions.

AccountingFinanceWealth Management
Private EquityFeb 5, 2024
Amount Raised: $977,627,374
Cortex

Menlo Park, California, United States

Cortex is creating an innovative, totally integrated, all-encompassing platform for assessing and treating atrial fibrillation.

Machine LearningMachinery Manufacturing
Private EquityDec 7, 2023
Amount Raised: $90,000,000
Novata

New York, New York, United States

Novata is an ESG platform built for private markets.

Big DataFinancial ServicesInformation ServicesInformation TechnologySoftware
Series BFeb 28, 2023
Amount Raised: $30,000,000
PointClickCare

Mississauga, Ontario, Canada

PointClickCare develops web-based products and services to help long-term care providers manage the complete lifecycle of resident care.

Elder CareEnterprise SoftwareHealth CareSaaSSoftwareWeb Browsers
Secondary MarketApr 1, 2022
Splunk

San Francisco, California, United States

Splunk is a software company that provides operational intelligence software that monitors, reports, and analyzes real-time machine data.

AnalyticsInformation TechnologyIntelligent SystemsReal Time
Post Ipo EquityMar 4, 2022
Amount Raised: $1,400,000,000
Medline Industries

Mundelein, Illinois, United States

Medline Industries is a medical supply company, manufacturer and distributor.

Consumer GoodsHealth CareHospitalityManufacturingMedical
Private EquityJun 5, 2021
PointClickCare

Mississauga, Ontario, Canada

PointClickCare develops web-based products and services to help long-term care providers manage the complete lifecycle of resident care.

Elder CareEnterprise SoftwareHealth CareSaaSSoftwareWeb Browsers
Private EquityJan 6, 2021