Welsh, Carson, Anderson and Stowe

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." 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.).

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." 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.

Management
As of February 2013
 * Jonathan Rather - General Partner & CFO
 * Fran Higgins - Managing Director of Investor Relations
 * Eileen Nelson - Managing Director of Business Development

General partners
As of February 2013
 * Bruce K. Anderson
 * Russell L. Carson
 * John D. Clark
 * Anthony J. de Nicola
 * Michael E. Donovan
 * Tony F. Ecock
 * Eric J. Lee
 * D. Scott Mackesy
 * Paul B. Queally
 * Jonathan M. Rather
 * Brian T. Regan
 * Thomas A. Scully
 * Sanjay Swani
 * Sean M. Traynor
 * Patrick J. Welsh

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

 * Fix the Debt Portal Page
 * Fix the Debt's Leadership
 * Fix the Debt's Partner Groups
 * Fix the Debt's State Chapters
 * Fix the Debt's Lobbyists
 * Fix the Debt's Parent Group
 * Fix the Debt's Corporations
 * Pete Peterson
 * Peter G. Peterson Foundation
 * America Speaks
 * Simpson-Bowles Commission
 * Erskine Bowles
 * Alan Simpson
 * Social Security
 * Medicare
 * Medicaid