November 9th, 2014
Hellman & Friedman Closes $10.9 Billion Private Equity Fund
SAN FRANCISCO, Calif.
Hellman & Friedman LLC, a leading private equity investment firm, today announced the final closing of Hellman & Friedman Capital Partners VIII (HFCP VIII), a $10.9 billion fund. Since forming its first partnership in 1987, Hellman & Friedman has raised over $35 billion of committed capital.
“We are pleased to announce the successful closing of our eighth fund,” said Philip Hammarskjold, Chief Executive Officer of Hellman & Friedman. “We are extremely gratified by the enthusiastic support of our limited partners, many of whom have invested with us throughout our 30 year history. We are excited about the opportunities we see for companies at the core of our investment philosophy and look forward to further building on our track record of delivering superior returns to our investors.”
Hellman & Friedman continues to differentiate itself in the large end of the private equity market by maintaining a highly focused strategy. The firm is one of a few large scale direct investment firms exclusively dedicated to private equity through a single product.
Hellman & Friedman adheres to a consistent investment philosophy, incorporating deep sector expertise and strong alignment of interests with both limited partners and management teams to achieve superior results. Through HFCP VIII, the firm will pursue the same disciplined investment approach it has developed over the past 30 years, targeting large-scale equity investments of $300 million to $1 billion in growth companies with strong and defensible market positions primarily in the U.S. and Europe.
“Our focused and differentiated strategy allows us to fully concentrate our resources on finding the highest quality companies and working with their outstanding management teams to accelerate growth,” said Patrick Healy, Deputy Chief Executive Officer of Hellman & Friedman. “We take pride in being the partner of choice for corporations, families and management teams who want to grow their businesses with a dedicated partner with deep industry expertise.”
HFCP VIII was oversubscribed and raised $10.25 billion of capital from limited partners, the hard cap established at the outset of the fundraising process in June. A $500 million GP commitment, as well as additional capital from “friends and family” investors, brings HFCP VIII commitments to $10.9 billion.
Simpson Thacher & Bartlett LLP and Walkers served as legal advisors to Hellman & Friedman.
About Hellman & Friedman
Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. Since its founding in 1984, H&F has raised over $35 billion of committed capital. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including software, internet, digital & traditional media, financial services, business, marketing & information services, energy & industrials and healthcare. For more information on Hellman & Friedman, please visit www.hf.com.
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