Hellman & Friedman closes $10.9bn private equity fund
Hellman & & Friedman LLC, a leading exclusive equity investment company, today announced the final closing of Hellman & & Friedman Resources Allies VIII (HFCP VIII), a $10.9 billion fund.
Because forming its initial collaboration in 1987, Hellman & & Friedman has actually raised over $35 billion of committed funding.
“We are pleased to announce the effective closing of our 8th fund,” stated Philip Hammarskjold, Principal Exec Policeman of Hellman & & Friedman.”We are remarkably gratified by the enthusiastic support of our restricted partners, numerous of whom have invested with us throughout our 30 year history. We are thrilled regarding the opportunities we see for firms at the core of our investment philosophy and also look onward to more building on our track document of delivering exceptional go back to our investors.”
Hellman & & Friedman remains to differentiate itself in the huge end of the personal equity market by maintaining an extremely focused method. The company is just one of a couple of large scale direct investment firms specifically devoted to personal equity with a solitary product.Hellman & Friedman follows a regular investment viewpoint, incorporating deep industry expertise and solid positioning of interests with both restricted companions and administration teams to obtain premium outcomes. Via HFCP VIII, the firm will seek the same disciplined financial investment strategy it has actually established over the past 30 years, targeting massive equity financial investments of $300 million to $1 billion in growth firms with strong and defensible market positions mostly in the U.S. and Europe.”Our concentrated and also separated technique permits us to totally focus our sources on
discovering the finest quality firms and also working with their outstanding administration teams to speed up growth, “stated Patrick Healy, Deputy Ceo of Hellman & Friedman.”We take pride in being the companion of choice for companies, households and also management groups that intend to grow their companies with a dedicated companion with deep industry know-how.” HFCP VIII was oversubscribed and raised$10.25 billion of resources from limited companions, the tough cap set up first of the fundraising process in June. A$500 million General Practitioner commitment, and also added funding from “good friends as well as family members “financiers, brings HFCP VIII dedications to $10.9 billion.Simpson Thacher & Bartlett LLP and Walkers worked as lawful advisors to Hellman & Friedman.