PE Firm · Capital Allocator

Hellman & Friedman

Medium
San Francisco, United States · Founded 1984 · AUM $107.5 billion · Website
Leveraged BuyoutGrowth CapitalMediaFinancial ServicesProfessional ServicesInformation ServicesHealthcare TechnologySoftwareNorth AmericaEuropeAustralia
Last verified
10/6/2026

Firm Overview

19
Portfolio tracked
6
Sectors
3
Regions
10/6/2026
Last verified

Hellman & Friedman (H&F) is a leading American private equity firm that specializes in leveraged buyouts and growth capital investments across core service-oriented sectors.

Founded in 1984 by Warren Hellman and Tully Friedman, Hellman & Friedman (H&F) is one of the world's most established private equity firms. The firm focuses on large-scale investments in high-quality, growth-oriented businesses, typically avoiding asset-intensive industries such as manufacturing, chemicals, or transportation in favor of service-based sectors.

H&F is known for its concentrated investment strategy, often making significant minority or majority investments in companies within its core target industries. The firm operates out of offices in San Francisco, New York, and London, and consistently ranks among the largest private equity firms globally by total capital raised. Notable recent activities include multi-billion dollar acquisitions in the healthcare technology and software sectors, such as Athenahealth and Ultimate Software.

Founded1984
HeadquartersSan Francisco, United States
AUM$107.5 billion
Target investmentTypically multi-billion dollar transactions (e.g., $1.1B to $17B+ deal values)
Employees200+
StrategiesLeveraged Buyout, Growth Capital
Sector focusMedia, Financial Services, Professional Services, Information Services, Healthcare Technology, Software
Geographic focusNorth America, Europe, Australia

Leadership

Warren Hellman
Founder
Founder of H&F and a former investment banker at Lehman Brothers, he was also a founding partner of the venture capital firm Matrix Partners.
Tully Friedman
Founder
Founder of H&F and a former managing director at Salomon Brothers who later founded Friedman Fleischer & Lowe.

Notable Investments

AthenahealthAutoScout24DoubleClickGetty ImagesGCM GrosvenorHub InternationalNielsen CompanyNasdaqPPDSimpliSafeSplunkUKGUltimate Software

Historical and current deals referenced in public sources.

Portfolio Companies

CompanySectorStatusWebsite
Allfunds Group plc—Exited—
AutoScout24Online automotive marketplaceCurrent—
Baker TillyAdvisory and AccountingCurrent—
Enverus—Exited—
Fractional AIAI ServicesCurrent—
Genesys—Current—
HUB International LimitedInsurance brokerage and financial servicesCurrent—
Hub International Limited (HUB)Insurance Brokerage & Financial ServicesCurrent—
Hyve Group—Current—
MediGroupHealthcareCurrent—
MedlineHealthcareExited—
MehiläinenHealthcare and social careCurrent—
Moss AdamsAdvisory and AccountingCurrent—
OdeEnterprise AI ServicesCurrent—
Ode with AnthropicEnterprise AI ServicesCurrent—
Regina MariaHealthcareCurrent—
SimpliSafe—Exited—
TRADER Corporation (TRADER Canada)Online Automotive MarketplaceCurrent—
Vantage Group Holdings—Exited—

Source: https://www.hf.com/portfolio

Portfolio Web Readiness

Not yet assessed

The assessment covers whether AI crawlers and search engines can reach and parse the public site, page performance, transport and security hygiene, and discoverability.

Observational measurements of these companies' public websites only. Not a rating of the companies, their performance, their management, or their investment merit. Not investment advice. Request a correction or removal via Submit Update.

Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Hellman & Friedman and does not provide investment advice.

More PE firms in Media

Browse the full PE firms directory.