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H&F collects $24.4bn for tenth fund

Hellman & Friedman has closed its tenth fund at $24.4 billion.

Hellman & Friedman has closed its tenth fund at $24.4 billion. Simpson Thacher & Bartlett LLP served as principal legal advisor to H&F on the fund. Founded in 1984, the private equity firm is based in San Francisco.

PRESS RELEASE

15 July 2021 – San Francisco, California – Hellman & Friedman, a leading private equity investment firm, today announced the final closing of its tenth fund, Hellman & Friedman Capital Partners X (HFCP X), with commitments of $24.4 billion. The fund, H&F’s largest ever, will enable the firm to continue its strategy of targeting large-scale investments in outstanding growth businesses. H&F is making a $1.8 billion GP commitment and is the largest investor in the fund. With strong limited partner support, HFCP X was significantly oversubscribed and reached its hard cap, bringing H&F’s combined assets under management and committed capital to over $80 billion.

“We are pleased to announce the closing of HFCP X and are excited to continue with our highly focused and differentiated strategy that has underpinned more than three decades of success,” said Patrick Healy, Chief Executive Officer of Hellman & Friedman. “Our focus on excellence and growth at scale combined with deep sector expertise, an entrepreneurial culture and a highly collaborative approach position us as the partner of choice for corporations, founders and management teams. We continue to focus on finding the highest-quality businesses where we can take a long-term perspective to help drive strategic insights and deliver industry-leading returns.”

Hellman & Friedman was founded in 1984 and has offices in San Francisco, New York and London. The firm focuses on a single private equity strategy and chooses to further drive focus by building a concentrated portfolio of its best ideas. The firm deploys large scale equity investments in high-quality, growing companies in developed markets, primarily in the U.S. and Europe, across growth-oriented sectors.

“HFCP X represents both our largest fund and the largest commitment from H&F to date, reflecting our deep conviction in the firm’s strategy and strong alignment with our investors,” said Philip Hammarskjold, Executive Chairman of Hellman & Friedman. “We take great pride in the responsibility entrusted to us and are confident in our ability to continue to identify exceptional investment opportunities and partner with world class management teams in building upon our outstanding track record.”

Susanna Daniels, Partner & Head Of Investor Relations at Hellman & Friedman, added: “We are so grateful and honored by the strong support we received from our limited partners, many of whom have invested with us throughout our 35-year history.”

Simpson Thacher & Bartlett LLP served as principal legal advisor to Hellman & Friedman.