History
1997
FFL Established
1999
Friedman Fleischer
& Lowe Capital Partners
2004
Friedman Fleischer
& Lowe Capital Partners II
2008
Friedman Fleischer
& Lowe Capital Partners III
2015
FFL Capital
Partners IV
2022
FFL Capital
Partners V
FFL was formed in 1997 to invest in middle-market companies where the firm’s substantial strategic and operating expertise can help management accelerate growth and build better businesses. Our capital comes largely from U.S. and international institutions: public and private pension funds, endowments, foundations, and financial institutions.
FFL has invested prudently for over 20 years, partnering with strong management teams and other investors to establish a leading track record in middle-market private equity investing. The firm generally commits $50-200 million to individual transactions and has the ability to make larger commitments in selected circumstances.
We are hyperspecialized investors within Healthcare and Tech-Enabled Services, two complementary sectors where we have deep expertise, broad networks, and a long track record of success. We bring a high-engagement approach to our investments with the goal of accelerating growth. This strategy has been refined through two decades of experience investing through up and down markets across a wide range of industries in prior funds.
Through a process we call Sector Exploration and Expertise Development (“SEED”), we identify and explore sub-sectors within Healthcare and Tech-Enabled Services that can generate attractive investment opportunities. We seek to obtain differentiated insights and access on potential investments within SEED areas, which we can then apply to create meaningful value in our businesses.
We aim to invest in market-leading companies that have strong, defensible competitive positions, good growth prospects, muted cyclicality, and outstanding management. Our commitment to developing deep knowledge and relationships in our SEEDs has afforded us access to investment opportunities less competitive than conventional auctioned buyout transactions.
We focus on business improvement and growth to drive returns, drawing on the extensive strategic, financial, and operating experience of our team. We spend significant time supporting, advising, and consulting with our management partners on strategy and board-level issues, but we give them ample room to execute on their strategies. Accordingly, during diligence we ensure that we are choosing strong management partners whose interests align with those of our investors.
We are flexible investors, comfortable in both control and minority situations. We have produced strong investment results from traditional leveraged buyouts, growth capital to support strong management teams, convertible debt securities, deleveraging investments, and occasional investments in public companies. We seek attractive investments rather than particular deal structures.
Although we are flexible with regard to transaction type, we are not passive investors and are highly engaged with all of our investments. We seek board influence (but do not need board control) at companies in which we invest and aim to be true partners to our management teams and other shareholders.
We are also committed to a responsible approach to environmental, social, and governance ("ESG") issues in the course of our investment activities and throughout our business operations. Please click here to read our ESG policy, which covers due diligence and portfolio company oversight across a broad range of relevant topics.
FFL Established
Friedman Fleischer
& Lowe Capital Partners
Friedman Fleischer
& Lowe Capital Partners II
Friedman Fleischer
& Lowe Capital Partners III
FFL Capital
Partners IV
FFL Capital
Partners V