MT. KISCO, N.Y.--(EON: Enhanced Online News)--Kohlberg & Company, L.L.C., (“Kohlberg”), a private equity firm specializing in middle market investing, announced today the final closing of its eighth private equity fund, Kohlberg Investors VIII, L.P. with $2.2 billion in total commitments. The Fund was oversubscribed and closed at its “hard cap” due to strong support from existing limited partners, coupled with commitments from new leading institutional investors.
“Our success in raising the fund is continued validation of our investment philosophy and the strength and quality of our team.”
“We are deeply gratified by the tremendous support from our existing limited partner base and pleased to welcome several new, distinguished limited partners to Fund VIII,” said Sam Frieder, Managing Partner at Kohlberg. “Our success in raising the fund is continued validation of our investment philosophy and the strength and quality of our team.”
Over 70 investors participated as limited partners in Kohlberg Investors VIII, including a broad mix of public and corporate pension funds, endowments, insurance companies and family offices across the globe.
Lazard acted as placement agent for Kohlberg, while Ropes & Gray served as legal counsel in the formation of Kohlberg Investors VIII.
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 eight private equity funds, through which it has raised $7.5 billion of committed equity capital. The firm has completed 70 control-buyout transactions and over 150 add-on acquisitions, with an aggregate transaction value of over $12 billion. Kohlberg invests across five industry segments: industrial manufacturing; consumer products; business services; healthcare services; and financial services. The firm concentrates on transactions with EBITDA between $25 million and $150 million where it can invest between $50 million and $300 million of equity.
For more information, please visit www.kohlberg.com.