On March 23, 2018, Kohlberg & Company, L.P. announced that Blackstone’s (NYSE:BX) Strategic Capital Holdings Fund acquired a passive, minority equity interest in the firm.
Further terms of the transaction were not disclosed.
Kohlberg, founded in 1987 and based in Mt. Kisco, New York, is a private equity firm that specializes in middle market investments. Since inception, Kohlberg has raised over $7.5 billion of committed equity capital.
Blackstone’s Strategic Capital Holdings Fund is part of Blackstone Alternative Asset Management, which has approximately $75 billion in assets under management.
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