Berkshire Partners - History

History

History of private equity
and venture capital

Early history
(Origins of modern private equity)

The 1980s
(LB The 1990s
(LBO bust and the VC bubble)

The 2000s
(Dot-com bubble to the credit crunch)

Berkshire Partners was founded by Bradley M. Bloom, J. Christopher Clifford, Carl Ferenbach, Richard K. Lubin and Russell L. Epker in 1984. The firm traces its roots back to Boston's Thomas H. Lee Partners, a large-cap private equity firm founded a decade earlier. Since its founding in 1984, Berkshire has raised eight private equity funds with total investor commitments of $11.0 billion since inception.

  • Berkshire Fund I (1984) - $59 million
  • Berkshire Fund II (1986) - $125 million
  • Berkshire Fund III (1992) - $168 million
  • Berkshire Fund IV (1996) - $387 million
  • Berkshire Fund V (1998) - $985 million
  • Berkshire Fund VI (2002) - $1.7 billion
  • Berkshire Fund VII (2006) - $3.1 billion
  • Berkshire Fund VIII (2011) - $4.5 billion

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