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Hellman Closes on $3.5-Billion Fund

July 14, 2004|Josh Friedman

San Francisco-based Hellman & Friedman said Tuesday that it raised enough capital to close the largest fund in its 20-year history, the $3.5-billion Hellman & Friedman Capital Partners V.

"The commitment of $3.5 billion in capital from our partners reaffirms H&F's track record and history of disciplined investing in strong franchises with solid management and defensible market positions," said Chairman F. Warren Hellman.

The firm said it would continue to make equity-related investments of $100 million to $750 million, mainly in the United States, Europe and Australia. The firm also said it had opened an office in London.

Hellman & Friedman invests in a variety of industries but typically avoids technology. Recent investments include two German companies, publisher Axel Springer and TV broadcaster ProSiebenSat.1.

Josh Friedman

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