Tully Friedman
Tully Friedman is an American businessman. A founding partner of Hellman & Friedman, as of 2013 he was chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm.
Early life
Tully Friedman earned a bachelor's degree from Stanford University and later received a Juris Doctor from Harvard Law School.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.In 1984, he and Warren Hellman founded Hellman & Friedman, an investment company.
From 1984 through early 1997, Hellman & Friedman raised partnerships representing more than US $2.5 billion and made investments in about 40 companies.
In 1997, Friedman left Hellman & Friedman to co-found Friedman Fleischer & Lowe, a San Francisco–based private equity firm. The firm has raised multiple funds since its founding, with total committed capital exceeding US$4 billion.
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.