Kohlberg Raises $1.5 Billion

Kohlberg & Co. has closed its sixth private equity fund with $1.5 billion in capital commitments. Lazard served as placement agent. The Mt. Kisco, N.Y.-based firm focuses on buyouts of middle-market companies, and raised $1.1 billion for its prior fund back in 2004.

 

PRESS RELEASE

 

Kohlberg & Company, L.L.C. announced today the final closing of its sixth private equity fund, Kohlberg Investors VI, L.P. with $1.5 billion in commitments from its limited partners. The Fund exceeded its initial target of $1.0 billion due to strong support from existing investors, together with commitments from other leading institutional investors. Approximately 65 investors participated as limited partners in the Fund.

Sam Frieder, Co-Managing Partner, noted: We are extremely gratified by the continued support from our existing limited partners and pleased to welcome the limited partners who have joined our investor group.

Our success in raising Fund VI is strong validation of our 20-year investment philosophy and the strength and quality of our team, added Chris Lacovara, Co-Managing Partner.

Established in 1987, Kohlberg makes control investments in middle market companies through divisional buyouts, public company buyouts, and acquisitions of privately held companies. Kohlberg has completed 47 platform investments and more than 50 add-on acquisitions, with aggregate transaction value in excess of $7.0 billion. Kohlberg typically invests in companies with revenues between $100 million and $500 million and seeks to provide up to $150 million of equity capital in a transaction. Kohlberg has invested approximately $2.0 billion across its five prior private equity funds. Kohlberg is located in Mt. Kisco, New York and Palo Alto, California.

Lazard acted as placement agent for Kohlberg.

For more information, please visit www.kohlberg.com.