Welsh, Carson, Anderson & Stowe was formed in 1979 by three founders, Patrick Welsh, Russ Carson and Bruce Anderson. Patrick Welsh and Russ Carson had previously served as President and Chairman of Citicorp Venture Capital, respectively. Bruce Anderson was formerly Executive Vice President of Automatic Data Processing. WCAS was originally a venture capital firm and our first Equity Partnership totaled $33 million in commitments. In 1979, Richard Stowe joined WCAS as a General Partner, having worked previously at New Court Securities Corporation (now Rothschild Inc.). From the beginning, WCAS emphasized a partnership philosophy among our General Partners, employees, Limited Partners, portfolio management teams and other service providers.

In the mid 1980s, the General Partners noted that our most successful investments were in two industries, technology and healthcare, and were structured as buyouts in which WCAS assumed control of portfolio companies. As a result, we began focusing exclusively on control buyouts in technology and healthcare in WCAS V, L.P, which closed in 1989.

Today, WCAS has been in business for over 38 years, having raised over $22 billion of capital in twelve Equity Partnerships and four Subordinated Debt Partnerships. Our General Partners work in our New York and San Francisco offices. The General Partners are assisted by Investment Professionals and Resources Group professionals with deep industry and operational expertise. Our culture, which was fostered by our Founders, remains based on a true partnership philosophy, emphasizing a collegial and team approach to projects and an absolute commitment to maintaining the highest standards of integrity and professionalism.
 

 

Welsh, Carson, Anderson & Stowe Timeline