# Berkshire Partners

> Berkshire Partners is a Boston-based, employee-owned investment firm backing middle-market businesses through private equity and public equities through Stockbridge. It combines sector expertise with management partnerships and operating support, and closed its eleventh private equity fund at approximately $7.8 billion in October 2024.

- **Founded:** 1986
- **Headquarters:** Boston, United States
- **Founders:** Brad Bloom (Co-founder), Chris Clifford (Co-founder), Russ Epker (Co-founder), Carl Ferenbach (Co-founder), Richard Lubin (Co-founder)
- **Products:** Private equity investments, Stockbridge public equity, Portfolio operating support, Berkshire Fund XI
- **Notable:** Closed its largest fund to date, Fund XI, at approximately $7.8 billion in October 2024., Built both a private-equity platform and the Stockbridge public-equity business launched in 2007., Maintained an investment in Advanced Drainage Systems for nearly 30 years across private and public ownership.

## Products & services

- **Private equity investments** — Majority or minority investments in primarily North American middle-market companies; typical enterprise values of $200 million to $2 billion and equity investments of $150 million to $500 million or more.
- **Stockbridge public equity** — Public-equities business launched in 2007, using concentrated, long-term investing and research collaboration with the private equity team.
- **Portfolio operating support** — Works with management on executive hiring, operating systems, pricing, market expansion, acquisitions and integration, capital structure, cybersecurity, and data science and AI.
- **Berkshire Fund XI** — Eleventh private equity fund; final close announced October 30, 2024, with approximately $7.8 billion in commitments.

## Achievements

- Closed its largest fund to date, Fund XI, at approximately $7.8 billion in October 2024.
- Built both a private-equity platform and the Stockbridge public-equity business launched in 2007.
- Maintained an investment in Advanced Drainage Systems for nearly 30 years across private and public ownership.
- TowerNorth reported 231 towers in September 2026, compared with 64 at Berkshire’s initial September 2023 investment; this is a portfolio operating metric, not a fund return.

## Latest updates

- **2026-09** — September 17: TowerNorth announced additional Berkshire growth capital and a new debt facility; financial terms were not disclosed.
- **2026-09** — September 8: GE Aerospace announced an agreement to acquire CPP from Warburg Pincus and Berkshire for $11.75 billion. Expected close: second half of 2027, subject to approvals and conditions.
- **2026-06** — June 23: Harbourfront announced an agreement for a Berkshire investment at a C$1.775 billion valuation, expected to close in the second half of 2026, subject to conditions.
- **2026-04** — April 28: CrossFit announced Bruce Edwards would return as CEO on May 4 and said it was no longer seeking new ownership.
- **2026-01** — January 26: Berkshire appointed Richard Lichtenstein Operating Partner, Head of Data Science and AI, and promoted Limor Gultchin to Director, Data Science and AI.

## Links

- Website: https://berkshirepartners.com/
- LinkedIn: https://www.linkedin.com/company/berkshire-partners/
- Facebook: https://facebook.com/Berkshire-Partners-140857527175/

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Profile page: https://yespress.io/berkshire
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Last updated: 2026-10-26