Today, the firm invests in a variety of transactions including leveraged carveouts (buyouts of divisions from larger companies), take private transactions and acquisitions of privately held companies. The firm focuses on companies facing operational or financial challenges, particularly middle-market companies. 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. Kohlberg's previous funds totaled $306 million (1988), $165 million (1994), $320 million (1997), $576 million (2000) and $800 million (2004), respectively.
Additionally, Kohlberg also operates a series of debt investment funds under the banner of Katonah Debt Advisors, which it founded in 2000 as Katonah Capital. As of the end of 2007, Katonah Capital, and its successor, Katonah Debt Advisors had raised approximately $3.5 billion through 9 collateralized debt obligation funds. In 2006, the firm completed an initial public offering for Kohlberg Capital Corporation (NASDAQ: KCAP) to provide senior debt and mezzanine financing.