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Laxman Pai, Opalesque Asia:

North America-focused, middle market buyout private equity firm, has closed Kelso Investment Associates XI and affiliated funds with aggregate capital commitments of $3.25 billion.

Fund XI surpassed its original target, said the PE firm focusing on leveraged buyouts, recapitalizations, and growth capital transactions. Included in Fund XI's capital is participation by Kelso partners and employees of more than $400 million, representing a GP commitment of over 12%. This GP commitment continues the Firm's industry-leading alignment with its limited partners.

The Firm's investors represent a diverse group of limited partners, including public and corporate pensions, sovereign wealth funds, insurance companies, consultants, financial institutions, and family offices.

Chris Collins and Frank Loverro, Co-CEOs of Kelso, said: "We are deeply grateful for the support from investors, as well as for the work by our employees and management team partners who contribute to delivering our consistent performance. We are excited to deploy Fund XI utilizing our disciplined strategy of investing in strong middle market businesses where we see opportunities to accelerate growth."

Kelso invests in sectors where they have the experience and capabilities to support management teams in working to drive growth. Since its inception, Kelso has raised a total of 11 private equity funds and invested approximately $19 billion of equity capital in more than 140 ......................

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