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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 85 11.84%
of those in investment advisory functions 50 6.38%
Registration SEC, Approved, 03/30/2012
AUM* 13,921,314,019 17.69%
of that, discretionary 13,192,767,425 18.21%
Private Fund GAV* 13,921,314,019 17.07%
Avg Account Size 535,435,155 35.79%
SMA’s No
Private Funds 26 2
Contact Info 914 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
11B 10B 8B 6B 5B 3B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count25 GAV$13,435,794,473
Fund TypeSecuritized Asset Fund Count1 GAV$485,519,546

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Brochure Summary

Overview

For purposes of this brochure, the “Adviser” means Kohlberg & Co., L.L.C. (“Kohlberg”), a Delaware limited liability company, together (where the context permits) with its affiliated General Partners of the Funds (each as defined below) and other affiliates that provide advisory services to and/or receive advisory fees or other compensation from the Funds and Other Advisory Clients (each defined below). Such affiliates may or may not be under common control with Kohlberg, but possess a substantial identity of personnel and/or equity owners with Kohlberg. These affiliates may be formed for tax, regulatory or other purposes in connection with the organization of the Funds or Other Advisory Clients, or may serve as General Partners of the Funds. The Adviser provides investment supervisory services to pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). As of the date of this brochure, the Adviser serves as the investment manager for Kohlberg Investors VIII, L.P., Kohlberg Investors VIII-B, L.P., Kohlberg Investors VIII-C, L.P., Kohlberg TE Investors VIII, L.P., Kohlberg TE Investors VIII-B, L.P., Kohlberg Investors IX, L.P., Kohlberg Investors IX-B, L.P., Kohlberg Investors IX-C, L.P., Kohlberg TE Investors IX, L.P., Kohlberg TE Investors IX-B, L.P., Kohlberg Investors VII CV, L.P., Kohlberg TE Investors VII CV, L.P., Kohlberg Investors X, L.P., Kohlberg Investors X-B, L.P., Kohlberg TE Investors X, L.P., and Kohlberg TE Investors X-B, L.P. (the “Main Funds”). The Adviser may in the future advise Main Funds in addition to those listed herein. The Adviser has in the past and may in the future, from time to time, establish, on a transaction- by-transaction basis, certain investment vehicles through which certain persons may invest alongside one or more Main Funds in a particular investment opportunity or in multiple investment opportunities alongside a Main Fund (each such vehicle, a “Co-Investment Vehicle”). Certain of these Co-Investment Vehicles are limited to investing in securities relating to the transaction with respect to which they were organized. As a general matter, the General Partner of a Main Fund may, in certain circumstances, cause a Co-Investment Vehicle to make and dispose of its investment in the particular investment opportunity at substantially the same time, on substantially the same terms and conditions and in the same proportions as the applicable Main Fund(s) that are also invested in that investment opportunity, except as may be necessary because of different tax, legal or regulatory considerations. The Adviser has in the past established, and may, from time to time in the future, establish, investment vehicles for the purpose of purchasing one or more investments from a Fund and/or for the purpose of purchasing one or more investments from one Fund (often where the selling Fund is approaching the end of its term) in connection with or alongside another Fund making an investment (such investment vehicle a “Continuation Vehicle”). Additionally, the Adviser has in the past and may in the future organize and serve as general partner (or in an analogous capacity) to (i) certain other “feeder” vehicles (each such vehicle, a “Feeder Vehicle”) organized to invest exclusively in a Main Fund, (ii) alternative investment vehicles (each, an “Alternative Investment Vehicle”) organized to address, for example, specific tax, legal, business, accounting or regulatory-related matters that may arise in connection with a transaction or transactions, and/or (iii) parallel investment
entities that invest side-by-side with one or more of the Main Funds and are formed to facilitate investments by business associates and other “friends and family” of the Adviser or its personnel (each, an “Associates Fund”). The Main Funds, Co-Investment Vehicles, Continuation Vehicles, Feeder Vehicles, Associates Funds and Alternative Investment Vehicles are collectively referred to as the “Funds.” (Although Co-Investment Vehicles are collectively referred to in this brochure as Funds, some or all Co- Investment Vehicles may not be clients of the Adviser.) In addition, the Adviser provides non- discretionary investment sourcing services and discretionary advisory services to one or more institutional clients through separate account arrangements or through pooled investment vehicles (each, an “Other Advisory Client”), which seek investments structured primarily as originations, participations or assignments of secured and unsecured loans. The Funds make primarily private equity and equity-related investments, as well as limited investments in debt instruments. In accordance with the Funds’ respective investment objectives, investments are generally made across six specialized Core Practice Areas where the Adviser has built investing and operating experience: Pharmaceutical/Medical Products & Services; Infrastructure Services; Financial & Information Services; Business Services; Healthcare Services; and Food & Consumer. The Adviser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of such investments. The Adviser will serve as the investment adviser or general partner to the Funds in order to provide such services. The Adviser provides investment supervisory services to each Fund in accordance with the limited partnership agreement (or analogous organizational document) of such Fund and/or separate investment and advisory, investment management or portfolio management agreements (each, an “Advisory Agreement”). Investment advice is provided directly to the Funds (other than certain Co-Investment Vehicles) and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally established in the organizational or offering documents of the applicable Fund, the Advisory Agreements and/or side letter agreements negotiated with investors in the applicable Fund (such documents collectively, a Fund’s “Organizational Documents”). The Other Advisory Clients make primarily private credit investments in loans and other debt opportunities. Services are provided to the Other Advisory Clients in accordance with the governing documents of the applicable Other Advisory Clients. Investment restrictions for an Other Advisory Client, if any, are generally established in the governing documents of the Other Advisory Client, including, where applicable, the transaction documents negotiated with such Other Advisory Client’s leverage and/or equity providers (collectively, an “Other Advisory Client’s Organizational Documents”). The only ultimate principal owner, through intermediate entities, that owns 25% or more of Kohlberg is Samuel P. Frieder. The Adviser has been in business since 1987. As of December 31, 2023, the Adviser manages a total of $13,921,300,000 of client assets, $13,192,800,000 of which is managed on a discretionary basis and $728,500,000 of which is managed on a non- discretionary basis.