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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 J4NnmY8+fj6WoSq8JGeNd2KI5pXzV+GTS7BGMTCoeVIEN2uQpe8IAz05WYawp/wK
 BucMMIbyFQCU2CiqCFO2nw==

<SEC-DOCUMENT>0000938775-05-000019.txt : 20050214
<SEC-HEADER>0000938775-05-000019.hdr.sgml : 20050214
<ACCEPTANCE-DATETIME>20050214124332
ACCESSION NUMBER:		0000938775-05-000019
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041231
FILED AS OF DATE:		20050214
DATE AS OF CHANGE:		20050214
EFFECTIVENESS DATE:		20050214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLUM CAPITAL PARTNERS LP
		CENTRAL INDEX KEY:			0000938775
		IRS NUMBER:				943205364
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-04768
		FILM NUMBER:		05606030

	BUSINESS ADDRESS:	
		STREET 1:		909 MONTGOMERY STREET # 400
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		4154341111

	MAIL ADDRESS:	
		STREET 1:		909 MONTGOMERY STREET
		STREET 2:		SUITE 400
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLUM RICHARD C & ASSOCIATES L P
		DATE OF NAME CHANGE:	19970219
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>blum13f1204.txt
<TEXT>
<TABLE>
                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
BISYS GROUP, INC.              COM              055472104    90804  5520000 SH       SOLE                  5520000
CB RICHARD ELLIS GROUP INC.    COM              12497T101   620902 18506778 SH       SOLE                 18506778
COPART, INC.                   COM              217204106   121925  4632400 SH       SOLE                  4632400
ERESEARCH TECHNOLOGY, INC.     COM              29481V108    36534  2305000 SH       SOLE                  2305000
HEALTH MANAGEMENT ASSOC. INC.  COM              421933102    80606  3547800 SH       SOLE                  3547800
ITT EDUCATIONAL SERVICES, INC. COM              45068B109   263099  5533100 SH       SOLE                  5533100
JANUS CAPITAL GROUP, INC.      COM              47102X105   102541  6100000 SH       SOLE                  6100000
KINETIC CONCEPTS, INC.         COM              49460W208   367942  4822309 SH       SOLE                  4822309
LINCARE HOLDINGS               COM              532791100   101294  2375000 SH       SOLE                  2375000
PEGASUS SOLUTIONS INC          COM              705906105    38955  3091695 SH       SOLE                  3091695
PERINI CORPORATION             COM              713839108    52025  3117147 SH       SOLE                  3117147
PRG-SCHULTZ INTERNATIONAL      COM              69357C107    46714  9287073 SH       SOLE                  9287073
PRG-SCHULTZ INTERNATIONAL      NOTE 4.75% 11/06 69357CAA5    35331  4651939 SH       SOLE                  4651939
SKILLSOFT PLC                  COM              830928107    23207  4107430 SH       SOLE                  4107430
SYNOPSYS INC                   COM              871607107    84554  4325000 SH       SOLE                  4325000
TCF FINANCIAL CORPORATION      COM              872275102    37662  1171800 SH       SOLE                  1171800
TIFFANY & COMPANY              COM              886547108    34112  1067000 SH       SOLE                  1067000
URS CORP                       COM              903236107   217667  6780907 SH       SOLE                  6780907
WESTERN WIRELESS CORPORATION   COM              95988E204    44964  1534600 SH       SOLE                  1534600
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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