Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the technology and healthcare industries, has announced the appointment of Christopher Hooper as General Partner. Hooper will re-join the firm at its newly opened San Francisco office as a member of the Technology team.
Back in 2005, Hooper joined WCAS where he also worked on the Technology investment team before moving to a position at Golden Gate Capital in 2011. Prior to his initial tenure at WCAS, the Colgate University graduate of economics worked in investment banking at Lazard. Hooper will now work alongside Ian MacLeod, Operating Partner, and Caroline Dechert, Vice President, along with a growing team in Silicon Valley.
Founded in 1979, New York City-based WCAS has organized 16 limited partnerships with total capital of over $22 billion. Its current portfolio contains about 25 companies with annual revenue amounting to $15 billion in 2016. The firm focuses on partnering with top of the line management teams and adding value through a combination of operational improvements, internal growth initiatives and strategic acquisitions. Over the past four decades, the firm has invested $10 billion of equity in over 100 technology companies through its 12 funds. WCAS has dealt with leading companies such as Clearwater Analytics, QuickBase, Alert Logic, and NEWAsurion.
The firm is currently investing in an equity fund named Welsh, Carson, Anderson and Stowe XII L.P., which closed on over $3.3 billion in commitments.