KELSO & COMPANY, L.P.
KELSO & COMPANY, L.P. is a Series C+ and buyout fund in the US writing $50M–$600M checks into Climate, Fintech, Healthcare, restaurants, manufacturing, telecommunication-services, retailing, consumer-products, industrial-manufacturing and technology.
- Stages
- Series C+, buyout
- Sectors
- Climate, Fintech, Healthcare, restaurants, manufacturing, telecommunication-services, retailing, consumer-products, industrial-manufacturing, technology
- Check size
- $50M–$600M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 1971
- Assets under management
- $18.5B
- Website
- kelso.com
Thesis
The firm focuses on middle-market private equity investments, targeting businesses with valuations between $250 million and $2.5 billion. Their investment strategy includes recapitalizations, leveraged buyouts (LBOs), and growth capital transactions, with typical investments ranging from $50 million to $600 million per deal. Kelso invests across a diverse array of sectors, including restaurants, manufacturing, healthcare, financial services, telecommunication services, retailing, consumer products, industrial manufacturing, energy, and technology. A key aspect of their strategy is a partnership-driven culture, fostering strong relationships with client companies and management teams, and demonstrating a significant commitment through personal investment from Kelso employees (average of 15% in recent funds). As of March 31, 2023, the firm reported $15.3 billion in AUM, with other reports indicating figures over $16 billion. Their latest fund closed in June 2016 at $2.6 billion, targeting mid- to large-sized investments.
Common questions
Does KELSO & COMPANY, L.P. invest at the Series C+ stage?
Yes. KELSO & COMPANY, L.P. lists Series C+ and buyout among the stages it invests in.
What check size does KELSO & COMPANY, L.P. write?
KELSO & COMPANY, L.P. writes $50M–$600M checks.
Where does KELSO & COMPANY, L.P. invest?
KELSO & COMPANY, L.P. invests in the US.