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, as of 2013 he was chief executive of

Friedman, Fleischer and 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

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

-based private equity firm.

Early life

He graduated from Stanford University and received a J.D. from the

Harvard Law School Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each class ...

Career

He was managing director of

Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street duri ...

, 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 investment banker and private equity investor, the co-founder of Hellman & Friedman, a multibillion-dollar private equity firm. Hellman also co-founded Hellman, Ferri Inve ...

founded Hellman & Friedman, 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 is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including le ...

Board memberships and philanthropy

He sits on the boards of

Clorox The Clorox Company (formerly Clorox Chemical Company) is an American global manufacturer and marketer of consumer and professional products. As of 2020 the Oakland, California based company had approximately 8,800 employees worldwide. Net sales ...

Kool Smiles Kool Smiles is a dental services provider, based in the United States. Its headquarters are in the Kool Smiles Patient Support Center in Marietta, Georgia, U.S., in Greater Atlanta and has over 100 offices located across sixteen states. Kool ...

, 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. on April 17, 1952, in San ...

, Cajun Operating Company, Archimedes Technology, and DPMS LLC. He previously served on the Boards of

CapitalSource CapitalSource is a commercial lender in the United States. It is a division of Pacific Western Bank and provides senior debt loans of $5 million to $100 million to middle-market companies throughout the United States. The company targets specifi ...

, Levi Strauss & Co.,

Mattel Mattel, Inc. ( ) is an American multinational toy manufacturing and entertainment company founded in January 1945 and headquartered in El Segundo, California. The company has presence in 35 countries and territories and sells products in more ...

, and

McKesson Corporation McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and emplo ...

. He is a former president of the

San Francisco Opera 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 when h ...

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

board of trustees A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organ ...

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 Washington, D.C.–based think tank 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 in the southwestern portion of the U.S. state of Colorado. The town is a former silver mining camp on the San Miguel River in the western San Juan Mountains. The firs ...

Personal life

His first wife was Ann Fay Barry, granddaughter of

Paul B. Fay Paul Burgess Fay Jr. (July 8, 1918 – September 23, 2009) was the Acting United States Secretary of the Navy in November 1963, and a close confidant of President John F. Kennedy. Background Paul B. Fay Jr was born on July 8, 1918, in San Fra ...

. 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 State ...

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's ...

. Until November 2012, Friedman owned a neo-classical-style home in

Woodside, California Woodside is a small incorporated town in San Mateo County, California, United States, on the San Francisco Peninsula. Woodside is among the wealthiest communities in the United States, home to many technology billionaires and investment manager ...

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
''

The Los Angeles Times ''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in ...

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

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'', May 17, 2013

References

{{DEFAULTSORT:Friedman, Tully Stanford University alumni Harvard Law School alumni American businesspeople Jewish American philanthropists American Enterprise Institute Living people 1942 births People from Woodside, California 21st-century American Jews