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| Hellman & Friedman LLC
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| CRD # | 158614 |
| SEC # | 801-73341 |
| CIK # | 0001561331, 0001462335 |
| AUM | 110.42 B (2026-03-25) |
| Employees | 120 (50% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 415-788-5111 |
| Address | 415 Mission Street San Francisco, CA 94105 |
| Source | [IAPD] [EDGAR] [Website] [LinkedIn] |
| Total AUM ($B) |
|---|
| In the News | |
|---|---|
| Mon, 06 Jul 2026 | Hellman & Friedman’s Hub International Seeks $3 Billion in IPO — Insurance Journal |
| Tue, 02 Jun 2026 | Hellman & Friedman acquires Hyve Group — Markets Group |
| Tue, 02 Jun 2026 | Latham Advises Hellman & Friedman on Acquisition of Hyve — Latham & Watkins LLP |
| Mon, 18 May 2026 | Hellman & Friedman CEO Patrick Healy ’89 Appointed to HMC Board — The Harvard Crimson |
| Mon, 04 May 2026 | Building a new enterprise AI services company with Blackstone, Hellman & Friedman, and Goldman Sachs — Anthropic |
| Fees and Compensation — Form ADV Part 2A (3/25/2026) [Brochure] |
|---|
Item 5. Fees and Compensation H&F charges certain Funds (including, without limitation, certain Other Investment Vehicles) various fees and compensation, including management fees, carried interest (as described in Item 6 below), administrative fees and/or profits interests, in each case as set forth in the applicable Governing Documents. For the Main Funds, management fees are either calculated based on Limited Partner commitments to the applicable Fund, costs of investments or capital contributions in respect of investments then held. Receipt of profits interests varies from Fund to Fund subject to the applicable Governing Documents. For certain Funds (including, without limitation, certain Other Investment Vehicles) H&F has, or may in the future have, the ability to receive a profits interest as the result of waiving all or a portion of the management fee otherwise payable by a Fund (on a voluntary basis pursuant to H&F’s election). Such profits interest entitles H&F to share in net profits, if any, of the applicable Funds. In addition, for certain Funds (including, without limitation, certain Other Investment Vehicles), H&F has been, or may in the future be, entitled to a profits interest to share in net profits, if any, of the applicable Funds up to a fixed percentage of the capital commitments of the Fund’s Limited Partners. For certain Funds, H&F receives both types of profits interests. Please see Item 6 below regarding “carried interest” that certain Funds pay. Certain Funds and certain other vehicles are not required to pay management fees, administrative fees, profits interests and/or carried interest, or pay reduced management fees, administrative fees, profits interests and/or carried interest, including certain of the Associates Funds and certain Other Investment Vehicles. In addition to the management fee, administrative fee, carried interest (as described in Item 6 below) and profits interests, break-up (or other similar fees), consulting, merger and acquisition, financial advisory, investment banking, commitment, transaction, monitoring, directors’ or other similar fees (including secondment fees), whether paid in cash, in-kind or other equity, are from time to time charged by H&F and/or its senior advisors, which, for the avoidance of doubt, include Senior Operating Advisors and Operating Partners of H&F (collectively, “Senior Advisors”), with respect to an investment or proposed investment by a Fund (such fees net of all related expenses, collectively, “Other Fees”). The amount and timing of Other Fees received by H&F, its personnel and/or its Senior Advisors are generally specified in the agreement or other documentation governing the applicable transaction or other agreement between H&F or its Senior Advisors and the applicable portfolio company. Notwithstanding the foregoing and other than as set forth in the applicable Governing Documents, Other Fees do not include (i) amounts paid to any individual partner or member of H&F LLC and/or H&F LP, or their direct or indirect general partners or managers (collectively, “H&F Executives”) or other H&F personnel, including Senior Advisors (collectively, such H&F Executives, Senior Advisors and other H&F personnel being “H&F Personnel”) in their capacity as director (including advisory boards or similar positions) or trustee of any concern that is not a portfolio company of the applicable Fund, (ii) the value of any stock options or other similar rights received by any H&F Personnel prior to an investment by such Fund or acquired by any such H&F Personnel after the disposition of an investment by such Fund, (iii) any amounts paid by a former portfolio company, such as directors’ fees a former portfolio company pays to H&F Personnel who remain on the company’s board of directors following the Fund’s disposition of its investment in the portfolio company and (iv) any fees and other amounts paid to any consultants, operating advisors, operating executives (which, for the avoidance of doubt, exclude any Senior Advisors) and other individuals or service providers retained by or on behalf of such Fund or and/or its portfolio companies to provide services (which, among other things, may include operational and industry expertise and serving on the board of directors of one or more portfolio companies or relating to deal-sourcing and investment opportunities), in each case, who are not then current H&F Personnel (provided, that they may be former H&F Personnel or current or former employees, directors, executives, chairpersons or similar positions with current or former portfolio companies of such Fund, prior Funds or successor funds) and are not bound to provide services on an exclusive basis to H&F (collectively, “External Advisors”) (which may include profits interest, equity or equity-related interests in the Funds and/or portfolio company or other incentive-based compensation). These Other Fees may be substantial and may be paid in cash, in securities of portfolio companies or investment vehicles (or rights thereto) or otherwise. In the event of an initial public offering or other partial disposition, monitoring fees may continue to be paid so long as the applicable Fund continues to hold an other than de minimis position in such portfolio company and H&F continues to provide the monitoring services. In the event H&F receives Other Fees, unless otherwise set forth in the applicable Governing Documents, H&F will reduce the amount of management fees paid by, or in some cases the carried interest paid by, the applicable Fund in an amount equal to 100% of Other Fees attributable to each such Fund or in some cases instead of an offset such Fund will distribute such amount to its Limited Partners. The manner of such reduction or distribution, if any, is set forth in the Governing Documents of the applicable Fund (“Other Fee Offset”). To the extent any Other Fee is attributable ... |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/25/2026) [Brochure] |
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Item 7. Types of Clients H&F currently provides investment advisory services to the Funds, and the Funds are H&F’s only clients. Investment advice is provided directly to the Funds and not individually to Limited Partners in such Funds. Interests in the Funds are offered pursuant to applicable exemptions from registration under the Securities Act and the 1940 Act. H&F does not have a minimum size for a Fund, but minimum investment commitments are established for Limited Partners in certain Funds, subject to waiver by H&F in its sole discretion. |
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| PE | 1007 H&F Clyde 1 LP | [2025-03-28] | 146.1 M | |
| Filed 2024-02-07 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 1008 H&F Clyde 2 LP | [2025-03-28] | 32.2 M | |
| Filed 2024-02-07 (D) · Exemption 506(b), 3(c), 3(c)(1) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 1108 Heritage Co-Invest LP | [2025-03-28] | 99.9 M | |
| Filed 2023-11-22 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 0918 Paddington Partners LP | [2024-03-26] | 1,135.9 M | |
| Filed 2023-12-12 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 0919 Paddington Partners 2 LP | [2024-03-26] | 826.8 M | |
| Filed 2023-12-12 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 0920 Paddington Partners 3 LP | [2024-03-26] | 399.5 M | |
| Filed 2023-12-12 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 1101 Hellman & Friedman Capital Partners Xi LP | [2024-03-26] | 20.16 B | 8,589.8 M |
| Filed 2023-07-06 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 1102 Hellman & Friedman Capital Partners Xi Parallel LP | [2024-03-26] | 20.16 B | 10.58 B |
| Filed 2023-07-06 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 1103 HFCP Xi Parallel-A LP | [2024-03-26] | 20.16 B | 4,043.4 M |
| Filed 2023-07-06 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | 1104 H&F Executives Xi LP | [2024-03-26] | 347.2 M | |
| Filed 2023-10-17 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| View All | ||||
| AUM Breakdown | Accounts | AUM ($B) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 45 | 110.4 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 45 | 110.4 |
| By Discretionary | ||
| Discretionary | 35 | 103.4 |
| Non-Discretionary | 10 | 7.0 |
| Total | 45 | 110.4 |
| By Non-United States Persons | ||
| Non-United States Persons | 99.8 | |
| United States Persons | 10.7 | |
| Total | 45 | 110.4 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Brian Doyle | Executive Officer | 18 | 4 | |
| Patrick Healy | Executive Officer | 43 | 3 | |
| Philip Hammarskjold | Director, Executive Officer | 70 | 2 | |
| David Tunnell | Director | 65 | 2 | |
| Allen Thorpe | Director, Executive Officer | 37 | 2 | |
| Arrie Park | Director, Executive Officer | 18 | 2 | |
| Judd Sher | Executive Officer | 13 | 2 | |
| Samson Investment GP LLC | Promoter | 11 | 2 | |
| Paul Philbrick | Executive Officer | 8 | 2 | |
| Phillip Hammarskjold | Executive Officer | 7 | 2 | |
| View All | ||||
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| 13F-HR | [0001462335] | |
| 3 | [0001462335] | |
| 4 | [0001462335] | |
| SC 13G | [0001462335] | |
| 3 | [0001561331] | |
| 4 | [0001561331] |
| Form 13D/13G Filer | Form 13D/13G Subject | Filed |
|---|---|---|
| Hellman & Friedman LLC | Change Healthcare Inc | [2020-02-14] |
| Hellman & Friedman LLC | Amsurg Corp | [2014-07-25] |
| Hellman & Friedman LLC | Artisan Partners Asset Management Inc | [2014-02-14] |
| Firm Profile (Form ADV) | |
|---|---|
| Discretionary AUM | $16.3B |
| Serves | Institutional |
| Fund Types | Private Equity |
| LEI | 549300ZYCD4H1RJY3W10 |
| Insider Transaction (Form 3/4/5) | Date | Action | Shares | Price | Value ($) |
|---|---|---|---|---|---|
|
Artisan Partners Asset Management Inc APAM
Convertible Preferred Stock, par value $0.01 per share · derivative
|
2014-06-12 | Conversion | 455,011 | $0.00 | |
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Artisan Partners Asset Management Inc APAM
Preferred Units of Artisan Partners Holdings LP · derivative
|
2014-06-12 | Conversion | 1,380,966 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class C common stock, par value $0.01 per share
|
2014-06-12 | Other | 921 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class A common stock, par value $0.01 per share
|
2014-06-12 | Other | 455,011 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class A common stock, par value $0.01 per share
|
2014-06-12 | Other | 1,380,966 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class A common stock, par value $0.01 per share
|
2014-06-12 | Sell | 455,011 | $55.12 | 25,080,206 |
|
Artisan Partners Asset Management Inc APAM
Class C common stock, par value $0.01 per share
|
2014-06-12 | Other | 1,380,966 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class A common stock, par value $0.01 per share
|
2014-06-12 | Sell | 1,380,966 | $55.12 | 76,118,846 |
|
Artisan Partners Asset Management Inc APAM
Class A common stock, par value $0.01 per share
|
2014-06-12 | Other | 921 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class A common stock, par value $0.01 per share
|
2014-06-12 | Sell | 921 | $55.12 | 50,766 |
|
Artisan Partners Asset Management Inc APAM
Preferred Units of Artisan Partners Holdings LP · derivative
|
2014-06-12 | Conversion | 921 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Convertible Preferred Stock, par value $0.01 per share · derivative
|
2014-03-12 | Sell | 743,117 | $59.68 | 44,349,223 |
|
Artisan Partners Asset Management Inc APAM
Class C common stock, par value $0.01 per share
|
2014-03-12 | Other | 2,255,378 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Class C common stock, par value $0.01 per share
|
2014-03-12 | Other | 1,505 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Preferred Units of Artisan Partners Holdings LP · derivative
|
2014-03-12 | Sell | 2,255,378 | $59.68 | 134,600,959 |
|
Artisan Partners Asset Management Inc APAM
Preferred Units of Artisan Partners Holdings LP · derivative
|
2014-03-12 | Sell | 1,505 | $59.68 | 89,818 |
|
Artisan Partners Asset Management Inc APAM
Convertible Preferred Stock, par value $0.01 per share · derivative
|
2013-11-06 | Sell | 1,367,335 | $53.76 | 73,507,930 |
|
Artisan Partners Asset Management Inc APAM
Preferred Units of Artisan Partners Holdings LP · derivative
|
2013-11-06 | Sell | 2,769 | $53.76 | 148,861 |
|
Artisan Partners Asset Management Inc APAM
Class C Common Stock, par value $0.01 per share
|
2013-11-06 | Other | 2,769 | $0.00 | |
|
Artisan Partners Asset Management Inc APAM
Preferred Units of Artisan Partners Holdings LP · derivative
|
2013-11-06 | Sell | 4,149,896 | $53.76 | 223,098,409 |
| showing 20 of 45 most recent transactions | |||||
| Comparable Firms | State | AUM |
|---|---|---|
|
Global Infrastructure Management LLC
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|
NY | 142.15 B |
|
TPG Capital Advisors LLC
✚
|
TX | 140.57 B |
|
RhumbLine Advisers Ltd Partnership
✚
|
MA | 136.48 B |
|
Aflac Asset Management LLC
✚
|
NY | 133.47 B |
|
A16Z Capital Management LLC
✚
|
CA | 106.48 B |
|
Brookfield Renewable Energy Group LLC
✚
|
99.12 B | |
|
Bain Capital Private Equity LP
✚
|
MA | 96.43 B |
|
Advent International LP
✚
|
MA | 91.63 B |
|
Clayton Dubilier & Rice LLC
✚
|
NY | 87.35 B |
|
Lexington Partners LP
✚
|
NY | 79.27 B |