Welsh, Carson, Anderson and Stowe

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{{#badges:FTD}} Welsh, Carson, Anderson & Stowe LLC was founded in 1979 and is headquartered in New York City. WCAS describes itself as focused "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."[1] WCAS was originally a venture capital firm and WCAS’s first Equity Partnership totaled $33 million in commitments.

WCAS was founded by Patrick Welsh, Russell Carson & Bruce Anderson.Patrick Welsh and Russ Carson had previously served as President and Chairman of Citicorp Venture Capital. Bruce Anderson was formerly Executive Vice President of Automatic Data Processing. In 1979, Rick Stowe joined WCAS as a General Partner, having worked previously at New Court Securities Corporation (now Rothschild Inc.).[2]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Welsh, Carson, Anderson and Stowe is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Personnel

Management

As of February 2013[3]

General partners

As of February 2013[4]

Contact details

Welsh, Carson, Anderson & Stowe
320 Park Avenue, 
Suite 2500

New York, New York 10022-6815

Phone: (212) 893-9500
Fax: (212) 893-9575
Web: www.welshcarson.com

Resources and articles

WCAS's "Our Firm" page

Featured SourceWatch Articles on Fix the Debt

References

  1. ↑ Welsh, Carson, Anderson & Stowe, "Our Firm", organization website, accessed February 17, 2013
  2. ↑ Welsh, Carson, Anderson & Stowe, "Our History", organization website, accessed February 4th, 2013
  3. ↑ Welsh, Carson, Anderson & Stowe, "Contact" page, organization website, accessed February 17, 2013
  4. ↑ Welsh, Carson, Anderson & Stowe, "Contact" page, organization website, accessed February 17, 2013
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