Hellman & Friedman
MediumFirm Overview
Hellman & Friedman (H&F) is a leading American private equity firm that specializes in leveraged buyouts and growth capital investments across core target industries.
Founded in 1984 by Warren Hellman and Tully Friedman, Hellman & Friedman (H&F) is a San Francisco-based private equity firm that has established itself as one of the largest in the world. The firm's founders brought extensive experience from major investment banks like Lehman Brothers and Salomon Brothers, shaping a strategy that prioritizes high-quality, large-scale investments.
The firm focuses its efforts on core industries including media, financial services, professional services, and information services, intentionally avoiding asset-intensive sectors such as manufacturing and chemicals. H&F is known for its flexible investment approach, often making minority investments with limited controls and employing unconventional financing structures to close large deals.
In recent years, H&F has raised significant capital, including a $24.4 billion fund in 2021 and a $22.3 billion fund in 2024. Notable recent activity includes major acquisitions such as Ultimate Software, Athenahealth, and stakes in software firms like Splunk, as well as supporting significant mergers in the professional services and healthcare sectors across the U.S. and Europe.
Leadership
Notable Investments
Historical and current deals referenced in public sources.
Portfolio Companies
| Company | Sector | Status | Website |
|---|---|---|---|
| Allfunds Group plc | — | Exited | — |
| AutoScout24 | Online automotive marketplace | Current | — |
| Baker Tilly | Advisory and Accounting | Current | — |
| Enverus | — | Exited | — |
| Fractional AI | AI Services | Current | — |
| Genesys | — | Current | — |
| HUB International Limited | Insurance brokerage and financial services | Current | — |
| Hub International Limited (HUB) | Insurance Brokerage & Financial Services | Current | — |
| Hyve Group | — | Current | — |
| MediGroup | Healthcare | Current | — |
| Medline | Healthcare | Exited | — |
| Mehiläinen | Healthcare and social care | Current | — |
| Moss Adams | Advisory and Accounting | Current | — |
| Ode | Enterprise AI Services | Current | — |
| Ode with Anthropic | Enterprise AI Services | Current | — |
| Regina Maria | Healthcare | Current | — |
| SimpliSafe | — | Exited | — |
| TRADER Corporation (TRADER Canada) | Online Automotive Marketplace | Current | — |
| Vantage Group Holdings | — | Exited | — |
Source: https://www.hf.com/portfolio
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Sources
- Wikipedia Wikipedia/Wikidata · public reference
- Firm website Firm website · primary public source
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