Talent at Every Level

In our investments and in our firm, we recognize nothing is more important than having the right people. FFL brings together a team of experienced and talented professionals with diverse backgrounds in operational and strategic management, investment banking, private equity investing, and consulting. Our principals have invested over $2.5 billion in over 50 companies and have over 100 years of collective experience as investors, senior operating executives, and advisors.

Nicole Budzynski
Nicole Budzynski
Senior Associate
Jonathon Bunt
Jonathon Bunt
Vice President
Martin Carter
Martin Carter
Operating Partner
Ann Marie Cooke
Ann Marie Cooke
Office Manager
Alice Chau
Alice Chau
Senior Controller
Catherine Chen
Catherine Chen
Associate
Christine Chu
Christine Chu
Senior Accountant
David Crussell
David Crussell
Operating Partner
Rajat Duggal
Rajat Duggal
Managing Director
Robert Eckert
Robert Eckert
Operating Partner
Tyler Ernst
Tyler Ernst
Associate
Geoff Evans
Geoff Evans
Director
Nancy Graham Ford
Nancy Ford
Managing Director
Geoffrey Freeman
Geoffrey Freeman
Operating Director
Tully M. Friedman
Tully M. Friedman
Managing Partner
Spencer Fleischer
Spencer Fleischer
Managing Partner
Dionne Fountain
Dionne Fountain
Executive Assistant
Regina Growney
Regina Growney
Executive Assistant
Chris Harris
Chris Harris
Partner
Claire Huang
Claire Huang
Senior Fund Accountant
Hosay Jamili
Hosay Jamili
Executive Assistant
Mark Laudy
Mark Laudy
Operating Partner
Greg Lau
Greg Lau
Managing Director
Greg Long
Greg Long
Partner
Hoa Luu
Hoa Luu
Controller
Chris Masto
Chris Masto
Co-Founder & Partner
Aaron Money
Aaron Money
Partner
Vivek Nayar
Vivek Nayar
Associate
Patty Nykodym
Patty Nykodym
Chief Financial Officer
Ian Perlman
Ian Perlman
Vice President
Anuv Ratan
Anuv Ratan
Associate
Vanessa Rose
Vanessa Rose
Executive Assistant
Pauline Sarmiento
Pauline Sarmiento
Executive Assistant
Mark Sarvary
Mark Sarvary
Operating Partner
Jack Scott
Jack Scott
Operating Partner
Cas Schneller
Cas Schneller
Partner
Christine Tugadi
Christine Tugadi
Executive Assistant
Derek Weiss
Derek Weiss
Director
Karen Winterhof
Karen Winterhof
Vice President
James Zelnick
James Zelnick
Associate

These senior operating executives have invested in our fund as investors/advisers. They have been successful in a broad range of industries and disciplines, and their experience and perspective is a valuable resource for our portfolio companies.

Michael J. Boskin

Michael J. Boskin
Principal of Boskin & Company, Professor of Economics, Stanford University
Former Chairman of President's Council of Economic Advisors
Director of Oracle Corporation, Exxon Mobil Corporation, Vodafone Group PLC and Shinsei Bank

William R. Brody M.D.

William R. Brody M.D.
Former President, Salk Institute for Biological Studies
Former President, The Johns Hopkins University
Member of the Governing Committee of the Whitaker Foundation and the Trustees for the Baltimore Community Foundation
Director of IBM, AEGON USA, Medtronic Inc. and Mercantile Bankshares

Anthony Bruce

Anthony Bruce
CEO, Applied Predictive Technologies

Tom Chalberg

Tom Chalberg
Founder & Former CEO, Avalanche Biotechnologies

Peter Currie

Peter Currie
Former EVP & CFO, Netscape
Lead Director of Twitter and Schlumberger

Frank A. Doyle

Frank A. Doyle
President & CEO, Connell Limited Partnership
Director of Liberty Mutual Holding Company, Inc. and Citizens Financial Group
Trustee of the Joslin Diabetes Center and Boston College

Robert A. Eckert

Robert A. Eckert
Chairman Emeritus & Retired CEO, Mattel, Inc.
Former CEO, Kraft Foods
Director of McDonald's Corp., J.L. Kellogg Graduate School of Management Advisory Board at Northwestern University, Los Angeles World Affairs Council and the Business Council in Washington DC
Member of the Board of Visitors at The Anderson School at UCLA and the Trilateral Commission

Peter A. Georgescu

Peter A. Georgescu
Chairman Emeritus, Young & Rubicam, Inc.
Director of EMI Corporation, International Flavors & Fragrances, Inc., Levi Strauss & Co., Toys “R” Us, Inc.

Ronald J. Gidwitz

Ronald J. Gidwitz
Retired CEO, Helene Curtis
Director of Kapstone Paper and Packaging Corporation, Rush University Medical Center, the Museum of Science and Industry and the Lyric Opera of Chicago

Laurance Hoagland

Laurance Hoagland
Former VP and CIO, William and Flora Hewlett Foundation Former President and CEO, Stanford Management Company

Rick Lenny

Rick Lenny
Former CEO, The Hershey Company
Director of McDonald’s, Discover Financial, Illinois Tool Works, and ConAgra

Robert Matschullat

Robert Matschullat
Presiding Director of The Clorox Company
Director of The Walt Disney Company, McKesson Corporation
Retired Vice Chairman & CFO, The Seagram Company Ltd.

Tom Nelson

Tom Nelson
Chairman, President & CEO of National Gypsum Company
Partner & Co-Founder of Wakefield Group; Director of Belk Inc

Mike O'Neill

Mike O'Neill
Chairman, Citigroup

Hilda Ochoa-Brillembourg

Hilda Ochoa-Brillembourg
Founder & Chairman, Strategic Investment Group
Director of General Mills, McGraw Hill Financial, and Cementos Pacasmayo

Paul F. Oreffice

Paul F. Oreffice
Director Spirit Finance Corporation
Retired Chairman, The Dow Chemical Company
Member of International Advisory Board of Marsh & McLennan
Chairman, Fairfield Homes of Arizona
Former Director The Coca-Cola Company, CIGNA Corp., Morgan Stanley, Nortel

Carl E. Reichardt

Carl E. Reichardt
Retired Chairman, Wells Fargo & Company
Former Director of ConAgra, Ford Motor Company, HCA, HSBC, McKesson, and PG&E

Paul C. Reilly

Paul C. Reilly
CEO, Raymond James Financial
Former Chairman & CEO, Korn/Ferry International
Former CEO, KPMG

Anthony Salz

Anthony Salz
Executive Vice Chairman, Rothschild
Vice Chairman, British Broadcasting Corporation
Trustee of the Eden Project, Tate Foundation, Habitat for Humanity Great Britain, and The Paul Hamlyn Foundation

Mark Sarvary

Mark Sarvary
Former CEO & President, Tempur Sealy International
Former President, North America Campbell’s Soup Company

Richard L. Sharp

Richard L. Sharp
Retired CEO, Circuit City
Former Chairman & CEO, CarMax, Inc.

Alan Seelenfreund

Alan Seelenfreund
Retired C.E.O. and Chairman, McKesson Corporation
Trustee of The Nature Conservancy of California

G. Craig Sullivan

G. Craig Sullivan
Retired Chairman & CEO of The Clorox Company
Director of the Kimberly Clark Corporation, Goodyear Tire & Rubber Co., Mattel Inc. and The American Ireland Fund

Kent J. Thiry

Kent J. Thiry
Chairman & CEO, DaVita, Inc.
Former Chairman & CEO of Vivra Incorporated
Former Chairman of Oxford Health Plans, Inc.

David T. Traitel

David T. Traitel
Founder and Retired CEO, Nutro Products, Inc.

Sir Robert Wilson

Sir Robert Wilson
Former Chairman of BG Group plc; Former Chairman of The Economist Group
Former Executive Chairman & CEO of Rio Tinto
Former Director of GSK
Former Director of BP plc, Diageo plc, The Boots Company plc.

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Tully M. Friedman

Managing Partner

Tully Friedman has over forty years of experience in finance and thirty years as a private equity investor. Prior to forming FFL, he co-founded and served as one of two managing general partners of Hellman & Friedman. From 1984 through early 1997, Hellman & Friedman established private equity partnerships representing more than $2.5 billion and made substantial investments in 40 companies, including Levi Strauss, Mattel, Young & Rubicam, and Franklin Resources. Previously, he was a Managing Director of Salomon Brothers Inc, where he founded the firm's West Coast Corporate Finance Department and served on the firm's national Corporate Finance Administrative Committee. He is currently on the Board of Directors of Strategic Investment Group. He previously served as a Director of a number of public corporations including CapitalSource, Levi Strauss, Mattel Incorporated, McKesson Corporation, and The Clorox Company. 

He is Co-Chairman of the American Enterprise Institute, Vice Chairman of the Telluride Foundation, and a Director of the George Lucas Museum of Narrative Art. He graduated with an A.B., with great distinction, from Stanford University and received a J.D. from Harvard Law School.

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Spencer Fleischer

Managing Partner

Spencer co-founded FFL in 1997 and is a Managing Partner. He is Chairman of the Board of Transtar Holding Company and Strategic Investment Group, Director of Eyemart Express; and was previously a Director of Korn/Ferry International, Milestone AV Technologies, BearingPoint, Inc., JonesTrading Institutional Services LLC, Wilton Re Holdings Limited, AmericanWest Bank and Banner Corporation.

Spencer is a member of the Fellowship Campaign Executive Committee for Lincoln College, Oxford and a Director of Americans for Oxford, Inc. and was an advisor to the Investment Committee of the William and Flora Hewlett Foundation for 10 years. Spencer previously spent 19 years with Morgan Stanley as an investment banker and manager. He was a member of the worldwide Investment Banking Operating Committee, Head of Investment Banking in Asia and Head of Corporate Finance for Europe. He earned an M. Phil. in Management Studies at Oxford University as a Rhodes Scholar and graduated from the University of the Witwatersrand in Johannesburg with a B.A. (Hons) in Economics. Spencer also serves as a Director of The Clorox Company and Levi Strauss & Co.

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Chris Masto

Co-Founder and Partner

Before co-founding FFL in 1997, Chris Masto worked as a management consultant with Bain & Company, where he assisted companies with the development and implementation of strategic plans, the formulation of new business development programs and marketing strategies, and the execution of operating improvement and turnaround efforts. Previously, he worked as a Financial Analyst in the Corporate Finance Department of Morgan Stanley & Company. In addition to working on financing and merger transactions, he served as a special assistant to the Head of Investment Banking, contributing to the administration of the firm's investment banking activities worldwide.

He currently serves on the Board of Directors of Curo Financial Technologies and Enjoy Beer LLC, and he was previously a Director of TriTech Holdings and Tempur Sealy International. Chris graduated magna cum laude from Brown University with an Sc.B. in Electrical Engineering, and received an M.B.A. from Harvard Business School.

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Aaron Money

Partner

Prior to joining FFL in 2003, Aaron Money was an Associate at DB Capital, Deutsche Bank's principal investing arm. At DB Capital, he participated in evaluating and executing private equity and mezzanine debt investments and had ongoing responsibilities with portfolio companies in a variety of industries. Prior to that, he worked as an Analyst in investment banking at Chase Securities, Inc., where he focused on mergers & acquisitions and leveraged finance transactions serving clients in the transportation industry. Aaron serves as the Chairman of WellStreet Urgent Care and as a Director of Benevis LLC, Interactive Health, and Midwest Dental. He formerly served on the boards of Eyemart Express, C.H.I. Overhead Doors, Curo Financial Technologies, Milestone AV Technologies, and Guardian Home Care. 

Aaron is a member and chairs the strategy and finance committee of the Teach for America Bay Area Advisory Board and formerly served on the Junior Achievement Bay Area Advisory Board. He received an A.B. in economics from Duke University.

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Rajat Duggal

Managing Director

Rajat Duggal has been a Managing Director of FFL since 2004 and a member of the firm since 2000. Prior to joining FFL, he worked at Bain Capital, a Boston-based private equity firm, where his responsibilities included the identification, evaluation and execution of private equity investments. Rajat also worked in the Corporate Department of the law firm Kirkland & Ellis where he specialized in representing private equity clients. Rajat started his career as an Auditor at Deloitte & Touche where he earned his certification as a Certified Public Accountant. 

Rajat currently serves on the Board of Directors of Church's Chicken and Transtar Holdings. He was previously a Director of Benevis LLC, GeoVera Insurance Group, JonesTrading, Guardian Home Care, and Discovery Foods, and he was active in the firm’s investments in Korn/Ferry and Wilton Re. Rajat graduated with Highest Distinction from Indiana University with a B.S. in Accounting and received a J.D. from Yale Law School.

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