Buyouts Executive Editor David Toll interviews Tully Friedman, co-founder of Hellman & Friedman and FFL Partners. Photo by Sam Sutton.
High prices for mediocre assets will “end in tears,” says Friedman
FFL IV roughly 60 pct deployed
FFL focusing more on small sub-sectors, like optical retail
Tully Friedman has seen this movie before. “I’ve operated through four or five of these cycles, and I don’t think it’s even a close call. We’re at a [market] peak,” said Friedman, who was accepting a lifetime achievement award at ...