UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                    FORM 13F
                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: MARCH 31, 2012
                                               --------------

Check here if Amendment [  ]; Amendment Number:
     This Amendment (Check only one):  [  ] is a restatement.
                                       [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     HELLMAN & FRIEDMAN INVESTORS V (CAYMAN), LTD.
Address:  c/o Intertrust Corporate Services (Cayman) Limited
          190 Elgin Avenue
          George Town, Grand Cayman, KY1-9005, Cayman Islands

Form 13F File Number:  028-15093

The  institutional  investment manager filing this report and the person by whom
it  is  signed hereby represent that the person signing the report is authorized
to  submit  it,  that  all  information  contained  herein  is true, correct and
complete,  and  that  it  is  understood  that  all  required items, statements,
schedules,  lists,  and  tables,  are  considered  integral parts of this form.*

Person Signing this Report on Behalf of Reporting Manager:

Name:   Arrie R. Park
Title:  Vice President
Phone:  (415) 788-5111

Signature, Place and Date of Signing:

/s/ Arrie R. Park              San Francisco, CA          January 23, 2013
-----------------              -----------------          ----------------
[Signature]                    [City, State]              [Date]

* The Reporting Manager does not have formal investment discretion with respect
to all of the securities in the indicated rows, but may be deemed to be part of
a group exercising such investment discretion. Such group, if any, would include
the managers identified in the column captioned "Other Managers" relating to a
given issuer. The filing of this report shall not be deemed an admission, for
purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), and the rules thereunder, or for
any other purpose, that the Reporting Manager or any Other Included Manager
exercises investment discretion or is a member of such a group with respect to
such securities. Reference is made to reports filed under Sections 13(d), 13(g),
and 16(a) for additional information with respect to such beneficial ownership
and/or pecuniary interest of the Reporting Manager, any Other Included Manager
and related entities.





Report Type (Check only one):

[X] 13F HOLDINGS REPORT.  (Check here if all holdings of this reporting manager
    are reported in this report.)

[ ] 13F NOTICE.  (Check here if no holdings reported are in this report, and
    all holdings are reported by other reporting manager(s).)

[ ] 13F COMBINATION REPORT.  (Check here if a portion of the holdings for this
    reporting manager are reported in this report and a portion are reported by
    other reporting manager(s).)



                             FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:          2

Form 13F Information Table Entry Total:     2

Form 13F Information Table Value Total:     $966,589 (in thousands)


List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

No.  Form 13F File Number  Name
---  --------------------  ----

1.   028-15094             Hellman & Friedman Investors V (Cayman), L.P.
2.   028-15096             Hellman & Friedman Capital Partners V (Cayman), L.P.







                 HELLMAN & FRIEDMAN INVESTORS V (CAYMAN), LTD.
                           FORM 13F INFORMATION TABLE
                          QUARTER ENDED MARCH 31, 2012




                                                  FORM 13F INFORMATION TABLE

        COLUMN 1            COLUMN 2    COLUMN 3  COLUMN 4        COLUMN 5          COLUMN 6  COLUMN 7       COLUMN 8
------------------------ -------------- --------- -------- ----------------------- ---------- -------- --------------------
                                                   VALUE      SHRS OR     SH/ PUT/ INVESTMENT  OTHER     VOTING AUTHORITY
     NAME OF ISSUER      TITLE OF CLASS   CUSIP   (x$1000)    PRN AMT     PRN CALL DISCRETION MANAGERS SOLE   SHARED   NONE
------------------------ -------------- --------- -------- -------------- --- ---- ---------- -------- ---- ---------- ----
                                                                                      
NIELSEN HOLDINGS N V     COM            N63218106  686,179 22,766,405 (a) SH       OTHER      1, 2        0 22,766,405    0
PARTNERRE LTD            COM            G6852T105  280,410      4,130,357 SH       OTHER      1, 2        0  4,130,357    0


(a)  Represents the proportionate interest in 236,266,399 shares held by Valcon
Acquisition Holding (Luxembourg) S.a.r.l. ("Luxco") attributable to ownership
interests in Luxco of certain investment funds affiliated with Hellman &
Friedman Investors V (Cayman), Ltd.