Transaction tax

4 companies help Kohlberg unveil $ 1.1 billion secondary fund


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Law360 (July 20, 2021, 1:37 p.m. EDT) – Kohlberg & Co. Transfers Assets From 2012 Private Equity Fund To New $ 1.1 Billion Continuation Vehicle Backed By BlackRock Affiliates, GIC and Lexington Partners, the companies said Tuesday, in a transaction guided by four law firms.

The continuation vehicle – also known as the general partner-backed secondary fund – will include assets hosted by Kohlberg Investors VII, which launched in 2012 and closed in 2013 with $ 1.6 billion in capital commitments, according to a press release. Secondary private equity transactions involve the buying or selling of investors’ existing interest in an investment vehicle. Mount. Kisco, New …

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