Tully Friedman (born January 1942) is an American businessman.Forbes
/ref>Bloomerg BusinessWeek
/ref>Friedman Fleischer & Lowe biography
Clorox Board of Directors biography
/ref> A founding partner of

Hellman & Friedman Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts ...

, as of 2013 he was chief executive of Friedman, Fleischer and Lowe, a

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

-based private equity firm.

Early life

He graduated from

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

and received a J.D. from the

Harvard Law School Harvard Law School (HLS) is the law school of Harvard University, a Private university, private research university in Cambridge, Massachusetts. Founded in 1817, Harvard Law School is the oldest law school in continuous operation in the United ...

Career

He was managing director of

Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five List of investment banks, largest investment banking enterprises in the United States and a very profitabl ...

, where he founded its West Coast Corporate Finance Department and served on its national Corporate Finance Administrative Committee. In 1984, he and

Warren Hellman F. Warren Hellman (July 25, 1934 – December 18, 2011) was an American billionaire investment banker and private equity investor, the co-founder of private equity firm Hellman & Friedman. Hellman also co-founded Hellman, Ferri Investment Asso ...

founded

, an investment company. Since 1997, he has served as chairman and CEO of

Friedman Fleischer & Lowe FFL Partners, LLC, previously known as Friedman Fleischer & Lowe, is an American private equity firm, founded in 1997 by Tully Friedman, Spencer Fleischer, David Lowe, and Christopher Masto. The firm makes investments primarily through leveraged ...

, a

private equity firm A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...

Board memberships and philanthropy

He sits on the boards of

Clorox The Clorox Company (formerly Clorox Chemical Company) is an American multinational manufacturer and marketer of consumer and professional products. As of 2024, the Oakland, California-based company had approximately 8,000 employees worldwide. N ...

, Kool Smiles, NCDR,

Church's Chicken Church's Texas Chicken is an American fast food restaurant chain that specializes in fried chicken and is headquartered in Atlanta, Georgia. The chain was founded as Church's Fried Chicken To-Go by George W. Church Sr. in April 1952, in San Ant ...

, Cajun Operating Company, Archimedes Technology, and DPMS LLC. He previously served on the Boards of CapitalSource, Levi Strauss & Co.,

Mattel Mattel, Inc. ( ) is an American multinational corporation, multinational toy manufacturing and entertainment company headquartered in El Segundo, California. Founded in Los Angeles by Harold Matson and the husband-and-wife duo of Ruth Handler, ...

, and

McKesson Corporation McKesson Corporation is a publicly traded American company that distributes Medication, pharmaceuticals and provides health information technology, Medical device, medical supplies, and Health administration, health management tools. The company ...

. He is a former president of the

San Francisco Opera The San Francisco Opera (SFO) is an American opera company founded in 1923 by Gaetano Merola (1881–1953) based in San Francisco, California. History Gaetano Merola (1923–1953) Merola's road to prominence in the Bay Area began in 1906 wh ...

Association and chairman of Mount Zion Hospital and Medical Center. He is also chairman of the

board of trustees A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

of the

American Enterprise Institute The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a center-right think tank based in Washington, D.C., that researches government, politics, economics, and social welfare ...

. He also sits on the board of trustees of the Telluride Foundation in

Telluride, Colorado Telluride is the county seat and most populous town of San Miguel County, Colorado, San Miguel County in the southwestern portion of the U.S. state of Colorado. The town is a former silver mining camp on the San Miguel River (Colorado), San M ...

. and St. Paul's School in

Concord, New Hampshire Concord () is the capital city of the U.S. state of New Hampshire and the county seat, seat of Merrimack County, New Hampshire, Merrimack County. As of the 2020 United States census the population was 43,976, making it the List of municipalities ...

.https://www.sps.edu/about/leadership/board-of-trustees/tully-friedman-p1717

Personal life

His first wife was Ann Fay Barry. In 1995, he married Elise Dorsey in an

Episcopal Episcopal may refer to: *Of or relating to a bishop, an overseer in the Christian church *Episcopate, the see of a bishop – a diocese *Episcopal Church (disambiguation), any church with "Episcopal" in its name ** Episcopal Church (United States ...

ceremony in

Sonoma, California Sonoma () is a city in Sonoma County, California, United States, located in the North Bay region of the San Francisco Bay Area. Sonoma is one of the principal cities of California's Wine Country and the center of the Sonoma Valley AVA. Sonoma' ...

. They have two children, Alexander and Allegra. Until November 2012, Friedman owned a neo-classical-style home in

Woodside, California Woodside is a incorporated town in San Mateo County, California, United States, on the San Francisco Peninsula. It has a council–manager system of government. The population of the town was 5,309 at the 2020 census. The town's population ha ...

, that was featured in the book, ''Extraordinary Homes California: an Exclusive Showcase of the Finest Architects, Designers and Builders in California''.Lauren Beale
Estate in Woodside, a Silicon Valley haven, sells for $117.5 million
''

Los Angeles Times The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of new ...

'', January 28, 2013Alyssa Abkowitz
A Greenwich House Aims to Sell for $190 Million
''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'', May 17, 2013

References

{{DEFAULTSORT:Friedman, Tully 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