MT. KISCO, N.Y.--(BUSINESS WIRE)--Kohlberg & Company, L.L.C., (“Kohlberg”), a private equity firm specializing in middle market investing, announced today the final closing of its seventh private equity fund, Kohlberg Investors VII, L.P. with $1.6 billion in commitments from its investors. The Fund surpassed its $1.5 billion target, closing at its “hard cap” due to strong support from existing investors, together with commitments from other leading institutional investors.
“We received strong investor demand for this fund, and are deeply gratified by the continued support from our existing limited partners and pleased to welcome the limited partners who have joined our investor group,” said Sam Frieder, Managing Partner at Kohlberg. “Our success in raising Fund VII is continued validation of our investment philosophy and the strength and quality of our team over the last 25 years.”
Over 50 investors participated as limited partners in Kohlberg Investors VII, including a broad mix of public and corporate pension funds, endowments, sovereign wealth funds, insurance companies and family offices across the globe.
Mr. Frieder added: “This outcome is consistent with the goals that we set at the commencement of the fundraising process in terms of investor quality, scale and geography. We are delighted with the complementary mix of existing and new investors that comprise the fund, and with the geographic diversity of our LP base. Over 20% of committed capital comes from investors located outside of the U.S., primarily in Europe and Asia.”
Lazard acted as placement agent for Kohlberg, while Ropes & Gray served as legal counsel in the formation of Kohlberg Investors VII.
About Kohlberg & Company, L.L.C.
Kohlberg & Company, L.L.C. is a private equity firm specializing in middle market investing. Since its inception in 1987, Kohlberg has organized seven private equity funds, through which it has raised over $5 billion of committed equity capital. Over its 25 year history, Kohlberg has completed 59 control-buyout transactions and over 100 add-on acquisitions, with an aggregate transaction value of over $9 billion. Kohlberg invests across five industry segments: industrial manufacturing; consumer products; business services; healthcare services; and financial services. Of particular interest to Kohlberg are businesses in need of operational and strategic repositioning, and the firm has developed sourcing and execution expertise around complex situations, with a specialty in corporate carve-out and public-to-private transactions. The firm concentrates on transactions with EBITDA between $20 million and $100 million where it can invest between $50 million and $200 million of equity. Presently, Kohlberg’s portfolio encompasses 19 companies with aggregate revenues of approximately $7 billion.
For more information, please visit www.kohlberg.com.
