/Investors

Hellman & Friedman

Private equityoperating company · company profile

San Francisco · Growth–Late Stage · 100 people tracked

Find your way into Hellman & Friedman

362 people in our graph share verified history with the Hellman & Friedman team — schools, employers, funds. One of them is your warm intro.

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Investment thesis

H&F pursues a disciplined investment approach focused on acquiring distinctive, market-leading companies where the firm can apply its substantial operational expertise and experience. The firm invests heavily in the growth of its portfolio businesses and partners with differentiated management teams to navigate complex market dynamics, particularly in software, healthcare, financial services, consumer and retail, and business services.

Source: firm website, verified Sep 29, 2026.

Stage
Growth–Late Stage
HQ
San Francisco, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
1992
Last 12 months
1 investment
AUM
$110.4B
Tracked investments
85
Unicorns
3
IPOs
2
Acquisitions
3

Team · 100 people

from the firm's website & curated
Daniel Hong· Principalin

Joined H&F in 2019 and rejoined in 2024. Previously in the M&A group at Morgan Stanley.

Joonas Kahkonen· Principalin

Joined H&F in 2020. Previously a management consultant at McKinsey & Company in Helsinki.

Baylor McCrary· Associatein

Joined H&F in 2025. Previously an associate in The Riverside Company's MicroCap Fund.

Cait Ransom· Associate, Capital Markets

Joined H&F in 2024. Previously an associate in JP Morgan's Leveraged Finance Syndicate Group.

Connor Murphy· Associatein

Joined H&F in 2025. Previously an investment banking analyst in Morgan Stanley's M&A Group.

Elias Ketonen· Associatein

Joined H&F in 2025. Previously a management consultant at McKinsey & Company in Stockholm.

Jack Rogers· Associate

Joined H&F in 2026. Previously in Boston Consulting Group's Private Equity team in London.

Jake Bennett· Associate

Joined H&F in 2026. Previously a management consultant at Bain & Company in New York.

Katherine Chacon· Associatein

Joined H&F in 2025. Previously an analyst in the Merchant Bank at BDT & MSD in Chicago.

Max Martin· Associate

Joined H&F in 2026. Previously a private equity analyst at Sumeru Equity Partners.

Philipp Schellhaas· Associatein

Joined H&F in 2025. Previously an Engagement Manager in McKinsey's Private Equity and TMT groups.

Sierra Madden· Associate, Operating Team

Joined H&F in 2024. Previously a senior associate in KPMG's Financial Due Diligence Group.

Founder mafia

4 people who came through Hellman & Friedman went on to found or lead other companies.

What they invest in

from 37 of 85 portfolio companies

SaaS ×15AI & Machine Learning ×11Enterprise Software ×10Fintech ×7Data & Infrastructure ×5Healthtech ×5InsurTech ×5Consumer ×4

HQs:United States×10Germany×3Canada×1Denmark×1Finland×1United Kingdom×1

Investments · 85 tracked

founders shown can be your intro path

By year:2026 · 12023 · 12020 · 12018 · 12016 · 26 dated

Blackbaudblackbaud.comin𝕏NASDAQ: BLKB

Blackbaud provides cloud software for social impact organizations — including nonprofits, schools, foundations, and companies — covering fundraising, financial management, grantmaking, corporate giving programs, and school administration.

AI & Machine LearningImpact & Social GoodSaaS

Mike Gianoni(President, CEO and Vice Chairman of the Board of Directors)inChad Anderson(Executive Vice President and Chief Financial Officer)inMargaret Driscoll(Chief People and Culture Officer)inDavid Benjamin(Executive Vice President and Chief Commercial Officer)inKevin Gregoire(Executive Vice President and Chief Operating Officer)inKevin McDearis(Executive Vice President and Chief Technology Officer)in

Co-investorsJMI EquityRock River Capital PartnersBasis Set VenturesBlack Sheep CapitalBlueprint Equity

Sprinklr, Inc.sprinklr.comin𝕏NYSE: CXMSep 2020 · $200M

Sprinklr provides an AI-native customer experience platform that manages feedback, customer interactions, and contact center operations across multiple channels.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSNew York, US

Ragy Thomas(Executive Officer, Director)inMurali Swaminathan(Executive Officer, Director)inChristopher Lynch(Executive Officer)Carlos Dominguez(Director)inRory Read(President and Chief Executive Officer)in

BoardCarey Lai(Director)in

Co-investorsAzure Capital PartnersBattery VenturesConductive VenturesICONIQJC2 VenturesOregon Venture Fund+5 more

Actionnetworkactionnetwork.comAcquired

US sports betting media and app company offering odds, picks, analysis and bet tracking; owned by Better Collective since 2021.

Co-investors3i GroupRSE VenturesThe Chernin Group (TCG Crypto)

Applied Systemsappliedsystems.comin𝕏

Applied Systems provides agency management systems and digital solutions for independent insurance brokerages and agencies, delivering end-to-end insurance workflow automation from prospecting through renewals and back-office operations.

AI & Machine LearningInsurTechSaaS

Co-investorsCapitalGJMI EquityVista Equity Partners

Arch Capital Grouparchgroup.com

Arch Capital Group is a global provider of specialty insurance, reinsurance, and mortgage insurance solutions, serving clients across a range of industries worldwide.

FintechInsurTech

Associated Materials Incorporatedassociatedmaterials.com

Associated Materials operates a portfolio of businesses and highlights its team and core values, with a focus on recruiting and careers.

Advanced Manufacturing

AutoScout24autoscout24.com

AutoScout24 is an online marketplace for buying and selling used and new vehicles, connecting private buyers and dealers across Europe.

E-commerceMarketplacesMobility & Transportation

Axel Springer AGaxelspringer.com

Germany's largest newspaper publisher.

Berlin, DE

Belronbelron.comJun 2018

Belron is a global vehicle glass repair, replacement, and recalibration company operating in 42 countries through brands such as Safelite, Carglass, and Autoglass.

Mobility & TransportationL-1724 Luxembourg

Gary Lubner(Director)inDavid Meller(Executive Officer)

BoardChristian Rochat(Director)Arnaud Laviolette(Director)Francis Deprez(Director)Axel Miller(Director)

Checkmarxcheckmarx.comin𝕏

Checkmarx provides an application security (AppSec) platform that integrates into the software development lifecycle via developer-friendly APIs to embed security from development through deployment.

CybersecurityDeveloper ToolsEnterprise SoftwareGovTechSaaSParamus, US

Co-investorsInsight PartnersXT Venture Capital

Circanacircana.comin

Circana provides predictive analytics, data, and AI technology to consumer packaged goods companies, manufacturers, and retailers to measure market share, understand consumer behavior, and accelerate growth.

AI & Machine LearningData & InfrastructureRetail Tech

John Malec(Founder)Gerry Eskin(Founder)Henry Brenner(Founder)

Co-investorsTaste Tomorrow Ventures

Claritev Corporationclaritev.com

Claritev provides AI-enabled healthcare data analytics and payment integrity solutions that help organizations reduce costs, improve payment accuracy, and increase price transparency.

AI & Machine LearningData & InfrastructureHealthtech

Jerry Hogge(Chief Operating Officer)

DoubleClickdoubleclickbygoogle.com

Provider of technology and data solutions for advertising; sold to Google in 2008.

David Rosenblattin

Co-investorsCanaan PartnersJMI EquityScOp Venture CapitalSilver Lake Partners

Edelman Financial Enginesedelmanfinancialengines.comin𝕏Jun 2026

Edelman Financial Engines is an independent financial advisory firm providing fiduciary financial planning, investment management, insurance guidance, tax strategy, and estate/legacy planning to individual wealth and workplace retirement clients.

FintechFairfax, US

Fredric Edelman(Director of the GP)Ralph Haberli(Executive Officer of the Issuer)inRobert Blakley(Executive Officer of the Issuer)inLawrence Raffone(Director of the GP)Lewis Antone(Executive Officer of the Issuer)

BoardFred Jackson(Director of the GP)

Co-investorsGlynn Capital ManagementNew Enterprise Associates (NEA)Warburg Pincus

Ellucianellucian.comin𝕏

Ellucian provides an AI-native cloud platform for higher education institutions, covering the student lifecycle alongside human capital management and finance.

Cloud ComputingEdTechSaaS

Co-investorsJMI EquityLeonard GreenLumos Capital GroupPHX VenturesTeamworthy VenturesVista Equity Partners

Enverusenverus.comin𝕏

Enverus provides a mineral rights management and oil and gas investment platform for tracking wells, revenue, and mineral assets across portfolios.

Data & InfrastructureEnergyFintechSaaS

Manuj Nikhanjin

Co-investorsAccel-KKRCross Creek AdvisorsGenstarInsight PartnersLighthouse Network Ventures Llc

Financial Enginesfinancialengines.comin𝕏Feb 2016

Edelman Financial Engines provides financial planning and wealth management services to individual and workplace retirement clients, including investment management, retirement and income planning, insurance review, tax strategy, and estate planning.

FintechSunnyvale, US

Joseph A. Grundfest(Director)Lawerence M. Raffone(Executive Officer, Director)Raymond J. Sims(Executive Officer)in

BoardPaul G. Koontz(Executive Officer)Robert A. Huret(Director)Michael E. Martin(Director)

Co-investorsFTV CapitalW Capital Partners

Getty Images, Inc.gettyimages.com

Getty Images is a stock media provider offering royalty-free and exclusive photos, videos, illustrations, vectors, and music, along with editorial coverage of news, sports, and entertainment for creative and commercial use.

AI & Machine LearningCreator EconomyMedia & Entertainment

Global Music Rightsglobalmusicrights.com

Global Music Rights is a performing rights organization that manages a catalog of over 134,000 musical works on behalf of songwriters.

Media & Entertainment

Hyve Grouphyve.groupin𝕏

Hyve Group is a portfolio company operator that manages multiple specialized brands and ventures across technology, commerce, and sector-specific markets.

B2B MarketplacesCreator EconomyEnterprise SoftwareMarketing TechMedia & EntertainmentSector Agnostic

Mark Shashoua(Chief Executive Officer)in

Co-investorsSearchlight Capital Partners

Intergraphintergraph.com

Intergraph, operating under the Octave platform, provides software for the full lifecycle of large industrial projects, from design and engineering through decades of operation, asset management, and public safety.

Advanced ManufacturingEnterprise SoftwareSaaS

Co-investorsJMI Equity

Internet Brandsinternetbrands.com

Internet Brands is a digital holding company that builds and operates a portfolio of branded websites and services across large vertical markets including auto, home, travel, and related consumer categories.

B2B MarketplacesConsumerMarketplaces

Co-investorsBattery VenturesIdealabJMI EquitySaints CapitalWarburg Pincus

Mehiläinenmehilainengroup.com

Mehiläinen Group is a private provider of health and social care services — including outpatient and specialist care, dental, therapy, occupational healthcare, elderly care, mental rehabilitation, disability care and child welfare — with operations in Finland, Lithuania, Sweden, Estonia, Germany, Romania and Serbia.

Digital HealthHealthtechWellness & Fitness

Mitchell Internationalmitchell.comin

Mitchell provides cloud-based software, diagnostic tools and data services for managing auto insurance claims and collision repairs.

InsurTechMobility & TransportationSaaSSan Diego, US

Glenn Mitchell(Founder)Debbie Day(Executive Vice President & General Manager)inOlivier Baudoux(Senior Vice President, Global Product Strategy & Artificial Intelligence)inScott Kozak(Senior Vice President, Client Services)inJack Rozint(Senior Vice President, Repair Sales)inTom Martin(Senior Vice President, Service Operations)in

Co-investorsJMI Equity

Nets A/Snets.eu

Nets provides digital payment solutions for consumers, businesses, and financial institutions, including card processing and payment infrastructure across the Nordic and Baltic regions.

Enterprise SoftwareFintechSaaSBallerup, DK

Nexinexigroup.com

Nexi is a European paytech company that provides digital payment solutions for enterprises, small businesses, merchants, banks, financial institutions, and the public sector, spanning in-store, e-commerce, and remote payments as well as card issuing and open banking.

Enterprise SoftwareFintechSaaS

Pointclickcarepointclickcare.comin𝕏May 2016

PointClickCare provides a cloud-based healthcare software platform with AI-driven tools for care coordination, point-of-care documentation, medication management, and predictive analytics.

AI & Machine LearningHealthtechSaaSMississauga, CA

Dave Wessinger(Executive Officer, Director)inMike Wessinger(Co-Founder)inPAUL RYBECKY(Executive Officer)inEDWARD ROSHITSH(Executive Officer)Nicolette Turner(Chief Financial Officer)inDavid Pessis(Chief Product and Technology Officer)in

Co-investorsJMI EquityPeterson Ventures

ProSiebenSat.1 Media AGprosiebensat1.com

ProSiebenSat.1 is a German media company operating television broadcasting, streaming, and advertising businesses, including the Joyn streaming service and the Seven.One Media advertising unit.

AdTechMedia & Entertainment

Regina Mariareginamaria.roin

Regina Maria is a private healthcare network in Romania operating hospitals, maternity centers, and polyclinics, offering consultations, medical analyses, and imaging services.

Digital HealthHealthtechBucharest, RO

Co-investorsMid Europa Partners

Sedgwicksedgwick.comin𝕏

Sedgwick provides product recall management and incident response services across 150 countries, leveraging three decades of experience to help manufacturers navigate product safety crises through planning, customer notification, logistics, and remediation.

AI & Machine LearningEnterprise SoftwareGovTechInsurTechLegalTechLogistics & Supply ChainSaaSMemphis, US

Jason P. Hood(Executive Vice President, Chief Legal Officer and Secretary)inSteven E. Penman(Executive Vice President and Chief Operating Officer)David A. North, Jr.(President, Chief Executive Officer and Director)Henry Lyons(Director)inTerri Browne(Executive Officer)inRobert Peterson(Executive Officer)

Co-investorsACE & CompanyAltas PartnersStone Point

SimpliSafesimplisafe.com

SimpliSafe provides whole-home security systems paired with 24/7 professional monitoring for residential customers.

ConsumerHardwareIoT

Snap Onesnapav.com

SnapAV supplies audio, video, networking, surveillance, power, and control products for professional custom installers working on residential and commercial AV projects.

B2B MarketplacesE-commerceHardware

Co-investorsGeneral Atlantic

Splunksplunk.comin𝕏Acquired

Splunk offers a unified platform for security and observability that ingests and analyzes large-scale data across hybrid cloud environments.

Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSan Francisco, US

Michael Baum(Founder)inRob Das(Founder)in

Co-investorsAkkadian VenturesAugust CapitalBattery VenturesCRV (Charles River Ventures)JK&B CapitalKin Ventures+5 more

TeamSystemteamsystem.cominMay 2023

TeamSystem is an Italian software company providing management and accounting software for businesses and professionals.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsCapitalGPalamon Capital PartnersSilver Lake Partners

Verisureverisure.com

Verisure provides professionally monitored home and small-business security services, combining alarm systems and 24/7 human monitoring that detects, verifies, and responds to intrusions.

ConsumerHardwareIoT

Vertaforevertafore.comin𝕏

Vertafore builds insurance software with embedded, agentic AI to automate repetitive work and support decision-making within insurance workflows.

AI & Machine LearningInsurTechSaaS

Co-investorsInsight PartnersJMI EquityVista Equity Partners

Woodmacwoodmac.comin𝕏

Wood Mackenzie provides data, analytics, and insights to the energy, chemicals, metals & mining, and power & renewables industries.

Climate TechData & InfrastructureEnergyNew MaterialsEdinburgh, GB

Jason Liu(Chief Executive Officer)inGaret Guthrie(Executive Vice President, Chief Financial Officer)Danny Dunn(Chief Commercial Officer)Eilish Henson(Executive Vice President, Head of Human Resources)inSimon Flowers(Chairman, Chief Analyst)inValerie Purvis(Executive Vice President, Head of Commodities)in

Co-investorsVeritas CapitalCharterhouse Capital Partners

Zendeskzendesk.comin𝕏

This is Zendesk's internal belonging/diversity and inclusion program page, not a company profile page for an external company.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Alexander Aghassipour(Co-founder)inMikkel Svane(Co-founder)inMorten Primdahl(Co-founder)inTom Eggemeier(Chief Executive Officer)in

BoardPeter Fenton(Benchmark Series B investor and former board member)in

Co-investorsBright Pixel CapitalCRV (Charles River Ventures)Felicis VenturesGeek VenturesGoldman SachsGolub Growth+13 more

Zoopluszooplus.de

zooplus is an online retailer of pet food and supplies for dogs, cats, birds, rodents, horses, and fish.

ConsumerE-commerce

Co-investorsActon CapitalSTS Ventures GmbHEQT

Other

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

ABRA Auto Body & GlassActivant Solutions, Inc.Advanstar CommunicationsAlixPartners, LLPArtisan Partners Asset Management Inc.At HomeathenahealthBaker TillyCaliber CollisionCarProof CorporationCatalina Marketing CorporationChange HealthcareCordisCurriculum AssociatesDigitas, Inc.Eller Media Company, Inc.Formula One Holdings LimitedFranklin Resources, Inc.Gartmore Investment Management LimitedGenesysGeoVera Insurance Group Holdings, Ltd.Goodman Global, Inc.Grocery Outlet, Inc.Grosvenor Capital ManagementHUB International LimitedIRIS Software Group LimitedLPL Financial Holdings, Inc.MedlineMondrian Investment Partners Ltd.Nasdaq Stock Market LLCOdeOde with AnthropicOpenLink International Holdings, Inc.PARIS RE Holdings LimitedPharmaceutical Product Development, LLCRenaissance Learning, Inc.Safe-GuardScout24 Holding GmbHSheridan Holdings, Inc.SSP Holdings plcTexas Genco LLCUKG (Ultimate Kronos Group)Vantage Group Holdings Ltd.Web Reservations International Ltd.Well DotYoung & Rubicam Inc.

Exits · 5

2 IPOs · 3 acquisitions · showing 2

BlackbaudNASDAQ: BLKBSprinklr, Inc.NYSE: CXM

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 18

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
H&F Spock 1, L.P.LPs: Los Angeles County Employees Retirement Association, New Mexico Public Employees Retirement Association, Los Angeles City Employees' Retirement System2024—-12.9%0.81x0.00x
Hellman & Friedman Capital Partners XI, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +11 more2022——0.00x0.00x
H&F Samson Brunello 1, L.P.LPs: New Mexico Public Employees Retirement Association2021——3.63x1.02x
Hellman & Friedman Capital Partners X, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, Empire State Development – New York Ventures +18 more2021—5.5%1.16x0.15x
Hellman & Friedman Partners XLPs: California State Teachers' Retirement System2021—6.0%1.16x0.14x
H&F Arrow 1LPs: New Mexico Public Employees Retirement Association, Los Angeles City Employees' Retirement System2020——2.64x0.00x
H&F Samson Hockey 1, L.P.LPs: New Mexico Public Employees Retirement Association2020——2.68x1.00x
H&F Samson Hockey 1, LP (Hub)LPs: California State Teachers' Retirement System2020—33.7%2.66x1.00x
H&F Samson Shield 1, L.P.LPs: New Mexico Public Employees Retirement Association2020——1.56x0.19x
Hellman & Friedman Capital Partners IXLPs: Washington State Investment Board, California Public Employees' Retirement System, California State Teachers' Retirement System +12 more2019—13.1%1.68x0.19x
Hellman & Friedman Capital Partners IX PELPs: Maine Public Employees Retirement System2018—34.6%1.27x0.00x
Hellman & Friedman Investors IX, L.P.LPs: Minnesota State Board of Investment2018—13.4%1.77x0.21x
Hellman & Friedman Capital Partners VIIILPs: Washington State Investment Board, California Public Employees' Retirement System, Empire State Development – New York Ventures +9 more2016—10.4%1.70x0.74x
Hellman & Friedman Capital Partners VIII PELPs: Maine Public Employees Retirement System2014—25.4%1.95x0.29x
Hellman & Friedman Capital Partners VIILPs: Washington State Investment Board, California Public Employees' Retirement System, Empire State Development – New York Ventures +10 more2011—24.8%3.31x3.24x
Hellman & Friedman Capital Partners VII PELPs: Maine Public Employees Retirement System2009—25.1%2.60x2.22x
Hellman & Friedman Capital Partners VI LPLPs: California Public Employees' Retirement System, Washington State Investment Board, California State Teachers' Retirement System +4 more2007—12.9%1.80x1.80x
Hellman & Friedman Capital Partners V LPLPs: California Public Employees' Retirement System, Washington State Investment Board, Florida State Board of Administration +2 more2004—27.9%2.70x2.66x

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).

IPO stake values · per SEC filings

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Sprinklr, Inc.24.8%$16.00Jun 2021$929.4M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Hellman & Friedman made?
Hellman & Friedman has 85 tracked investments, 5 of which have exited, including 1 dated in the last 24 months.
What stage does Hellman & Friedman invest at?
Hellman & Friedman invests at the Growth, Late Stage stages.
What sectors does Hellman & Friedman focus on?
Hellman & Friedman focuses on B2B Marketplaces, Consumer, Cybersecurity, Data & Infrastructure, E-commerce, EdTech, Enterprise Software, Fintech, Healthtech, InsurTech, Marketing Tech, Media & Entertainment, Medical Devices, SaaS.
Where is Hellman & Friedman located?
Hellman & Friedman is headquartered in San Francisco, US.
Does Hellman & Friedman lead rounds?
Yes, Hellman & Friedman leads investment rounds.

Media · Podcasts & interviews

featuring the team

Newell Brands' Christopher Peterson, Hellman & Friedman's Patrick Healy at Semafor World Economy

Semafor Events · Patrick Healy

Patrick Healy CEO of Hellman & Friedman a private equity firm based in London. #jet

Celebrity Jets · Patrick Healy

Hellman & Friedman's Patrick Healy on how long this IPO boom can last

Patrick Healy · cnbc.com

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