Hellman & Friedman hits $10.9bn for eighth fund

The fund, which represents H&F's largest since setting up in 1987, was legally advised by Simpson Thatcher & Bartlett and Walkers.

H&F's predecessor vehicle, HFCP VII, closed on $9bn in October 2009. The closing of the fund also saw a management shake-up with Philip Hammarskjold, who joined the firm in 1992, taking over as CEO, succeeding Brian Powers, who became chairman. Patrick Healy was named deputy CEO, while Warren Hellman transitioned from chairman to founder.

Investors
HFCP VIII was oversubscribed, raising $10.25bn from its LP base. The GP contributed $500m to the fund, alongside a friends and family commitment.

Investments
The newly raised vehicle will continue H&F's investment strategy of targeting large-cap investments ranging between $300m and $1bn, primarily in the US and Europe.

People
Philip Hammarskjold is the CEO of H&F and Patrick Healy is deputy CEO.

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• Topics
• Buyout
• Hellman & Friedman LLC
• Unq2015Jan