X (Twitter) LinkedIn
    Saturday, December 9
    Login
    0 Shopping Cart
    X (Twitter) LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Kohlberg & Co. Banks $3.4 Billion for Ninth Fund
    Fundraising

    Kohlberg & Co. Banks $3.4 Billion for Ninth Fund

    February 8, 2021Updated:February 8, 20213 Mins Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Kohlberg & Company, L.L.C. (“Kohlberg”), a private equity firm specializing in middle market investing, announced today the final closing of its ninth private equity fund, Kohlberg Investors IX, L.P. (“Fund IX”) with $3.4 billion in total commitments.

    “We are grateful to our longtime investors for their continued support, and are pleased to welcome an august group of new investors into the Kohlberg community,” said Sam Frieder, Managing Partner at Kohlberg. “We are humbled and gratified by the enthusiasm expressed towards the Firm as experienced stewards of capital and view that responsibility as a privilege and an honor.”

    Global investors who participated as limited partners in Kohlberg Investors IX include a diverse group of public pension funds, financial institutions, endowments, family offices, corporate pensions, sovereign wealth funds and funds of funds, with commitments coming from investors in the United States, Canada, Europe, the Middle East and Asia. The overwhelming majority of investors from Fund VIII increased their commitment for Fund IX.

    “Kohlberg is delighted to have received such strong support from our existing limited partners and to have been able to secure commitments from several new investors, many through entirely virtual diligence,” said Shant Mardirossian, Chief Operating Officer at Kohlberg. “It was certainly an unprecedented period to be raising capital, and against that backdrop our proven track record of success, coupled with our over 30 years of experience in the middle market, especially resonated in our marketing efforts for Fund IX.”

    “The Firm looks forward to continuing to leverage its differentiated core practice area expertise and thesis-driven White Paper investment strategy into being the partner of choice for sellers and management teams,” said Gordon Woodward, Partner and Chief Investment Officer at Kohlberg. “We are excited by the opportunity to construct a portfolio poised to build on our consistent track record of business transformation and value creation.”

    Kohlberg has more than 60 investment and portfolio support professionals who will be responsible for deploying Fund IX. The investments will be focused across five broad sectors, including industrial manufacturing, consumer products, business services, healthcare services and financial services.

    Lazard acted as placement agent for Kohlberg, while Ropes & Gray served as legal counsel in the formation of Kohlberg Investors IX.

    About Kohlberg & Company, L.L.C.

    Kohlberg & Company, LLC (“Kohlberg”) is a leading private equity firm headquartered in Mount

    Kisco, New York. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised $11 billion of committed equity capital. Over its 34-year history, Kohlberg has completed 84 platform investments and over 200 add-on acquisitions, with an aggregate transaction value in excess of $27 billion.

    Source: Kohlberg

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Fundraising funds
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Warburg Pincus surpasses target to close $17bn private equity fund

    October 18, 2023

    Brookfield banks $12B for its largest PE fund

    October 18, 2023

    Parthenon Capital closes Fund VII at $4.5bn

    April 3, 2023

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Wafra raises $1.5B to acquire minority stakes in alt asset managers

    November 1, 2022

    Bunker Hill Capital sells Taos Mountain

    February 13, 2021

    Quinbrook acquires Habitat Energy

    November 30, 2021

    Peterson Private Equity closes USD225m Fund IX

    February 23, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    X (Twitter) LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?