Kohlberg & Co. LLC is looking to raise $3 billion for its latest buyout fund, Private Equity News reported, citing a public pension document.
A spokeswoman for Teachers' Retirement System of Louisiana reportedly said in an email that the pension fund will commit up to $50 million to Kohlberg Investors IX LP. It is also committing up to $75 million to Castlelake Aviation IV Stable Yield LP, an airplane-focused fund managed by Castlelake LP with a $1.5 billion target.
Kohlberg invests in North American middle-market companies with a focus on the industrial manufacturing, consumer product, business service, healthcare service and financial service sectors. Castlelake invests in alternative assets, subperforming loans, specialty finance and special situations, with an experience in aircraft ownership and servicing.
Kohlberg did not respond to requests for comment, according to Private Equity News.