Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Firms / F••

F••

Buyout firm · probableMiddle marketSan Francisco, CAf•••••••••.comSEC registered investment adviser

A specialized private equity firm known for deep expertise in healthcare and tech-enabled services and 29 years of successful middle-market investing.

Classification
Class
Buyout firmprobable, confidence 80%
Basis
own website statement
Size band
Middle marketdefined by: proxy: $2.97bn Private Equity Fund GAV on the Form ADV filed 2024-03-28
Classification history (2)
  1. Sep 15, 2026
    Buyout firm (probable, 80%, cls-pe-2)
    own website statement
    FFL Partners is a focused private equity firm
    f•••••••••.com
  2. Sep 13, 2026
    Buyout firm (confirmed, 85%, cls-pe-1)
    R6: 46 of 46 distinct vehicles are sworn P•••••• Equity Funds; 23 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
Adviser type
registered investment adviser
Form ADV filings
Feb 14, 2012 to Mar 28, 2024
RAUM
$3.0Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
34
PE fund GAV, latest filing
$3.0Breported gross assets (Form ADV), not fund size
All private fund GAV
$3.0Bevery private fund type, latest filing
2024 PE fund GAV
$3.0Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
100%
Fund type mix
filed 2024-03-28, latest gav Private Equity Fund $3.0B, latest counts Private Equity Fund 34, lifetime distinct Private Equity Fund 46
Employees
39
Headquarters
San Francisco, CA
Office address
333 BUSH STREET, SUITE 1450, San Francisco, CA, 94104-2806
Business phone
415-402-2100
Stated criteria beside observed behaviour
29 observed deals
Stated by the firm
Sectors
healthcare, technology
Geography
North America
Revenue
not stated or not yet read
EBITDA
not stated or not yet read
Enterprise value
not stated or not yet read
Equity check
$50.0M to $200M
Control
not stated or not yet read
Thesis
FFL invests in healthy, growing North American businesses in healthcare and tech-enabled services.
Observed from deals on record
roles
unknown 28, platform 1
period
to 2025-10-23, from 2025-10-23, undated holdings 28, dated observations 2
window
last 2025-10-23, first 2025-10-23
control
control 1, unknown 28
companies
29
geography
count 1, share 0.034, value AL
investments
29
seller kinds
transactions
1
cadence by year
2025 platforms 1
platform add on
add ons 0, platforms 1, add ons per platform unknown
sector known for
9
disclosed value usd
n 0
sector distribution
count 4, share 0.138, value healthcare services, examples Autism Learning Partners current, Summit Behavioral Healthcare exited, Orthodontic Partners current, Guardian Home Care exited, count 3, share 0.103, value tech enabled services, examples Medicus IT exited, Anova, Abacus current, count 1, share 0.034, value software, examples TriTech Software Systems exited, count 1, share 0.034, value business services, examples Pioneer HOA current
holding period years
n 0
repeat counterparties
subsector distribution
count 2, share 0.069, value it services msp, examples Medicus IT exited, Abacus current, count 2, share 0.069, value outpatient mental health substance, examples Autism Learning Partners current, Summit Behavioral Healthcare exited, count 1, share 0.034, value software, examples TriTech Software Systems exited, count 1, share 0.034, value property management, examples Pioneer HOA current, count 1, share 0.034, value iot connectivity services, examples Anova, count 1, share 0.034, value dental, examples Orthodontic Partners current, count 1, share 0.034, value home health, examples Guardian Home Care exited

29 companies on the graph (1 transactions); most in healthcare services (4); 1 platforms and 0 add-ons; observed 2025 to 2025

Funds
46 on record
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
F•• V• A••• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2024
first reported on Form ADV
$60.6M
as of Mar 28, 2024
no Form DUnknown
F•• V• A••• C••••••••• P••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2024
first reported on Form ADV
$29.5M
as of Mar 28, 2024
no Form DUnknown
F•• V• P•••• H••••• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2023
first reported on Form ADV
$8.5M
as of Mar 28, 2024
no Form DEarly deployment
F•• V• A••••• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2023
first reported on Form ADV
$5.3M
as of Mar 28, 2024
no Form DEarly deployment
F•• V• O•• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2023
first reported on Form ADV
$4.4M
as of Mar 28, 2024
no Form DUnknown
F•• P••••••• C•• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2022
first reported on Form ADV
$206M
as of Mar 28, 2024
no Form DUnknown
F•• C•••••• P••••••• C•• L•••
ADV: P•••••• Equity Fund
Buyout fund2022
first reported on Form ADV
$202M
as of Mar 28, 2024
no Form DUnknown
F•• V• N•• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2022
first reported on Form ADV
$94.9M
as of Mar 28, 2024
no Form DEarly deployment
F•• V• C•• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2022
first reported on Form ADV
$58.8M
as of Mar 28, 2024
no Form DEarly deployment
F•• V• C••• H••••••• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2022
first reported on Form ADV
$14.6M
as of Mar 28, 2024
no Form DUnknown
F•• P••••••• F•••••• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2022
first reported on Form ADV
$0
as of Mar 28, 2024
no Form DUnknown
F•• C• F•••••• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2022
first reported on Form ADV
$0
as of Mar 28, 2024
no Form DUnknown
F•• C•••••• P••••••• V• L•••
ADV: P•••••• Equity Fund
Buyout fund2021
first reported on Form ADV
$966M
as of Mar 28, 2024
no Form DUnknown
F•• P••••••• F••• V• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2021
first reported on Form ADV
$278M
as of Mar 28, 2024
no Form DUnknown
F•• I••••••••• P••••••• V• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2021
first reported on Form ADV
$160M
as of Mar 28, 2024
no Form DUnknown
F•• E•••••••• P••••••• V• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2021
first reported on Form ADV
$10.4M
as of Mar 28, 2024
no Form DUnknown
F•• E• I•••••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2017
first reported on Form ADV
$0
as of Mar 30, 2023
no Form DWound down
F•• I• I•••••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2017
first reported on Form ADV
$0
as of Mar 30, 2023
no Form DWound down
F•• C• I•••••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2017
first reported on Form ADV
$0
as of Mar 30, 2023
no Form DWound down
F•• P• I•••••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2017
first reported on Form ADV
$0
as of Mar 30, 2023
no Form DWound down
F•• I• C••••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2016
first reported on Form ADV
$11.2M
as of Mar 28, 2024
no Form DSuccessor fundraising
F•• I••••••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2016
first reported on Form ADV
$8.3M
as of Mar 28, 2024
no Form DHarvest
F•• E•••••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2016
first reported on Form ADV
$6.5M
as of Mar 28, 2024
no Form DHarvest
F•• I• C••••••••• P••••••• F•••• L•••
ADV: P•••••• Equity Fund
Co-investment vehicle2016
first reported on Form ADV
$4.8M
as of Mar 28, 2024
no Form DSuccessor fundraising
F•• P••••••• F••• I• ••••••• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2015
first reported on Form ADV
$12.1M
as of Mar 28, 2024
no Form DHarvest
F•• C•••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
Buyout fund2014
first reported on Form ADV
$418M
as of Mar 28, 2024
no Form DHarvest
F•• P••••••• F••• I•• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2014
first reported on Form ADV
$268M
as of Mar 28, 2024
no Form DHarvest
F•• P••••••• F••• I• •••• L•••
ADV: P•••••• Equity Fund
Feeder or parallel2014
first reported on Form ADV
$131M
as of Mar 28, 2024
no Form DHarvest
F•• D••••••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
buyout or unlabelled2014
first reported on Form ADV
$9.2M
as of Mar 28, 2024
no Form DHarvest
F••••••• F•••••••• • L••• C•••••• P••••••• I• •••••••• L•••
ADV: P•••••• Equity Fund
Buyout fundunknown$50.6M
as of Apr 4, 2012
no Form DWound down
F•• C•••••• P••••••• I• •••• L•••
ADV: P•••••• Equity Fund
Buyout fundunknown$8.6M
as of Mar 27, 2013
no Form DWound down
F•• P••••••• F••• I• •••••••• L•••
ADV: P•••••• Equity Fund
Feeder or parallelunknown$1.9M
as of Apr 4, 2012
no Form DWound down
F•• E•••••••• P••••••• I• •••••••• L•••
ADV: P•••••• Equity Fund
Feeder or parallelunknown$421,402
as of Apr 4, 2012
no Form DWound down
F•• P••••••• F••• I• •••• L•••
ADV: P•••••• Equity Fund
Feeder or parallelunknown$414,433
as of Mar 27, 2013
no Form DWound down
F•• E•••••••• P••••••• I• •••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$281,047
as of Mar 27, 2013
no Form DWound down
F•• D••••••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$0
as of Mar 28, 2024
no Form DUnknown
F•• E•••••••• P••••••• I••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$0
as of Mar 28, 2024
no Form DHarvest
F•• I••••••••• P••••••• I••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$0
as of Mar 28, 2024
no Form DHarvest
F••••••• F•••••••• • L••• C•••••• P•••••••• L•••
ADV: P•••••• Equity Fund
Buyout fundunknown$0
as of Mar 30, 2023
no Form DWound down
F•• P••••••• F••• I••• L•••
ADV: P•••••• Equity Fund
Feeder or parallelunknown$0
as of Mar 28, 2024
no Form DHarvest
F•• D••••••••• P••••••• I••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$0
as of Mar 28, 2024
no Form DHarvest
F••••••• F•••••••• • L••• C•••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
Buyout fundunknown$0
as of Mar 28, 2024
no Form DUnknown
F•• E•••••••• P••••••• I•• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$0
as of Mar 28, 2024
no Form DUnknown
F•• E•••••••• P•••••••• L•••
ADV: P•••••• Equity Fund
buyout or unlabelledunknown$0
as of Mar 30, 2023
no Form DWound down
F•• P••••••• F••• I•• L•••
ADV: P•••••• Equity Fund
Feeder or parallelunknown$0
as of Mar 28, 2024
no Form DUnknown
F••••••• F•••••••• • L••• C•••••• P••••••• I••• L•••
ADV: P•••••• Equity Fund
Buyout fundunknown$0
as of Mar 28, 2024
no Form DHarvest
Team
34 current, 2 former
Managing partner (10)
Vice president (8)
Business development (1)
2 former (kept with end dates)
Portfolio
29 relationships, 1 platforms, 0 add-ons
CompanyRoleStatusInvestedHeldPartnerSource
J•••• R•PlatformactiveOct 23, 2025
transaction announcement
11 monthsK•••• W•••••••• (confirmed)Fact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
A••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
A•••••••• P••••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
A••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
A••••Role unknownexited
exited Jan 22, 2026
unknownunknownunknownFact Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
A•••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
A••••• L••••••• P••••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
C•••••••• M•••••• S••••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
C••••• P••••••••• I•••••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
E•••••• P••••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
E•••••• E••••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
G••••••• H••• C••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
J••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
J•••••• C••••• C••••••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
M•••••• I• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
N•• L••• V••••• G•••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
O•• S••••• C••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
O•••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
O••••••••• P••••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
P••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
P•••••• C••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
P•••••• H•• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
P••••••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
S••••• B••••••••• H••••••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
T•••••• S••••••• S•••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
U••• O••••••••• P••••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
V•••••• H••••• e•••••Role unknownexitedunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
W••••• P••••••• c••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
W•••••••••Role unknownactiveunknownunknownunknownFact Investment organization websites (team, portfolio, strategy, criteria, news)
Transactions
2 on record
DateTypeTargetThis firm’s roleSource
Jan 22, 2026Exit to a strategic buyerA••••Seller (confirmed)f•••••••••.com
Oct 23, 2025Platform acquisitionJ•••• R•Sponsor (confirmed)f•••••••••.com
Placement agents, lenders, advisers and co-investors
7 relationships
Placement agents (3)
  • A•••••• F••••••••• L•• 6 shared · very strong · last Jan 1, 2024
  • M•••••• P•••••• E••••• A••••••• U•• L•• 5 shared · very strong · last Jan 1, 2015
  • A•••••• F•••••••• L•• 4 shared · strong · last Jan 1, 2021
Financial advisers (1)
  • B••• 1 shared · one time · last Oct 23, 2025
Legal advisers (3)
  • K••••••• • E•••• L•• 1 shared · one time · last Oct 23, 2025
  • B•••• • S••• 1 shared · one time · last Oct 23, 2025
  • B•••••• A•••• B•••• C••••••• L•• 1 shared · one time · last Oct 23, 2025
LP commitments
1 disclosed
Events
11 most recent
  1. Jul 24, 2026
    A••• Infusion Partners with SkyKnight Capital July 24, 2026 Read A••• has entered into a definitive agreement to partner with SkyKnight Capital, with FFL remaining a minority investor.
  2. Mar 29, 2026
    Ffl: P•••••• Equity Funds on Form ADV 34 (2024 extract) -> 30 (roster 2026-09-01)
  3. Jan 22, 2026
    FFL Partners Completes Sale of A•••• to Aurora Capital Partners
  4. Jan 22, 2026
    FFL Partners Completes Sale of A•••• to Aurora Capital Partners January 22, 2026 Read Transaction positions a global IIoT leader for its next stage of growth
  5. Oct 23, 2025
    FFL Partners Completes Investment in J•••• R•
  6. Oct 23, 2025
    FFL Partners Completes Investment in J•••• R• October 23, 2025 Read The partnership will facilitate scaling the strategic growth of one of the leading behavioral pharmacies.
  7. Jul 29, 2025
    Mark Eldridge, A••••• Bull A••• Names A••••• Bull as CEO July 29, 2025 Read Mark Eldridge, A••••• Bull The new CEO was president of the leading specialty staffing firm. Founder Mark Eldridge becomes chairman.
  8. Jul 15, 2025
    FFL Merges A••••• and M•••••• IT, as Multi-Vertical MSPs Gain Traction July 15, 2025 Read FFL Partners’ J••••••• B••• on the merger and the powerful synergies in the IT managed services space.
  9. Jul 15, 2025
    A••••• and M•••••• IT Merge July 15, 2025 Read The merger creates the leading IT managed services platform focused on financial services and healthcare.
  10. Jun 11, 2025
    JCCT Appoints New CEO to Accelerate Growth and Innovation June 11, 2025 Read Dan White brings more than 30 years of experience in the clinical research industry.
  11. Feb 14, 2012
    Ffl first filed Form ADV in the extract (IA)
Across the graphs

F•• is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Allocators.

Independent Sponsors1RIA and Wealth1Allocators1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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