Hellman & Friedman Closes $8.4 Billion Private Equity Fund

    SAN FRANCISCO, April 17 /PRNewswire/ -- Hellman & Friedman LLC, a
 leading private equity firm based in San Francisco, today announced the
 closing of Hellman & Friedman Capital Partners VI, L.P. (HFCP VI), an $8.4
 billion fund.
     "The closing of our sixth fund represents an important milestone for
 Hellman & Friedman," said F. Warren Hellman, Chairman of Hellman &
 Friedman. "We are especially pleased with the support of our longstanding
 limited partners who once again have entrusted us to manage their capital
 in this new Fund. We believe our philosophy of disciplined investing in
 strong franchises with solid management and defensible market positions
 will continue to allow us to generate attractive returns for our partners."
     "We have enjoyed a long, mutually beneficial relationship with Hellman
 & Friedman and are delighted to be participants in their new fund," said
 Sarah Corrs of California Public Employees' Retirement System. "We look
 forward to working with them in the future."
     Hellman & Friedman, through HFCP VI, will embrace the same investment
 approach and focus as in its previous partnerships. HFCP VI will continue
 to make large-scale equity-related investments of $250 million to $1
 billion, primarily in the United States and Europe. With the closing of
 HFCP VI, Hellman & Friedman has successfully raised and managed
 approximately $16 billion of committed capital since its first partnership
 in 1987.
     "Over the past few years, we've become a more global organization,
 building a significant presence with our growing office in London.
 Importantly, we have continued to differentiate Hellman & Friedman by
 partnering with managements of quality portfolio companies to provide not
 only capital, but relevant expertise that helps our portfolio companies
 build value," said Brian M. Powers, Chief Executive Officer of Hellman &
 Friedman.
     "We have already entered into HFCP VI's first investment, our pending
 acquisition of Kronos Inc., which is representative of the type and size of
 transaction we intend to do going forward," Mr. Powers concluded.
     Hellman & Friedman is a leading investor in a number of industries
 including, financial services (e.g. asset management, insurance, securities
 services), professional services (e.g. advertising agencies, marketing
 services, consulting), media (e.g. television, newspapers, radio, outdoor,
 entertainment), information services (e.g. software, business services),
 and power and energy. In addition to these sectors, H&F continuously seeks
 investments in other sectors that match the firm's investment criteria --
 strong operating management teams, attractive business franchises, high
 levels of free cash flows, and predictable revenue growth.
     About Hellman & Friedman LLC
     Hellman & Friedman LLC is a San Francisco-based private equity
 investment firm with additional offices in New York City and London. Since
 its founding in 1984, the Firm has raised and managed approximately $16
 billion of committed capital. The Firm's strategy is to invest in superior
 business franchises and to be a value-added partner to management in select
 industries including media, financial services, professional services, and
 information services. Representative investments include DoubleClick, Inc.,
 Texas Genco LLC, LPL Holdings, Axel Springer AG (ASV GR), ProSieben Sat.1
 AG (PSM GR), Formula One Holdings, Ltd, Arch Capital Group Limited (ACGL),
 the NASDAQ Stock Market, Inc. (NDAQ), Blackbaud, Inc., Intergraph
 Corporation, Vertafore, Inc., Artisan Partners L.P., Mondrian Investment
 Partners, Ltd., Inc., AlixPartners, Young & Rubicam, Inc., Voicestream
 Wireless Corporation and others. For more information on Hellman &
 Friedman, visit http://www.hf.com.
 
 

SOURCE Hellman & Friedman LLC