FFL Partners
Private equitySan Francisco · Growth · 2 people tracked
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 Aug 25, 2026.
Team · 2 people
from the firm's website
What they invest in
from 24 of 33 portfolio companiesHealthtech ×18Digital Health ×10Enterprise Software ×4HR Tech ×4SaaS ×4Cybersecurity ×3Future of Work ×3Medical Devices ×3
HQs:United States×11Canada×1
Investments · 33 tracked
founders shown can be your intro pathBy year:2023 · 12015 · 12 dated
New Look Vision Group is a Canadian eye care company operating a network of optical retail brands and offering prescription eyewear, including online purchasing of prescription glasses.
ConsumerHealthtechRetail Tech
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
Financial services- and healthcare-focused IT managed services
Abacus is a managed IT and cybersecurity provider (MSP/MSSP) offering integrated IT operations, multi-cloud management, cybersecurity, and incident response for organizations in the financial services and healthcare industries.
Cloud ComputingCybersecurityEnterprise Software
Office of CFO specialty consulting (exited)
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
AMY AINSWORTH(Executive Officer)LARS JOHANSSON(Executive Officer, Director)ANDREW BULL(Executive Officer)RILEY LYONS(Executive Officer, Director)DAVID BRUNER(Executive Officer)SEAN DONOVAN(Executive Officer, Director)
Ambulatory suite and home infusion therapies
Autism Learning Partners provides Applied Behavior Analysis (ABA) therapy for children with autism and their families, offering early intervention, center-based and home-based ABA, diagnostic services, and speech, occupational, and physical therapy.
Digital HealthHealthtechWellness & Fitness
Community Medical Services operates addiction treatment clinics offering medication-assisted treatment (including methadone), counseling, and peer support for people with opioid use disorder.
Digital HealthHealthtechMental Health
Crisis Prevention Institute (CPI) provides evidence-based de-escalation and crisis intervention training for organizations, using a train-the-trainer model to certify instructors and staff.
EdTechHealthtechSaaS
EyeCare Partners is a medically integrated eye care network that provides optometry and ophthalmology services and supports partner practices with management, technology, and clinical research resources.
HealthtechMedical Devices
Eyemart Express sells prescription eyeglasses and offers lens and frame protection plans, partnering with local optometrists for in-store or nearby eye exam appointments.
ConsumerHealthtechRetail Tech
Co-investorsLeonard Green
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
Janus Pharmacy is a long-term care pharmacy serving mental and behavioral health communities.
Digital HealthHealthtechMental Health
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
Co-investorsPlexus Capital
One Senior Care supports PACE (Program of All-Inclusive Care for the Elderly) programs with administrative services, technology, and expert access so partner programs can focus on caring for seniors.
Digital HealthHealthtechLongevity
Technology staffing and IT outsourcing
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)
Perlman Clinic provides primary care, urgent care, and other medical services for patients through in-person and video visits.
Digital HealthHealthtechWellness & Fitness
ProService Hawaii provides outsourced HR services including payroll, benefits, compliance, HR consulting, and employee training tailored to Hawaii's state tax and regulatory requirements.
HR TechSaaS
Co-investorsKern Capital, LLCSilver Lake Partners
HealthtechSt. Louis, US
Harris Hyman, IV(Executive Officer, Director)Karen M. Prince(Executive Officer, Director)Norman K. Carter, III(Executive Officer, Director)Perry O. Ballard(Executive Officer, Director)Charles E. Edwards, IV(Executive Officer, Director)
Co-investorsFlexpoint Ford
Public safety software (exited)
US Orthopartners (USOP) is an integrated orthopaedic care platform that provides a full continuum of musculoskeletal treatment through a network of physician-owned practices, clinics, and hospitals.
Digital HealthHealthtechMedical Devices
Versant Health is a vision care benefits company that provides eye health management and vision care coverage through commercial third-party, government, and provider network solutions.
Digital HealthHealthtechInsurTech
WellStreet operates urgent care clinics and provides a digital patient experience platform, partnering with health systems to attract new patients and coordinate care across urgent, primary, and specialty settings.
Digital HealthHealthtech
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| FFL Capital Partners IV, L.P.LPs: Washington State Investment Board | 2015 | — | 16.7% | 1.70x | 1.69x |
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 33 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.
- 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 6 tracked co-investors.
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