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Hellman & Friedman

Medium
San Francisco, United States · Founded 1984 · AUM $107.5 billion · Website
Leveraged BuyoutGrowth CapitalMinority InvestmentsMediaFinancial ServicesProfessional ServicesInformation ServicesSoftwareHealthcareNorth AmericaEuropeAustralia
Last verified
7/7/2026

Firm Overview

16
Portfolio tracked
6
Sectors
3
Regions
7/7/2026
Last verified

Hellman & Friedman is an American private equity firm that specializes in leveraged buyouts and growth capital investments across core service industries.

Founded in 1984 by Warren Hellman and Tully Friedman, Hellman & Friedman (H&F) is a leading private equity firm headquartered in San Francisco. The firm established itself by focusing on large-scale investments in high-quality, growth-oriented businesses, typically avoiding asset-intensive industrial sectors such as manufacturing or transportation. It operates with a global reach, maintaining additional offices in New York and London.

The firm is known for its selective investment strategy, focusing on core industries including financial services, healthcare, software, and professional services. H&F often employs flexible investment structures, including minority stakes and unconventional financing methods. Over its history, the firm has raised eleven flagship private equity funds, with its most recent major fund exceeding $22 billion in 2024, solidifying its rank among the world's largest private equity firms.

Founded1984
HeadquartersSan Francisco, United States
AUM$107.5 billion
Target investmentLarge-cap (deals ranging from $1 billion to over $17 billion)
Employees200+
StrategiesLeveraged Buyout, Growth Capital, Minority Investments
Sector focusMedia, Financial Services, Professional Services, Information Services, Software, Healthcare
Geographic focusNorth America, Europe, Australia

Leadership

Warren Hellman
Founder
Co-founder of Hellman & Friedman and a former investment banker at Lehman Brothers.
Tully Friedman
Founder
Co-founder of the firm and a former managing director at Salomon Brothers.

Notable Investments

DoubleClickNielsen CompanyNasdaqGetty ImagesUltimate SoftwareAthenahealthSimplisafeHub InternationalSplunkAt HomeMehiläinenMultiPlan Inc.

Historical and current deals referenced in public sources.

Portfolio Companies

CompanySectorStatusWebsite
Allfunds Group plc—Exited—
AutoScout24Online automotive marketplaceCurrent—
Baker TillyAdvisory and AccountingCurrent—
Enverus—Exited—
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—
Regina MariaHealthcareCurrent—
SimpliSafe—Exited—
TRADER Corporation (TRADER Canada)Online Automotive MarketplaceCurrent—
Vantage Group Holdings—Exited—

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

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.

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