Welsh, Carson, Anderson & Stowe ("WCAS") was formed in 1979
and focuses on investing in two growth industries,
information/business services and healthcare, primarily in the
United States. WCAS has a current portfolio of approximately 30
companies and has organized 15 limited partnerships with total
capital of $20 billion, consisting of 11 Equity Partnerships and 4
Subordinated Debt Partnerships. We are currently investing an
equity fund, Welsh, Carson, Anderson & Stowe XI, L.P.
Our strategy is to (i) buy growth businesses, (ii) partner with
outstanding management teams and (iii) build value for our
investors through a combination of operational improvements,
internal growth initiatives and strategic acquisitions. WCAS
differentiates itself from other private equity firms by our
industry specialization, investment track record, growth oriented
and operational focus, repeat management teams, and the continuity
and financial commitment of our firm.
WCAS emphasizes strong alignment of interests with our Limited
Partners. The WCAS General Partners are the second largest investor
in Welsh, Carson, Anderson & Stowe XI, L.P. Our investors
include prominent public and private pension funds, banks,
insurance companies, university endowments, sovereign wealth funds
and other institutional investors. Most of our investors have
participated in several WCAS Partnerships.