DJIA52064.10 -316.56
S&P 5007591.70 -44.66
NASDAQ26081.72 -171.62
Russell 20002890.95 -30.28
German DAX25361.15 -215.30
FTSE 10010608.92 -61.14
CAC 408116.76 -39.91
EuroStoxx 506269.65 -42.10
Nikkei 22565270.95 128.17
Hang Seng24954.47 -320.49
Shanghai Comp3934.40 -17.11
KOSPI7033.92 -17.72
Bloomberg Comm IDX146.97 1.83
WTI Crude-fut103.85 6.00
Brent Crude-fut103.93 6.85
Natural Gas2.84 0.04
Gasoline-fut3.44 0.22
Gold-fut4358.50 -87.50
Silver-fut64.09 -3.83
Platinum-fut1784.10 -120.30
Palladium-fut1290.50 -79.50
Copper-fut6.53 -0.33
Aluminum-spot3195.00 0.00
Coffee-fut289.95 -1.20
Soybeans-fut1331.75 23.00
Wheat-fut741.50 12.75
Bitcoin77201.01 -796.51
Ethereum USD2459.80 6.84
Litecoin52.35 -0.55
Dogecoin0.08 -0.01
EUR/USD1.1620 -0.0001
USD/JPY153.66 -0.42
GBP/USD1.3554 0.0017
USD/CHF0.8107 0.0010
USD IDX99.08 0.33
US 10-Yr TR4.961 0.121
GER 10-Yr TR3.5025 0.0062
UK 10-Yr TR5.3985 0.0207
JAP 10-Yr TR2.925 0.015
Fed Funds3.75 0
SOFR3.64 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Private Equity  |  July 10, 2023
Hellman & Friedman Exceeds $20B for Latest Flagship Fund
Joe Palmisano
By: Joe Palmisano

Hellman & Friedman Exceeds $20B for Latest Flagship Fund

Private equity firm Hellman & Friedman exceeded $20 billion for its latest massive fundraise, two years after collecting more than $24 billion for its predecessor vehicle.

The firm is targeting $24 billion for Fund XI, with reports suggesting it could go higher than that to reach a hard cap.

More than 125 investors have backed Fund XI to date according to a filing H&F submitted to the US Securities and Exchange Commission.

Earlier this year H&F received a $600 million commitment for the fund from CalPERS, which comes just a couple of years after the firm picked up $24.4 billion for the final close of Fund X. That was followed by $300 million from Virginia Retirement System in April.

Fund X raised by the firm in 2021 easily outstripped its already impressive $16 billion Fund IX from 2018, and rivals mega-funds raised by private equity giants Blackstone, Carlyle and KKR in recent years.

Recent big investments from San Francisco-based H&F include teaming with Permira to take software company Zendesk private in a $10.2 billion deal completed in November 2022.

Connect

Inside The Story

Hellman & Friedman

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints