# Hellman & Friedman: portfolio, investments and team > Hellman & Friedman is a private equity based in United States. 1 investment on record, latest Jan 2008. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/hellman-and-friedman (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Hellman & Friedman Last cheque observed Jan 2008. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Private equity Series C Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **6873** days **00** hrs **00** min **00** sec Median round **$19M** Rounds led **0 of 1** Exits **1 from the portfolio** Pitch Hellman & Friedman ## 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 first **1 appearances** - **2008** 1 round - **Jan** **[Adchemy](https://millionrounds.com/company/adchemy)** Series C · US · adchemy.com **$19M** With 2 others 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 Board** 6 funds *$3.1B*](https://millionrounds.com/fund/washington-state-investment-board) Fund 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*](https://millionrounds.com/fund/california-public-employees) 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 System** 5 funds *$1.6B*](https://millionrounds.com/fund/california-state-teachers-retirement-system) 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 Fund** 4 funds *$980M*](https://millionrounds.com/fund/oregon-public-employees) Fund 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 Investments** 4 funds *$575M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) 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 listed **1 in all** **[Adchemy](https://millionrounds.com/company/adchemy)** Bought by WalmartLabs **Undisclosed** May 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series C Median round joined **$19M** the round, not its cheque Led 0 of 1 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Jan 2008 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series C *1* **Pitching Hellman & Friedman?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about Hellman & Friedman ### What does Hellman & Friedman invest in? Hellman & Friedman invests most often at Series C (100% of the rounds on record). ### How active is Hellman & Friedman? 1 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2008. ### How big are Hellman & Friedman's cheques? The median round it joins is $19M. ### Is Hellman & Friedman investing now? No investments in the last 12 months; the latest was in Jan 2008. ### What kind of investor is Hellman & Friedman? Hellman & Friedman is a private equity firm based in United States. ### Where does this information on Hellman & Friedman come from? From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=hellman-and-friedman) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=hellman-and-friedman)