Jerome Kohlberg Jr.

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Jerome Kohlberg, Jr.
Born(1925-07-10)July 10, 1925
New Rochelle, New York, U.S.
DiedJuly 30, 2015(2015-07-30) (aged 90)
Martha's Vineyard, Massachusetts
Alma materSwarthmore College
Harvard Business School
Columbia Law School
Known forCo-founder of Kohlberg Kravis Roberts
SpouseNancy Kohlberg
Children4[1]

Jerome Kohlberg Jr. (July 10, 1925 – July 30, 2015) was an American businessman and investor. He was an early pioneer in the

Kohlberg Kravis Roberts & Co. and later Kohlberg & Company
.

Early life and education

Kohlberg was raised in a

GI Bill.[4] He earned an undergraduate degree from Swarthmore College. He later received an MBA from Harvard Business School and an LLB from Columbia Law School.[5]
In 1986, he founded the Philip Evans Scholarship Foundation at Swarthmore.

Career

Kohlberg Kravis Roberts & Co.

Kohlberg joined

high-yield bonds.[8]

By 1976 tensions had built up between

Cy Lewis had rejected repeated proposals to form a dedicated investment fund within Bear Stearns and Lewis took exception to the amount of time spent on outside activities.[9] Early investors in KKR included the Hillman Family Group of Henry Hillman and the Hillman Company.[10] By 1978, with the revision of the ERISA regulations, the nascent KKR was successful in raising its first institutional fund with approximately $30 million of investor commitments.[11]

Kohlberg & Company

In 1987 Kohlberg resigned from KKR over differences in strategy and

hostile takeovers. Instead, Kohlberg chose to return to his roots, acquiring smaller, middle-market companies and, in 1987, founded a new private equity firm Kohlberg & Company. As of the end of 2007 Kohlberg & Company had raised six private equity funds since its inception, with approximately $3.7 billion of investor commitments. Additionally, Kohlberg also operated a series of debt investment funds under the banner of Katonah Debt Advisors, as well as a publicly traded investment vehicle Kohlberg Capital (NASDAQ:KCAP). Kohlberg retired from Kohlberg & Company in 1994.[13]

Kohlberg died of cancer on July 30, 2015, on

Martha’s Vineyard in Massachusetts, twenty days after his 90th birthday.[14]

Philanthropy

Kohlberg participated in philanthropy through the Kohlberg Foundation. [citation needed]

See also

References

  1. ^ The World's Billionaires - #785 Jerome Kohlberg Jr. March 2008
  2. ^ The Jewish Phenomenon: Seven Keys to the Enduring Wealth of a People by Steve Silbiger Taylor Trade Publications, May 25, 2000 - 256 pages
  3. ^ "Jerome Kohlberg Jr". NNDB. Retrieved September 21, 2014.
  4. ^ New York Post: "GI BACKER FITS THE BILL" By RITA DELFINER September 16, 2008
  5. ^ "Executive Profile - Jerome Kohlberg Jr". Bloomberg Businessweek. September 22, 2014. Archived from the original on September 22, 2014.
  6. New York Times
    , March 30, 2008
  7. ^ *Burrough, Bryan. Barbarians at the Gate. New York : Harper & Row, 1990, p. 133-136
  8. ^ CFR Kravis Bio
  9. ^ In 1976 Kravis was forced to serve as interim CEO of a failing direct mail company Advo.
  10. ^ The Hillman Company (Answers.com profile)
  11. ^ *Burrough, Bryan. Barbarians at the Gate. New York : Harper & Row, 1990, p. 136-140
  12. ^ Sarah Bartlett (August 30, 1989). "Kohlberg In Dispute Over Firm". The New York Times.
  13. ISSN 0362-4331
    . Retrieved 2021-10-28.
  14. ^ "Jerome Kohlberg Jr., Pioneer of the Private Equity Industry, Dies at 90". The New York Times. August 2015.

External links

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