Friedman Fleischer & Lowe was formed in 1998 by a group of experienced professionals led by Tully M. Friedman, Spencer C. Fleischer, David L. Lowe and Christopher A. Masto. The partnership focuses on investing in middle-market companies where the substantial strategic and operating expertise of FFL's principals can help management improve margins, make acquisitions, and grow earnings. Our first fund, Friedman Fleischer & Lowe Capital Partners, L.P., closed in September of 1999. We closed Friedman Fleischer & Lowe Capital Partners II, L.P. in June 2004, will close Friedman Fleischer & Lowe Capital Partners III, L.P. in May 2008, and currently have over $2 billion under management.

Our capital comes largely from US and international institutions: public and private pension funds, endowments, foundations, fund managers, and financial institutions. In addition, senior executives from industry and academia have invested in our fund as Executive Investors. They have been successful in a broad range of industries and disciplines, and their experience and perspective is an important resource.