Kohlberg & Company has raised $1.7 billion for its Kohlberg Investors VIII, according to a SEC filing. The Mount Kisco-headquartered firm began fundraising in 2016 with a $2 billion target.
Its previous fund raised $1.6 billion in 2013.
Investors that committed to Kohlberg Investors VIII include the Teachers' Retirement System of Louisiana and the Public Employee Retirement System of Idaho.
The fund will target buyout opportunities in a diverse number of sectors in North America.