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Direct Investment  + Financial Advisory  + M&As  |  July 6, 2023
Vistria Group Takes Stake in Kohlberg’s Portfolio Business
Joe Palmisano
By: Joe Palmisano

Vistria Group Takes Stake in Kohlberg’s Portfolio Business

Private investment firm The Vistria Group has taken a stake Iselin, NJ-based US Retirement & Benefits Partners, a part of middle market private equity firm Kohlberg & Company’s portfolio business.

The deal, which sees Vistria become the majority backer, comes five years after Kohlberg bought into the financial services company.

Specific financial terms of the deal were not made available.

USBRP specializes in employee benefits and employer-sponsored retirement plans in K-12 public schools, governmental, corporate and non-profit markets.

“USRBP has immense potential for growth and to positively impact the retirement and benefits management space, and this strategic partnership with The Vistria Group represents a significant milestone for the business,” said Evan Wildstein, partner at Kohlberg & Company.

With offices in Chicago and Dallas and over $10 billion in assets under management, Vistria invests in healthcare, education, financial services and real estate.

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Inside The Story

The Vistria GroupKohlberg & CompanyUS Retirement & Benefits Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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