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Laxman Pai, Opalesque Asia: Kinderhook Industries has closed its seventh private equity fund on $1.85 billion, inclusive of over $250 million in commitments from the General Partner, Operating Partners, and Affiliates.
Fund 7 brings Kinderhook's total committed capital to over $5.4 billion, said a press release from the American private equity firm based in New York City.
According to the private investment firm that manages over $5 billion of committed capital, the investors are comprised of leading domestic and international endowments, foundations, family offices, pensions, and other institutional capital bases.
"Kinderhook remains committed to the same disciplined, replicable, and value-oriented approach to investing in the lower middle market; targeting the healthcare services, business services / environmental, and light manufacturing / automotive verticals. Fund 7 will employ the same management-focused strategy that has been the cornerstone of the firm's success for nearly 20 years," said Chris Michalik, Managing Director at Kinderhook.
Tom Tuttle, Managing Director at Kinderhook, said: "We are excited to continue to invest in the lower middle market on behalf of our expanded investor base and will seek to continue our success in building dominant companies in market niches."
"Consolidation has played an important part in our success; across our 76 portfolio companies, we have completed 274 follow-on investments. Once built, these consolidated...................... To view our full article Click here
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