Tully Friedman
From Wikipedia, the free encyclopedia
1942 (age 83–84)
Harvard Law School (JD)
Tully Friedman | |
|---|---|
.jpg) Friedman in 2007 | |
| Born | Tully Michael Friedman 1942 (age 83–84) |
| Education | Stanford University (BA) Harvard Law School (JD) |
| Occupations | Businessman, investor, philanthropist |
| Employer | Friedman, Fleischer and Lowe |
| Known for | Co-founding Hellman & Friedman; FFL Partners |
| Spouse(s) | Anne Fay (divorced) Elise Dorsey |
Tully Friedman (born January 1942) is an American businessman.[1][2][3][4] A founding partner of Hellman & Friedman,[3] as of 2013 he was chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm.[5]
Tully Friedman earned a bachelor's degree from Stanford University and later received a Juris Doctor from Harvard Law School.[6]
Career
Friedman began his finance career at Salomon Brothers, where he served as a managing director and founded its West Coast Corporate Finance Department, and served on its national Corporate Finance Administrative Committee.[3][4][7]
In 1984, he and Warren Hellman founded Hellman & Friedman, an investment company.[3]
From 1984 through early 1997, Hellman & Friedman raised partnerships representing more than US $2.5 billion and made investments in about 40 companies.[8]
In 1997, Friedman left Hellman & Friedman to co-found Friedman Fleischer & Lowe (now FFL Partners), a San Francisco–based private equity firm.[1][2][3][4] The firm has raised multiple funds since its founding, with total committed capital exceeding US$4 billion.[9][10]
In a 2013 interview, Friedman discussed changes in the private equity industry, citing increased competition and regulatory oversight since the 1990s. He noted that deal-sourcing strategies and fund structures had become more complex and that firms like FFL Partners had adapted accordingly.[11]