Kohlberg & Company

Eurazeo wants to accelerate its activity in Asia through the launch of a 'hub'. Plus: North American family offices are turning to private equity to mitigate macro headwinds and Kohlberg & Co is seeking $5 billion for its next mid-market fund. Here’s today's brief, for our valued subscribers only.

Roll-up acquisition activity will continue until there is more stability in the larger end of the market, Partners Group chief executive David Layton said during its interim results call on Tuesday.

The New York firm has raised capital for its ninth buyout fund.

Kohlberg Investors VIII, which launched earlier this year with a $2bn target, closed on its $2.2bn hard-cap.

Strong performance for the past couple of funds and a well-established leadership team should benefit the firm, which was founded by Jerome Kolhberg (pictured), during fundraising for its latest fund, Kohlberg Fund VIII.

Kohlberg left KKR in 1987 to establish his own firm.

The mid-market firm has exited two companies in the past two weeks.

The firm surpassed its $1.5bn target by attracting commitments from more than 50 limited partners, more than 20% of which are non-US investors.

Scott Nuttall and Joe Bae succeed Henry Kravis and George Roberts as co-chief executives.

Admiral Capital Group, launched by former NBA star David Robinson and former Goldman Sachs banker Daniel Bassichis, has acquired a stake in Kohlberg-owned concessions company Centerplate. Terms of the deal were not disclosed.

The private equity firms reportedly considered bidding for the beleaguered investment bank, but were ultimately uninterested or unable to put together a deal in time to compete with JPMorgan.