Lindsay Goldberg has raised $4.48 billion for Lindsay Goldberg III LP, according to a regulatory filing. The fund was reported to have a target between $4 billion and $5 billion. Raised with the help of placement agent Park Hill, the $4.48 billion total includes commitments to parallel funds raised with the help of Credit Suisse.
Lindsay Goldberg is a New York-based private equity firm with investments in North American manufacturing, financial services and health care companies. Its last fund closed in 2006 with $3.1 billion in commitments.
Investors in the firm’s third effort include Indiana Public Employees’ Retirement. The fund received $100 million from Teachers Retirement System of Louisiana, and $250 million from New York State Common Retirement Fund. Its first fund, raised in 2002 and known as Lindsay Goldberg & Bessemer, had a return of 2.18x, according to the CPP Investment Board.