Blackstone Group LP's strategic capital holdings fund has acquired a minority equity interest in Kohlberg & Co. LP.
Terms of the transaction were not disclosed.
The Mt. Kisco, N.Y.-based Kohlberg is a private equity firm specializing in middle-market investing.
Evercore served as financial adviser to Kohlberg. Ropes & Gray served as legal counsel to Kohlberg and Simpson Thacher served as legal counsel to Blackstone.
Blackstone's strategic capital holdings fund is part of Blackstone Alternative Asset Management LP.