Kelso
Private equityNew York · 31 people tracked
Find your way into Kelso
1,207 people in our graph share verified history with the Kelso team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Kelso positions itself as a preferred private equity partner built on a long history, strong alignment of interest, and team stability. Drawing on more than 40 years of investing experience across diverse sectors and business cycles, the firm leverages the cumulative expertise of its professionals and a broad network of industry experts to deliver strategic insights and support value creation. It emphasizes deep, lasting partnerships—often re-partnering with the same managers and companies—and structures significant personal and management investments to align incentives. The firm offers meaningful long-term incentive compensation to management and centers its culture on trust, honesty, transparency, and treating people fairly.
Source: firm website, verified Sep 15, 2026.
Team · 31 people
from the firm's website & public directories
What they invest in
from 42 of 149 portfolio companiesEnterprise Software ×12Energy ×11Advanced Manufacturing ×9Logistics & Supply Chain ×9Consumer ×8Fintech ×6Construction Tech ×5Healthtech ×5
HQs:United States×30Canada×3Bermuda×2Brazil×1
Investments · 149 tracked
founders shown can be your intro pathBy year:2022 · 12020 · 12015 · 12014 · 36 dated
Kinder Morgan provides energy transportation and storage services across North America, delivering natural gas, crude oil, refined products, and other energy commodities through pipelines and terminals for residential, commercial, and industrial customers.
EnergyLogistics & Supply ChainHouston, US
Richard D. Kinder(Executive Chairman, Co-founder)inKimberly Dang(CEO)
Co-investorsArc Light Securities
4Refuel provides 24/7 mobile on-site delivery of dyed diesel, a red-marked off-road fuel with the same formula as ultra low sulfur diesel.
CleantechConstruction TechEnergyLogistics & Supply ChainMobility & TransportationLangley, CA
Jack Lee(Founder)
Co-investorsH.I.G. CapitalTorQuest Partners
Bridgenext is a digital consulting and technology services firm that delivers enterprise transformation, software development, and customer experience solutions for banking, healthcare, consumer brands, government, education, and enterprise clients.
AI & Machine LearningData & InfrastructureDeveloper ToolsDigital HealthEnterprise SoftwareSector AgnosticPhiladelphia, US
John Castleman(Chief Executive Officer)in
BoardSunil Misra(Chairman of the Board)
Eagle Foods is a food company that builds and acquires consumer brands, led by executives with extensive experience in the food and consumer goods industry.
ConsumerFoodTechRetail Tech
Bernard Kreilmann(Chief Executive Officer)inDebbie Sebastian(Chief Financial Officer)inMala Wiedemann(Executive Vice President Marketing and R&D)inRob Miller(Executive Vice President Supply Chain & Operations)inMarco Leal(Executive Vice President Human Resources)inMike Grindstaff(Executive Vice President Sales)in
Galloway & Company provides civil engineering, land survey, land planning, and architectural design services for development projects including master-planned communities and commercial centers.
Construction TechEnterprise SoftwareDenver, US
Dave Guetig(President)in
ReSource Pro provides outsourcing, technology, and data services to insurance organizations including retail brokers, MGAs, and carriers, covering operations, strategy, implementation, and analytics.
AI & Machine LearningEnterprise SoftwareFuture of WorkInsurTechSaaSTeaneck, US
Daniel Epstein(Executive Officer, Director)Dan Epstein Tagger(CEO)inGene Hugh(Chief Financial Officer)inViolet Xu(Chief Service Delivery Officer)inChristopher Watkins(Chief Information Officer)inMichael Costonis(President, Insurance Solutions)in
Vālenz Health operates an integrated platform for self-funded/self-insured health plans, combining cost containment, care navigation, and member engagement to guide members to higher-value, lower-cost providers.
Digital HealthHealthtechInsurTech
Vince Cole(CEO)in
Co-investorsEcho Health Ventures
American Beacon is an investment management firm that has managed assets for corporate, institutional, and individual investors since 1986, with a focus on employee benefit plans and institutional advisory services.
Fintech
Americold provides cold chain logistics and supply chain solutions, including warehouse design, inventory optimization, transportation planning, and value-added services for businesses managing temperature-controlled distribution networks.
Enterprise SoftwareFoodTechLogistics & Supply ChainAtlanta, US
Fred W. Boehler(Executive Officer, Director)inMarc J. Smernoff(Executive Officer)inCarlos V. Rodriguez(Executive Officer)inRobert S. Chambers(Executive Officer)
BoardKelly H. Barrett(Director)Antonio F. Fernandez(Director)
AMF operates bowling entertainment centers offering bowling, food, drinks, and hosted parties and events.
Consumer
Armada Materials mines and processes aggregates including crushed stone, sand, and gravel, and provides asphalt, ready-mix concrete, paving services, and precast concrete products for construction, infrastructure, and utility projects.
Advanced ManufacturingConstruction TechNew MaterialsTampa, US
Rob Duke(Founder)
Augusta Sportswear Brands, now part of Momentec Brands, sells team sportswear and athletic apparel.
ConsumerE-commerceSports Tech
Co-investorsWP Global PartnersPlatinum
BradyPLUS supplies commercial facility products including paper products and dispensers, cleaning chemicals, floorcare machines, restroom equipment, foodservice disposables, commercial kitchen equipment, and packaging/shipping supplies.
Advanced ManufacturingB2B MarketplacesEnterprise SoftwareLogistics & Supply ChainRetail Tech
Co-investorsWarburg Pincus
Buckeye owns and operates a diversified global network of midstream energy infrastructure, including over 5,000 miles of domestic pipelines, 130+ liquid petroleum products terminals, and 125 million barrels of tank capacity.
CleantechEnergyLogistics & Supply Chain
Co-investorsIFM Investors
Advanced ManufacturingNew MaterialsBurnaby, CA
Elara Caring is a Medicaid provider offering direct care services.
Digital HealthEnterprise SoftwareHealthtechIndiana, US
Ananth Mohan(Chief Executive Officer)inJohn McMahon(Chief Financial Officer)inBetta Swanson(Chief Transformation Officer)inTom Firmani(President of Personal Care Services)inKimberly Nystrom(President of Skilled Home Health, Behavioral Health and Hospice)inKim Spano(Chief Growth Officer)in
Ferraro Foods is a food distributor that supplies restaurants and pizzerias across the eastern United States with over 14,000 food products.
FoodTechLogistics & Supply ChainGreenbrook, US
Bill(President and CEO)PJ Mingle(Chief Financial Officer)inFaris H. Faris(Chief Information Officer)inMichael Giammarino(Owner)
Co-investorsKainos
Foundation Consumer Healthcare develops and markets a portfolio of over-the-counter (OTC) healthcare products for consumers, positioning itself as a privately-held OTC manufacturer in the United States.
ConsumerHealthtechWellness & Fitness
Foundation Consumer Healthcare develops and commercializes a portfolio of over-the-counter health and wellness products for consumers.
ConsumerHealthtechWellness & FitnessPittsburgh, US
Rupa Bahri(President and CEO)May Petracco(CFO)
EnergyMissouri City, US
Ross Peebles(Executive Officer)James Brasher(Executive Officer)inRichard White(Executive Officer)Tom Fleure(Executive Officer)Sean Gore(Executive Officer)
Inovar offers an ERP system integrated with EVA, a native Brazilian AI assistant for retail.
AI & Machine LearningRetail TechSaaSSão Paulo, BR
Co-investorsAea InvestorsFEBACAPITAL
Inovar Packaging Group manufactures high-end labels, sleeves, and pouches using flexographic and digital printing technology.
Advanced ManufacturingCircular EconomyConsumerNew MaterialsDallas, US
Co-investorsAea Investors
Diversified specialty advisory firm that evolved beyond property loss services.
Co-investorsLovell Minnick
Logan's Roadhouse is a casual steakhouse restaurant chain that serves grilled steaks, a full bar, and made-from-scratch rolls in a relaxed, laid-back atmosphere.
ConsumerFoodTechLexington, US
Dave WachtelCharles McWhorter
Nivel is a global supplier of aftermarket parts and accessories for golf carts and personal transportation vehicles, serving golf enthusiasts, families, and rural/outdoor users.
Advanced ManufacturingB2B MarketplacesE-commerceMarketplacesRetail TechMiami, US
Novvia Group is a packaging distributor and manufacturer that supplies stock and custom packaging—including glass, metal, plastic, and corrugated containers—along with design, labeling, and decoration services.
Advanced ManufacturingLogistics & Supply ChainNew Materials
Pathstone provides wealth management and advisory services to clients with complex financial needs, offering integrated portfolio management, tax and estate planning, and family governance services.
Enterprise SoftwareFintech
Co-investorsLovell Minnick
Provider of outsourced services for the maintenance, repair and installation of electric and natural gas infrastructure
EnergyNew York, US
James WiggintoninRoxanne R. Bowman(Executive Officer, Director)James J. Connors, II(Executive Officer)Roy Campbell(Director)Charles Casalinova(Executive Officer)Ronald R. Ridout(Executive Officer)
Premia Holdings is the parent company of Dominion Insurance Company Ltd and Trent Insurance Company Ltd, both of which have been in run-off since 1994 and 1968 respectively.
Enterprise SoftwareFintechInsurTechPembroke, BM
Renfro designs, manufactures, and markets socks, legwear, and apparel for consumers worldwide.
Advanced ManufacturingConsumer
Brown & Brown provides insurance, risk management, and employee benefits solutions for businesses, individuals, and families, ranging from day-to-day risk considerations to long-term planning.
InsurTech
Sentinel develops and operates data centers—primary production and failover facilities totaling over 3 million square feet across the United States—serving Fortune 500 companies and hyperscale cloud, AI, financial services, healthcare, technology, media, and biotechnology sectors.
Cloud ComputingData & InfrastructureEnergyEnterprise SoftwareNorthern Virginia, US
Josh Rabina(CEO)in
SouthernCarlson supplies construction fasteners, tools, packaging, and related products along with services such as plant installs, takeoffs, and deliveries.
Advanced ManufacturingB2B MarketplacesConstruction Tech
Co-investorsTruelink Capital
Tallgrass is an energy infrastructure company that transports and provides solutions across natural gas, oil, CO2, hydrogen, and water.
CleantechEnergy
SiriusPoint is a specialty underwriter offering Property & Casualty and Accident & Health insurance and reinsurance to clients and brokers globally, working through partnerships with Managing General Agents and program managers.
FintechInsurTechHamilton, BM
Co-investorsPine Brook
Wellington-Altus is a Canadian independent investment dealer and wealth management firm serving entrepreneurial advisors and their high-net-worth clients, offering portfolio management, insurance, and group retirement and benefits solutions.
Fintech
WilliamsMarston is an accounting and tax advisory firm that guides public and private companies through complex financial transformations, IPO readiness, and SEC reporting matters.
Enterprise SoftwareFintechBoston, US
Landen Williams(Co-Founder & Co-Chairman)inJonathan T. Marston(Co-Founder & Co-Chairman)
Zenith Energy is a midstream company that owns and operates liquid storage terminals, running 7 terminals across 5 states that each specialize in a type of liquid storage.
CleantechEnergyLogistics & Supply Chain
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
21st Century Newspapers360 NetworksABFAjax ResourcesAjaxresAmerican BeaconAmerican buildingsAmerican standardAquilexArmadaArmkelAudio Visual ServicesBPBwayCambridge Display TechnologyCharter Communications CompaniesCitationClub CarConsolidated VisionCrescent Point EnergyCronosCustom Building ProductsCVR Energy CompaniesCygnus PublishingDakota Growers PastaDel LaboratoriesDelphin ShippingDouglas BroadcastingDS Waters of AmericaEagle Bulk ShippingEarle M JorgensenEllis 1993Ellis 2006Endo PharmaceuticalsEndocentersEndurance Business MediaFairPoint CommunicationsFoundation Consumer HealthcaregallowayGeneral medicalGlobal Ship LeaseGSLHarbor bankHarbor Community BankHarborcbHarris Specialty ChemicalsHCI directHeliosHiliteHillside BroadcastingHumpherysHunt MarcellusiGPSIHOPInvestment Beacon CommunicationsInvestment Wellington AltusKar Auction ServicesKCIKelso OverlandKing BroadcastingLandstar systemsLebanon Valley OffsetMasland IndustriesMerchantsMitchell Supreme FuelMoslerNewport GroupnivelNortekOasis OutsourcingOasisadvantageOceana TherapeuticsOptigasOverwatch SystemsPeeblesPhysicians EndoscopyPremia ReRefresh Mental HealthRefreshmhRetirement Plan - AscensusRHI EntertainmentRPSandler O'Neill + PartnersSandleroneillSavantSavantwealthScient CompaniesSirius Computer SolutionsSiriuscomSomers ReSpectramedTervitaTexas FoundriesTransdigmTraxys CompaniesTruck-liteTyler RefrigerationUnilabUniversal OutdoorURS LogisticsUs Electrical ServicesValenzVenariVenari ResourcesWaste ServicesWickes FurnitureWilton ReZenith Energy
Exits · 2
IPOs and acquisitions across the tracked portfolioKinder MorganNYSE: KMIEacomacq. by Interfor
Portfolio news
latest coverage across their companies
Kinder Morgan · ad-hoc-news.de · Sep 11, 2026
Global Geophysical Services · einpresswire.com · May 29, 2026
Fund performance · per public LP disclosures · 14
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Kelso XI Heights Co-InvestmentLPs: Maine Public Employees Retirement System | 2022 | — | -0.1% | 1.00x | — |
| Kelso Investment Associates XI, L.P.LPs: District of Columbia Retirement Board, New Mexico Public Employees Retirement Association, Hawaii Employees' Retirement System +2 more | 2021 | — | — | 1.21x | 0.02x |
| Kelso Investment Associates X PELPs: Maine Public Employees Retirement System | 2018 | — | 40.4% | 1.36x | 0.07x |
| Kelso Investment Associates X, L.P.LPs: Michigan Municipal Employees' Retirement System, New Mexico Public Employees Retirement Association, Hawaii Employees' Retirement System +4 more | 2018 | — | — | 1.90x | 0.57x |
| Kelso Investment Associates IX, L.P.LPs: New Mexico Public Employees Retirement Association, Maine Public Employees Retirement System, Michigan Municipal Employees' Retirement System +3 more | 2015 | — | — | 1.69x | 1.37x |
| Kelso Investment Associates IX PELPs: Maine Public Employees Retirement System | 2014 | — | 20.6% | 1.59x | 1.06x |
| Kelso Investment Associates VIII PELPs: Maine Public Employees Retirement System | 2011 | — | 7.9% | 1.42x | 1.25x |
| Kelso Invcstmc'lll A-.ociatcs VIII, L.P.LPs: The Regents of the University of California | 2007 | — | 7.8% | 3.00x | 0.57x |
| Kelso Investment Associates VIIILPs: Empire State Development – New York Ventures, Florida State Board of Administration, The Regents of the University of California +5 more | 2007 | — | 7.9% | 1.43x | 1.43x |
| Kelso VIIILPs: Pennsylvania Public School Employees' Retirement System | 2007 | — | 7.2% | 1.40x | 1.44x |
| Kelso Investment A<Sociatcs VII, L.P.LPs: The Regents of the University of California | 2003 | — | 11.0% | — | 1.62x |
| Kelso Investment Associates VIILPs: Florida State Board of Administration, The Regents of the University of California, Los Angeles City Employees' Retirement System +2 more | 2003 | — | 12.2% | 1.73x | 1.73x |
| Kelso VIILPs: Pennsylvania Public School Employees' Retirement System | 2003 | — | 11.4% | 1.60x | 1.60x |
| Kelso Investment Associates VI, L.P.LPs: Connecticut Retirement Plans and Trust Funds, Los Angeles City Employees' Retirement System | 1998 | — | 9.3% | 1.40x | 1.40x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Kelso made?
- Kelso has 148 tracked investments, 1 of which have exited via acquisition or IPO.
- What sectors does Kelso focus on?
- Kelso focuses on Sector Agnostic.
- Where is Kelso located?
- Kelso is headquartered in New York, US.
- Who does Kelso co-invest with?
- Kelso most often shares deals with Lovell Minnick, Arc Light Securities, Echo Health Ventures, among 13 tracked co-investors.
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