LP Scorecard: Lindsay Goldberg produces anything but small potatoes for Idaho

Atop the leader board in absolute distributions over those twelve months (with regard for size of commitment) was the 2006-vintage Lindsay Goldberg & Bessemer II LP, paying out just under $21 million. Providence Equity Partners placed second with its sixth flagship fund, vintage 2007, distributing about $15 million. Apollo Global Management came in third with its 2008 Apollo Investment Fund VII LP. Fund VII generated nearly $14 million in distributions. Appearing in fourth place by absolute distribution (as well as by distributions as percent of contributed capital) is the 2007-vintage Kohlberg Investors VI LP. Kohlberg & Co’s sixth mid-sized buyout fund paid out over $13 million during those 12 months, which amounts to more than a third (37 percent) of cash drawn by the firm.

Topping the funds by distribution percentage, which puts funds to which Idaho committed different sums on the same playing field, is Leonard Green & Partners’ Green Equity Investors IV LP. The vintage-2003 fund churned out a gaudy distribution percentage of just under 60 percent. The second Lindsay Goldberg fund comes in second place by distribution percentage with a shade over 56 percent. Blackstone Group is the only firm to have two different funds appear on both lists; Blackstone Energy Partners LP places third by distribution percentage, at almost 39 percent.

Overall, Idaho’s private equity portfolio has $1.9 billion in committed capital dispersed across 57 active funds. The portfolio also had an unweighted average distribution percentage of 17.9 percent spanning September 2013 to September 2014.