– Kohlberg & Company, L.L.C. (Kohlberg), a private equity firm, announced the final closing of its 10th private equity fund, Kohlberg Investors X, L.P. (Fund X).
– Fund X raised $4.3 billion in commitments.
– Kohlberg also raised an additional $1.0 billion for dedicated co-investment vehicles alongside Fund X.
– Over 125 investors participated as limited partners in Fund X.
– Investor types include public pension funds, financial institutions, endowments, corporate pensions, sovereign wealth funds, family offices, and funds-of-funds.
– Commitments were received from investors across the U.S., Canada, Latin America, Europe, the Middle East, and Asia.
– Sam Frieder, Managing Partner at Kohlberg, said, “We are deeply gratified by the tremendous support from our existing limited partner base and are pleased to welcome a robust and distinguished group of new investors into the Kohlberg community.”
– Jessica Hoffman Brennan, Partner and Head of Strategy & Investor Relations, noted strong demand for Fund X and expanded relationships globally.
– Gordon Woodward, Partner and Chief Investment Officer, emphasized continuing the firm’s sector-specialized investment strategy.
– Fund X investments will focus on core areas: Pharmaceutical & Medical Products & Services, Infrastructure Services, Business Services, Financial & Compliance Services, and Healthcare Services.
– Kohlberg has more than 90 investment and portfolio support professionals to manage Fund X.
– Lazard acted as global placement agent, and Ropes & Gray served as legal counsel for Fund X’s formation.
