Kohlberg & Company (“Kohlberg”), closed a $1.1 billion Continuation Vehicle transaction co-led by affiliates of BlackRock, GIC and Lexington Partners. The Continuation Vehicle encompasses the remaining assets of Kohlberg Investors VII (“Fund VII”), a 2012 vintage fund with $1.6 billion in capital commitments, and is the first continuation vehicle to be established by Kohlberg.
The Continuation Vehicle will support the growth of four platform investments, while simultaneously providing Fund VII Limited Partners an attractive liquidity opportunity to solidify their returns.
“We are pleased to present Fund VII’s Limited Partners with this opportunity – Kohlberg’s first continuation vehicle,” said Samuel P. Frieder, Managing Partner of Kohlberg. “We believe this transaction provides our Limited Partners with the maximum optionality to make the best choice for their investment objectives. The development of this vehicle also provides Kohlberg with the advantage of additional time and resources to further implement our growth and operational strategies to maximize value creation. We look forward to collaborating with these three world-class investors in this exciting effort.”
Source: StreetInsider
