Firm: Lindsay Goldberg
Fund: Lindsay Goldberg III LP
Amount Raised: $4.7 billion
Target: $4 billion
Placement Agent: Park Hill Group
Amid a buyout market fraught with funds limping slowly toward their targets, New York-based shop
A regulatory filing for Fund III disclosed a minimum investment floor of $10 million for LPs interested in the vehicle that could be waived at the general partner’s discretion. New York placement agent Park Hill Group, a unit of
Lindsay Goldberg invests primarily in North American manufacturing, financial services and health care companies. The use of add-on acquisitions to build value in existing portfolio companies is an important aspect to Lindsay Goldberg’s overall strategy, as the firm has engaged in more than 55 follow-on acquisitions in its history, according to its Web site.
In January, the firm acquired the natural gas operations of PNM Resources Inc. for $640 million as an add-on to its Continental Energy Systems LLC. It was the third add-on for the gas and electricity transmission and distribution platform since it was acquired by Lindsay Goldberg in 2006.