United States · What does Hellman & Friedman invest in?
Hellman & Friedman invests most often at Series C (100% of the rounds on record).
Hellman & Friedman highlights
- 01
1 rounds on record
- 02
Mostly Series C: 100% of its rounds
- 03
1 exits from the portfolio
What they do
- Type
- Private equity (from a list, unverified)
- Cheque size
- Not stated
- Based in
- United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first1 appearances
- 2008
1 round
- Jan
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
Who backs their funds
5 LPs on record in Hellman & Friedman's funds
- Committed
- $8.1B
- Funds
- 9
- Vintages
- 2004 to 2025
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2026.
Washington State Investment Board6 funds$3.1BFund Vintage Committed Hellman & Friedman Capital Partners X 2021 $1.0B Hellman & Friedman Capital Partners IX 2020 $750M Hellman & Friedman Capital Partners VIII 2016 $600M Hellman & Friedman Capital Partners VII 2011 $400M Hellman & Friedman Capital Partners VI 2007 $275M Hellman & Friedman Capital Partners V 2004 $75M California Public Employees' Retirement System (CalPERS)4 funds$1.9B
Fund Vintage Committed Hellman & Friedman Capital Partners X 2021 $688M Hellman & Friedman Capital Partners IX 2020 $433M Hellman & Friedman Capital Partners VIII 2016 $500M Hellman & Friedman Capital Partners VII 2011 $300M - California State Teachers Retirement System5 funds$1.6B
Fund Vintage Committed Hellman & Friedman Capital Partners XI 2025 $200M Hellman & Friedman Partners X 2021 $600M Hellman & Friedman Capital Partners IX 2020 $450M Hellman & Friedman Capital Partners VIII 2016 $200M Hellman & Friedman Capital Partners VII 2011 $100M 
Oregon Public Employees Retirement Fund4 funds$980MFund Vintage Committed Hellman & Friedman Capital Partners XI 2022 $250M Hellman & Friedman Capital Partners X 2021 $350M Hellman & Friedman Capital Partners IX 2019 $280M Hellman & Friedman Capital Partners VIII 2016 $100M - Minnesota State Board of Investments4 funds$575M
Fund Vintage Committed Hellman & Friedman Capital Partners XI 2023 $100M Hellman & Friedman Capital Partners X 2021 $250M Hellman & Friedman Investors IX 2018 $175M Hellman & Friedman Capital Partners VII 2009 $50M
Exits from the portfolio
Companies it backed that were later bought or listed1 in all
AdchemyBought by WalmartLabsUndisclosedMay 2014
An exit counts when it came after the firm's first round in the company. From historical deal records.