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Alternative Market Briefing

Blackstone's hedge fund unit acquires passive minority stake in Kohlberg & Company

Tuesday, March 27, 2018

Komfie Manalo, Opalesque Asia:

Blackstone's Strategic Capital Holdings Fund, a unit of the Blackstone Alternative Asset Management (BAAM), the firm's hedge fund solutions business that also specializes in acquiring stakes in leading alternative asset managers has acquired a passive, minority equity interest in private equity manager Kohlberg & Company, L.P.

The terms of the transaction were not disclosed, Kohlberg said in a statement.

Sam Frieder, managing partner of Kohlberg, commented on the announcement, "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."

Based in Mt. Kisco, New York, Kohlberg is a private equity firm specializing in middle market investing. The minority investment from Blackstone will help provide long term capital to support Kohlberg's investing platforms.

Scott Soussa, head of BAAM's Strategic Capital Group, added, "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 ......................

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