Tully Friedman

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title: "Tully Friedman" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["stanford-university-alumni", "harvard-law-school-alumni", "american-businesspeople", "american-philanthropists", "american-enterprise-institute", "living-people", "1942-births", "people-from-woodside,-california", "21st-century-american-jews"] description: "American businessman (born January 1942)" topic_path: "law" source: "https://en.wikipedia.org/wiki/Tully_Friedman" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary American businessman (born January 1942) ::

::data[format=table title="Infobox person"]

Field	Value
name	Tully Friedman
image	Tully Friedman (1510073022).jpg
image_size
caption	Friedman in 2007
birth_name	Tully Michael Friedman
birth_date
baptised
disappeared_date
death_date
resting_place_coordinates
burial_place
burial_coordinates
nationality	American
education	Stanford University (BA)
Harvard Law School (JD)
occupation	Businessman, investor, philanthropist
employer	Friedman, Fleischer and Lowe
known_for	Co-founding Hellman & Friedman; FFL Partners
spouse	Anne Fay (divorced)
Elise Dorsey
website
::

| honorific_prefix = | name = Tully Friedman | honorific_suffix = | image = Tully Friedman (1510073022).jpg | image_size = | alt = | caption = Friedman in 2007 | native_name = | native_name_lang = | pronunciation = | birth_name = Tully Michael Friedman | birth_date = | birth_place = | baptised = | disappeared_date = | disappeared_place = | disappeared_status = | death_date = | death_place = | death_cause = | body_discovered = | resting_place = | resting_place_coordinates = | burial_place = | burial_coordinates = | monuments = | nationality = American | other_names = | citizenship = | education = Stanford University (BA) Harvard Law School (JD) | occupation = Businessman, investor, philanthropist | years_active = | era = | employer = Friedman, Fleischer and Lowe | organization = | known_for = Co-founding Hellman & Friedman; FFL Partners | party = | boards = | spouse = Anne Fay (divorced) Elise Dorsey | family = | awards = | website = | footnotes = Tully Friedman (born January 1942) 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 (now FFL Partners), 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.

Board memberships and philanthropy

He sits on the boards of Clorox, Kool Smiles, NCDR, Church's Chicken, Cajun Operating Company, Archimedes Technology, and DPMS LLC. He previously served on the Boards of CapitalSource, Levi Strauss & Co., Mattel, and McKesson Corporation. He is a former president of the San Francisco Opera Association and chairman of Mount Zion Hospital and Medical Center. He is also chairman of the board of trustees of the American Enterprise Institute. He also sits on the board of trustees of the Telluride Foundation in Telluride, Colorado. and St. Paul's School in Concord, New Hampshire.

Personal life

Friedman was first married to Ann Fay Barry, a descendant of Paul B. Fay. In 1995, he married Elise Dorsey in an Episcopal ceremony in Sonoma, California. They have two children, Alexander and Allegra. Until November 2012, Friedman owned a neo-classical-style home in Woodside, California, that was featured in the book, Extraordinary Homes California: an Exclusive Showcase of the Finest Architects, Designers and Builders in California.

References

References

1. [https://web.archive.org/web/20130130043159/http://www.forbes.com/profile/tully-friedman/ Forbes]
2. (April 2023)
3. [http://www.fflpartners.com/people/Tully_Friedman Friedman Fleischer & Lowe biography] {{Webarchive. link. (2013-01-25)
4. [http://www.thecloroxcompany.com/corporate-responsibility/performance/corporate-governance/board_friedman/ Clorox Board of Directors biography]
5. "Tully Friedman Profile".
6. Toll, David. (2011-12-21). "Remembering Warren Hellman: 'An Openness To Ideas And To People'".
7. "Tully Friedman P’17,’17 {{!}} St. Paul's School".
8. Armental, Maria. (2022-05-24). "FFL Partners Raises $917 Million for Its Fifth Buyout Fund". Wall Street Journal.
9. (2022-05-25). "FFL Partners raises over $900m for fifth fund - Private Equity Wire".
10. (October 9, 2013). "Tully Friedman on the rapid evolution of the buyouts business".
11. [http://www.aei.org/about/board-of-trustees/ American Enterprise Institute Board of Trustees]
12. [http://www.telluridefoundation.org/index.php?page=board-of-directors Telluride Foundation Board of Directors]
13. https://www.sps.edu/about/leadership/board-of-trustees/tully-friedman-p1717
14. Reinhold, Robert. (September 12, 1988). "Opera Ball Draws San Francisco's Bejeweled Elite". [[The New York Times]].
15. (March 26, 2002). "WALKER III, Albert Evans". [[San Francisco Gate]].
16. Pat, Steger. (June 14, 1995). "The Social Scene -- Nothing Fishy at Rainforest Bash / Awards party at Spectrum supports a good cause". [[San Francisco Gate]].
17. Lauren Beale, [http://www.latimes.com/business/money/la-fi-mo-record-home-sale-20130128,0,3802279.story Estate in Woodside, a Silicon Valley haven, sells for $117.5 million], ''[[Los Angeles Times]]'', January 28, 2013
18. Alyssa Abkowitz, [https://www.wsj.com/articles/SB10001424127887323716304578481020743972716?mod=WSJEurope_hps_MIDDLE_Video_Top A Greenwich House Aims to Sell for $190 Million], ''[[The Wall Street Journal]]'', May 17, 2013

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