Hellman & Friedman in Funds of Funds Manager Acquisition

November 12, 2007

Cleary Gottlieb is advising Hellman & Friedman LLC in its acquisition of a minority stake in Grosvenor Capital Management, a leading manager of funds of hedge funds with $24 billion of assets under management. The amount of H&F’s investment was not disclosed.

H&F is a leading private equity investment firm with offices in San Francisco, New York and London. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries, including business services, asset management, information services, media, energy and healthcare.