Ropes & Gray Guides Kohlberg & Co.'s $1.6B Fund Close

Law360, New York (April 30, 2013, 8:07 PM EDT) -- Kohlberg & Co. LLC, the private equity firm spawned 25 years ago by the bitter breakup of KKR & Co. LP's founding trio, has raised $1.6 billion for its seventh fund, it said Tuesday.

Kohlberg Investors VII beat its $1.5 billion hard cap after a first close on $520 million in September 2011 and a second close last May on $945 million. More than 50 investors participated in the fund, including the Teachers' Retirement System of Louisiana and the state investment boards of Wisconsin and Idaho,...
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