FFL
FFL is a Series C+ and buyout fund in the US writing $50M–$200M checks into Healthcare and tech-enabled-services.
- Stages
- Series C+, buyout
- Sectors
- Healthcare, tech-enabled-services
- Check size
- $50M–$200M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1997
- Assets under management
- $5.4B
- Website
- fflpartners.com
Thesis
FFL Partners, a private equity firm founded in 1997 and headquartered in San Francisco, California, focuses on investing in the U.S. middle market. The firm has a specialized investment strategy concentrating on healthcare and tech-enabled services. FFL employs a proprietary sourcing and value creation strategy called the Sector Exploration and Expertise Development (SEED) process, which involves deep immersion in specific sub-sectors to gain access to opportunities. They aim to partner with strong management teams and use a high-engagement approach to accelerate growth. FFL invests in healthy, growing North American businesses, typically committing $50 million to $200 million per transaction, with flexibility for larger deals. Their strategy includes control or significant minority stake transactions. The firm has raised approximately $7 billion in cumulative capital commitments and reported $4.106 billion in AUM as of March 2026. They are currently investing out of their sixth fund. FFL Capital Partners V, L.P., closed in May 2022 with over $900 million in commitments.
Common questions
Does FFL invest at the Series C+ stage?
Yes. FFL lists Series C+ and buyout among the stages it invests in.
What check size does FFL write?
FFL writes $50M–$200M checks.
Where does FFL invest?
FFL invests in the US.