Kelso & Co. is pitching its latest flagship fund to investors as it seeks to raise $3 billion for the new vehicle, according to people familiar with the matter.
Kelso contributes a significant amount of capital to each new fund to align its interests with investors.
The fundraising drive for the New York-based midmarket specialist’s 11th flagship fund began less than two years after a predecessor fund closed with $2.8 billion in May 2019.
Kelso & Company is an American private equity firm focusing on leveraged buyouts, recapitalisations and growth capital transactions. Kelso invests in a variety of sectors, including communication, manufacturing and restaurants.
Source: Wall Street Journal
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