Private equity investment firm Hellman & Friedman has held the final closing of Hellman & Friedman Capital Partners VIII (HFCP VIII), a USD10.9 billion fund.
Since forming its first partnership in 1987, Hellman & Friedman has raised over USD35 billion of committed capital.
"We are pleased to announce the successful closing of our eighth fund," says Philip Hammarskjold, chief executive officer of Hellman & Friedman. "We are extremely gratified by the enthusiastic support of our limited partners, many of whom have invested with us throughout our 30 year history. We are excited about the opportunities we see for companies at the core of our investment philosophy and look forward to further building on our track record of delivering superior returns to our investors."
Through HFCP VIII, the firm will pursue the same disciplined investment approach it has developed over the past 30 years, targeting large-scale equity investments of USD300 million to USD1 billion in growth companies with strong and defensible market positions primarily in the US and Europe.
"Our focused and differentiated strategy allows us to fully concentrate our resources on finding the highest quality companies and working with their outstanding management teams to accelerate growth," says Patrick Healy, deputy chief executive officer of Hellman & Friedman. "We take pride in being the partner of choice for corporations, families and management teams who want to grow their businesses with a dedicated partner with deep industry expertise."
HFCP VIII was oversubscribed and raised USD10.25 billion of capital from limited partners, the hard cap established at the outset of the fundraising process in June. A USD500 million GP commitment, as well as additional capital from "friends and family" investors, brings HFCP VIII commitments to USD10.9 billion.
Simpson Thacher & Bartlett LLP and Walkers served as legal advisors to Hellman & Friedman.
