/Investor DB

FFL Partners

Private equity

San Francisco · Growth · 58 people tracked

Find your way into FFL Partners

Each arrow is one introduction. Sign up to fill in the first one.

893 people can intro you to Jonathon

Ask Tyler Ernst to introduce you to Jonathon Bunt

You →Tyler · together at FFL Partners →Jonathon

602 people can intro you to Vidhur

Ask Jamie Chen to introduce you to Vidhur Kansara

You →Jamie · together at Equitix →Vidhur

4 people can intro you to Rajat

Ask Sam Okafor to introduce you to Rajat Duggal

You →Sam · together at FFL Partners →Rajat

Sign up to find every way you can get introduced to FFL Partners

  • Your email: who you already know at FFL Partners, and who your contacts know
  • 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the FFL Partners team
  • Your LinkedIn: the connections who can make the intro for you

We rank every route by how warm it is, so you raise on warm intros instead of cold emails.

✨ Fox Verdict
Sign up to see your fit

Investment thesis

FFL Partners is a focused private equity firm targeting two fast-growing, synergistic sectors: healthcare and tech-enabled services. It invests in high-quality middle-market businesses, pairing deep industry expertise with operating resources to accelerate growth. The firm operates from a single San Francisco-based team following a single-fund strategy, and reports 29 years of middle-market investing, $7 billion in cumulative capital commitments, and 50 portfolio company partnerships since inception.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
Check
$50M – $200M
HQ
San Francisco, US
Leads rounds
Leads
Instruments
Equity
Founded
1997
AUM
$4.1B
Tracked investments
34

Team · 58 people

from the firm's website & curated
Chris Masto· Co-Founder, Senior Advisorin

Co-founded FFL in 1997 and serves as senior advisor; previously at Bain & Co. and Morgan Stanley.

Spencer Fleischer· Founder, Chairmanin

Co-founded FFL in 1997 and serves as chairman; previously at Morgan Stanley.

Tully Friedman· Founder, Senior Advisor

Founded FFL in 1997 and serves as senior advisor; previously co-founded Hellman & Friedman.

Catherine Chen· Director, IRin

Joined FFL in 2016 and leads investor relations; previously at Goldman Sachs.

Jake Lavan· Vice Presidentin

Joined FFL in 2022 and works across the firm's sectors; previously at Cain Brothers.

Ryan Kellenberger· Vice Presidentin

Joined FFL in 2019 and works across the firm's sectors; previously at Barclays Capital.

Sean Burson· Director

Joined FFL in 2019 and works across the firm's sectors; previously at Bain & Co.

Vincent Song· Vice Presidentin

Joined FFL in 2022 and works across the firm's sectors; previously at Morgan Stanley.

Alice Chau· Senior Controller

Joined FFL in 2005 as senior controller; previously at H&Q Asia Pacific and PricewaterhouseCoopers.

Ankita Inamdar· Associatein

Joined FFL in 2024 and works across the firm's sectors; previously at JP Morgan.

Ann Marie Cooke· Office Manager

Joined FFL in 2001 as office manager; previously at Burson-Marsteller and ING Barings.

Ashley Young· Associatein

Joined FFL in 2025 and works across the firm's sectors; previously at Bank of America.

Brian Yam· Associatein

Joined FFL in 2025 and works across the firm's sectors; previously at Bain & Co.

Christine Chu· Senior Accountant

Joined FFL in 2008 as senior accountant; previously at Financial Freedom Senior Funding.

Hosay Jamili· Executive Assistant

Joined FFL in 2014 as executive assistant; previously at American Well and MacFarlane Partners.

Jonathan Xu· Senior Associatein

Joined FFL in 2023 and works across the firm's sectors; previously at Bain & Co.

Joshua Yue· Senior Associate

Joined FFL in 2023 and works across the firm's sectors; previously at Morgan Stanley.

Kevin Kim· Associatein

Joined FFL in 2024 and works across the firm's sectors; previously at Morgan Stanley.

Nathaniel King· Associatein

Joined FFL in 2025 and works across the firm's sectors; previously at Bank of America.

Pauline Sarmiento· Executive Assistant

Joined FFL in 2005 as executive assistant; previously at Piper Jaffray & Co. and Robertson Stephens.

Regina Growney· Executive Assistant

Joined FFL in 2014 as executive assistant; previously at TPG Growth.

Will King· Associatein

Joined FFL in 2024 and works across the firm's sectors; previously at Cain Brothers.

What they invest in

from 25 of 34 portfolio companies

Healthtech ×18Digital Health ×10Enterprise Software ×7HR Tech ×5Medical Devices ×5SaaS ×5Future of Work ×4Mental Health ×4

HQs:United States×16Canada×1

Investments · 34 tracked

founders shown can be your intro path

By year:2024 · 12023 · 12022 · 12021 · 22015 · 16 dated

Newlookvisionnewlookvision.cain✓ verified

New Look Vision Group is an optical retailer that sells eyewear, ophthalmic lenses, and eyecare services through a portfolio of retail banners across Canada and the United States.

ConsumerHealthtechRetail Tech

Gary Black(Founder and President, Black Optical)Antoine Amiel(President & Chief Executive Officer)inJason Schonfeld(Senior Vice-President and Chief Financial Officer)Sébastien Chailley(Senior Vice-President, Operations & Technology)Éric Babin(President, IRIS The Visual Group)Julie Coffin(General Manager, Luxury Group Canada)

Pioneer HOApioneerhoa.com✓ verified

Pioneer HOA is an HOA property management platform that provides capital, technology, agentic AI, and operational support to HOA management companies, helping owners and operators scale while retaining their local brands and teams.

AI & Machine LearningPropTechSaaS

ProServiceproservice.comin✓ verified

ProService Hawaii provides payroll, employee benefits, HR, and compliance solutions to employers in Hawaii.

Enterprise SoftwareHR TechSaaSKailua-Kona, US

Ben Godsey(President & CEO)in

Co-investorsKern Capital, LLCSilver Lake Partners

Abacustechnologyabacustechnology.comin

Abacus is a global managed IT and cybersecurity provider serving financial services and healthcare organizations in regulated industries.

Cloud ComputingCybersecurityEnterprise SoftwareFintechNew York City, US

Accordionaccordion.comin

Financial consulting and analytics

Co-investorsCharlesbank Capital PartnersMotive Partners

Alkualku.comin𝕏May 2023

ALKU is a staffing and consulting firm that runs a corporate giving-back program focused on youth mentoring and community outreach, primarily in Massachusetts.

Defense TechEnterprise SoftwareFuture of WorkHealthtechHR TechAndover, US

Mark Eldridge(Founder & Chairman)inAMY AINSWORTH(Executive Officer)inLARS JOHANSSON(Executive Officer, Director)inANDREW BULL(Chief Executive Officer & President)inRILEY LYONS(Executive Officer, Director)DAVID BRUNER(Founder & Executive Vice President, Business Development and Government)in

Co-investorsNew Mountain Capital

Apex Ivapex-iv.comin

Apex Infusion is a California-based provider of infusion therapy delivered in private suites, at home, and in physician offices, along with integrated pharmacy services.

Digital HealthHealthtech

Autism Learning Partnersautismlearningpartners.comin𝕏Sep 2021

Autism Learning Partners provides Applied Behavior Analysis (ABA) therapy and clinical treatment services to autistic children and families across multiple states in the United States.

Digital HealthHealthtechMental HealthWellness & FitnessUnited States (multiple states), US

Gina T. Chang(Clinical Leadership)inMelanie(Clinical Leadership)

Community Medical Servicescommunitymedicalservices.orgin𝕏

Community Medical Services operates an opioid treatment program providing medication-assisted treatment, counseling, and peer support for opioid use disorder across 70+ clinics in multiple states.

Digital HealthHealthtechMental HealthWellness & FitnessPhoenix, US

Co-investorsFOW Partners

Crisis Prevention Institutecrisisprevention.comin𝕏

Crisis Prevention Institute provides evidence-based de-escalation and crisis prevention training programs to professionals across service-oriented industries including education, healthcare, behavioral health, human services, and corporate sectors.

EdTechEnterprise SoftwareHealthtechHR TechMental HealthSaaSMilwaukee, US

Eyecare Partnerseyecare-partners.comin

EyeCare Partners operates a network of over 1,000 eye care providers across the United States, offering a full continuum of vision care services including ophthalmology and optometry.

HealthtechMedical Devices

Chris Throckmorton(Chief Executive Officer)inAntonio Capone Jr.(Chief Clinical Officer)in

Co-investorsSterling Partners

Eyemart Expresseyemartexpress.comin𝕏

Eyemart Express operates a network of local optometry and eyewear retail stores, providing vision care and eyeglass sales to consumers in their communities.

ConsumerHealthtechRetail Tech

Co-investorsLeonard Green

Hellopeblhellopebl.comin𝕏

Pebl is an HR platform with an AI assistant called Alfie that answers country-specific benefits questions, surfaces role-based workflow prompts, and stores structured pay and role data to support EU pay transparency requirements.

AI & Machine LearningFintechFuture of WorkHR TechSaaS

Francoise Brougher(Chief Executive Officer)inJames Loftus(Chief Financial Officer)inChien-Liang Chou(Chief Product & Technology Officer)inDutta Satadip(Chief Business Officer)inShawn McIntire(Chief Legal and People Officer)inDoug Pullman(Chief Marketing Officer)in

Co-investorsNorwest Venture Partners

Januspharmacyjanuspharmacy.com

Janus Pharmacy provides customized medication delivery services for healthcare facilities and their patients, handling both routine and urgent prescription fulfillment.

Digital HealthHealthtechLogistics & Supply ChainMedical DevicesMental Health

Jcctjcct.comin𝕏

JCCT is a clinical research organization that conducts hundreds of trials for biotech firms, pharmaceutical companies, and public health organizations.

BiotechHealthtechMedical DevicesLenexa, US

Daniel White(Chief Executive Officer)Vanessa Watson(Chief Operating Officer)inTom Kreamer(Chief Medical Officer)inCarlos Fierro(Chief Scientific Officer)

Medicus ITmedicusit.cominJul 2024

Abacus Healthcare (formerly Medicus IT, now part of Abacus following a 2025 merger with Abacus Group) provides managed IT, cybersecurity, and compliance services for specialty providers and community health organizations.

CybersecurityDigital HealthHealthtech

Chris Jann, MBA, CHPSE(Founder)in

Co-investorsPlexus CapitalBrook Venture Partners

One Senior Careoneseniorcare.com

One Senior Care operates as a PACE (Programs of All-Inclusive Care for the Elderly) provider, delivering comprehensive healthcare and social services to seniors in rural and Appalachian communities.

Digital HealthHealthtechImpact & Social GoodLongevity

Optomioptomi.cominDec 2021

Optomi provides staffing and recruitment services for enterprise platform roles, specializing in placing talent for implementation, maintenance, and enhancement of systems like ServiceNow, Salesforce, Workday, and SAP across business operations.

Enterprise SoftwareFuture of WorkHR Tech

Orthodontic Partnersorthodonticpartners.com

Orthodontic Partners is an orthodontic service organization that partners with orthodontic practices, providing administrative and business support in areas such as accounting, HR, marketing, IT, and reporting, along with a clinical advisory board and shared best practices.

HealthtechMedical Devices

Dr. Jamie Reynolds(Founding Orthodontist)

Co-investorsBPOC

Ovarroovarro.comin𝕏

Ovarro provides monitoring and remote data solutions that help organizations manage and analyze data from critical infrastructure assets.

CleantechEnergyIoT

Co-investorsTDC LLP

Perlman Clinicperlmanclinic.cominApr 2022

Perlman Clinic provides primary care, urgent care, and specialty medical services including mental health, dermatology, and weight management across San Diego and Orange County.

Digital HealthHealthtechWellness & FitnessSan Diego, US

Provalusprovalus.comin𝕏

Provalus delivers managed IT services, business solutions, and professional support services, hiring talent from rural communities across the United States.

CybersecurityEdTechEnterprise SoftwareFuture of WorkImpact & Social GoodSaaS

Us Orthopartnersus-orthopartners.comin

U.S.

Digital HealthHealthtechMedical DevicesAlpharetta, US

Graham Young(Co-Chief Executive Officer)Allen Anderson(Co-Chief Executive Officer)Jessica Oreste(Chief Human Resource Officer)Nan DeTurk(Interim Chief Financial Officer)Louis McIntyre, MD(Chief Quality Officer)

Versant Healthversanthealth.comin

Versant Health manages vision care benefits and provider relationships for health plan members and employers.

Digital HealthHealthtechInsurTech

Meredith Ryan-Reid(Chief Executive Officer)inCarol Andreu(Chief Technology Officer)inTyler Bradshaw(SVP, Strategy and Product)inKim Davis(Chief Financial Officer)inHayley Ellington-Buckles(Chief Compliance and Privacy Officer)Alan Hirschberg(EVP, Network, Clinical Strategy, & Supply Chain)in

Co-investorsCenterbridge Partners, L.P.

Wellstreetwellstreet.com

WellStreet operates urgent care centers through partnerships with health systems and independent networks across the southeastern United States.

Digital HealthEnterprise SoftwareHealthtechAtlanta, US

Lisa Mikkelsen(Chief Executive Officer)inMichael Duchynski(Chief Medical Officer)inJimmy Karvelas(Chief Financial Officer)inSara Mylenek(Chief Partnership Officer)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AbacusApex InfusionGuardian Home CareJanus RXJohnson County Clin-TrialsOptomi Professional ServicesPeblSummit Behavioral HealthcareTriTech Software Systems

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
FFL Capital Partners IV, L.P.LPs: Washington State Investment Board2015—16.7%1.70x1.69x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has FFL Partners made?
FFL Partners has 34 tracked investments.
What stage does FFL Partners invest at?
FFL Partners invests at the Growth stage.
What is FFL Partners's typical check size?
FFL Partners typically writes checks of $50M – $200M.
What sectors does FFL Partners focus on?
FFL Partners focuses on Digital Health, Healthtech, Medical Devices.
Where is FFL Partners located?
FFL Partners is headquartered in San Francisco, US.
Does FFL Partners lead rounds?
Yes, FFL Partners leads investment rounds.
Who does FFL Partners co-invest with?
FFL Partners most often shares deals with Kern Capital, LLC, Leonard Green, Norwest Venture Partners, among 7 tracked co-investors.

Images

FFL Partners photo

Similar investors

Featured in lists