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Kohlberg secures strategic investment from Blackstone

Blackstone’s Strategic Capital Holdings Fund has acquired a passive, minority equity interest in Kohlberg & Company.

Blackstone’s Strategic Capital Holdings Fund is part of Blackstone Alternative Asset Management (BAAM), the firm’s hedge fund solutions business, and specialises in acquiring stakes in leading alternative asset managers. Terms of the transaction have not been disclosed.
 
Based in Mt Kisco, New York, Kohlberg is a leading private equity firm specialising in middle market investing. The minority investment from Blackstone will help provide long term capital to support Kohlberg’s investing platforms.
 
Sam Frieder, Managing Partner of Kohlberg, says: “We are proud to partner with Blackstone, another trusted name in the industry, who shares our deep commitment to investors and long track record of success. With this investment, Kohlberg is well positioned to build upon its 30 year history with continued growth in the years ahead.”
 
Scott Soussa, Head of BAAM’s Strategic Capital Group, says: “With a strong track record of investing over three decades, Kohlberg has established itself as a clear leader in middle market private equity. The firm’s experienced management team, deep bench of investing talent and differentiated value creation model positions it well for continued growth, and we look forward to partnering with them in the years ahead.”
 
Evercore served as financial advisor to Kohlberg. Ropes & Gray served as legal counsel to Kohlberg and Simpson Thacher served as legal counsel to Blackstone.

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