The firm's first private equity fund, Friedman Fleischer & Lowe Capital Partners closed in September 1999 with $333 million of investor commitments.

[11] Almost five years later, the firm completed raising $811 million of investor commitments for its second fund, Friedman Fleischer & Lowe Capital Partners II in June 2004.

In 2007, the firm raised its third investment fund, Friedman Fleischer & Lowe Capital Partners III, with $1.5 billion of investor commitments.

[12] The following are among the firm's most notable current and previous portfolio companies: HEC-Dow Jones's Private Equity Performance Ranking lists the world's top private equity firms in terms of aggregate performance and listed FFL for three years: FFL's team consists of experienced professionals with diverse backgrounds in operational and strategic management, investment banking, private equity investing, and consulting.

The firm’s principals have invested over $2.5 billion in over 50 companies and have over 100 years of collective experience as investors, senior operating executives, and advisors.