Private Equity Ownership

Owners and managers#

Each entry is an owner, with the firms that invested under it. Cotiviti is held by KKR. The firm that made the investment is Kohlberg Kravis Roberts & Co. LP, the manager (the general partner that runs the funds). Its corporate parent is KKR & Co., Inc., the owner. You get the owner as the entry and the manager inside its managers list.

The owner is the top of the manager’s corporate family. When the manager has no parent, the owner and the manager are the same firm, as with Veritas Capital. When it does, the owner can be anything that owns an investment arm: a listed asset manager, a bank, an insurer, a government, or a pension fund. investorType says which (see PrivateEquityInvestorType).

One owner can invest through several arms. NBSH Acquisition LLC, Neuberger Berman’s parent, holds Cotiviti through two of them:

{
  "aggkCompanyId": "8415605",
  "name": "NBSH Acquisition LLC",
  "investorType": "private",
  "managers": [
    {
      "name": "NB Alternatives Advisers LLC",
      "managerType": "pe",
      "investmentType": "minority",
      "investedDate": "2018-08-27",
      "exitedDate": null,
      "isCurrent": true,
      "funds": []
    },
    {
      "name": "Neuberger Berman Capital Solutions",
      "managerType": "pe",
      "investmentType": "minority",
      "investedDate": "2021-03-01",
      "exitedDate": "2025-12-31",
      "isCurrent": false,
      "funds": []
    }
  ]
}

Use the owner’s aggkCompanyId to look the owner up. It’s the owner’s company ID, so you can enrich it like any other company. It’s missing when the owner isn’t a company we hold a record for.

One manager entry per holding period#

A holding period runs from first investment to full exit. Follow-on investments while the manager still holds the company stay in the same entry. If the manager exits completely and invests again later, the second stint gets its own entry under the same owner.

Funds aren’t always tied to the period. We list the funds named on the period’s investments. When none names a fund, we list every fund the manager has linked to the company, and those links carry no dates. So a fund can postdate the original deal: Veritas Capital has held Cotiviti since 2016 but lists Veritas Capital Fund VIII, a 2021 fund. A manager with two holding periods can also show the same linked funds in both.

A holding with a null isCurrent is only a fund link. We know one of the manager’s funds invested in the company, but not when or whether it still holds it. Both dates are null and investmentType is unknown. Don’t count these as current holdings.

Everything is sorted current first. Within an owner, current holdings come first, then the most recent investedDate. Owners are ordered the same way by their first manager, so the newest current holder leads the list.

Answer common questions#

For example, to list a company’s current controlling sponsors:

const sponsors = (company.privateEquityInvestors ?? []).flatMap((owner) =>
  owner.managers
    .filter((m) => m.isCurrent === true && m.investmentType === "buyout")
    .map((m) => ({ owner: owner.name, manager: m.name, since: m.investedDate })),
)

Entitlement and withheld fields#

Without COMPANY_PRIVATE_EQUITY, the field is null and named in withheldFields. That happens for every company we find, whether or not it has private equity history, so the response doesn’t reveal which companies do. With the entitlement, a company with no history returns an empty array.

It costs no extra credits. Company enrich bills the same with or without the field. To add the entitlement to your contract, contact your AggKnowledge account team.

Limits#

• An empty list doesn’t prove a company was never PE-backed. Many private deals are never disclosed, and those holdings aren’t in our data.
• Pure venture capital firms aren’t included. Only private equity firms and firms that do both are returned.
• There are no deal sizes or ownership percentages. A minority entry says the stake came from funding rounds, not how large it is.
• You can’t search by owner. Discover doesn’t filter on private equity ownership, so start from the companies you have.
• The owner follows our source’s corporate tree. In a handful of cases that tree places a firm under a company the firm itself bought, so the owner shown is that portfolio company. We report these upstream and don’t override them.