Welsh, Carson, Anderson & Stowe

Welsh, Carson, Anderson & Stowe
Company typeLimited liability company
IndustryPrivate equity
Founded1979 (1979)
Founder
Headquarters
New York, New York, United States
Key people
  • Anthony de Nicola (President & Managing Partner)
  • D. Scott Mackesy (Managing Partner)
  • Jon Rather (CFO/COO)
ProductsLeveraged buyout and Growth capital
Total assetsUS$27 billion
Number of employees
90
Websitewww.welshcarson.com

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing the industries of technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

WCAS has approximately 90 employees, including 15 general partners. The firm also has a Resources Group, which is composed of approximately 20 operating partners. The Resources Group assists the firm's portfolio companies by identifying and implementing initiatives focused on growth and operational improvement. The Resources Group works with the firm's investment professionals and portfolio company management teams to develop value maximization plans ("VMPs") for each new investment. These VMPs are unique for each portfolio company and encompass a wide range of strategic initiatives, including revenue enhancement and cost management strategies, corporate governance, motivation of key management team members, financial reporting dashboards, as well as potential acquisitions and integration timelines.