Tully Friedman

Tully Friedman (born January 1942) is an American businessman. A founding partner of Hellman & Friedman,

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.

In 1997, Friedman left Hellman & Friedman to co-found Friedman Fleischer & Lowe (now FFL Partners), a San Francisco–based private equity firm.

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 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.