Hellman & Friedman has held a final closing of Hellman & Friedman Capital Partners VIII (HFCP VIII) at $10.9 billion. 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 general partner commitment, as well as additional capital from “friends and family” investors, brings HFCP VIII commitments to $10.9 billion.
“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 invests from $300 million to $1 billion in companies across a range of industries including energy & industrials, software, business & marketing services, internet & digital media, financial services, insurance, media, and healthcare. Founded in 1984, the firm has raised and managed over $25 billion of committed capital and invested in over 60 companies. Since forming its first partnership in 1987, Hellman & Friedman has raised over $35 billion of committed capital. The firm is based in San Francisco with additional offices in London and New York (www.hf.com).
According to Hellman & Friedman, the firm has been successful at differentiating 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. “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.”
2014 PEPD • Private Equity’s Leading News Magazine • 11-10-14
