Alan E. Goldberg and Robert D. Lindsay formed Goldberg Lindsay & Co. LLC (“Lindsay
Goldberg,” “us,” “we,” and “our”) as a Delaware limited liability company in 2001. Lindsay
Goldberg registered as an investment adviser in 2006. Messrs. Goldberg and Lindsay have known
each other since 1978 when they began their careers together at Morgan Stanley & Co.
Incorporated.
Messrs. Goldberg and Lindsay control Lindsay Goldberg and, together with trusts for the benefit
of their families and Bessemer GL Inc., are the principal owners of Lindsay Goldberg. Bessemer
GL Inc. is wholly owned by Bessemer Securities LLC.
We provide discretionary investment advice solely to private investment funds, that are exempt
from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and
whose securities are not registered under the Securities Act of 1933, as amended (the “Securities
Act”), that seek to generate significant capital appreciation primarily through private equity
investments in portfolio companies that are generally in established industries. In particular, we
serve as investment manager to Lindsay Goldberg IV L.P. (together with its parallel, alternative
and co-investment funds, “Fund IV”), Lindsay Goldberg V L.P. (together with its parallel,
alternative and co-investment funds, “Fund V”) Lindsay Goldberg VI L.P. (together with its
parallel, alternative and co-investment funds, “Fund VI”) and F3 Partners L.P. (together with its
parallel, alternative and co-investment funds, “F3 Fund”) (Fund IV, Fund V, Fund VI and F3 Fund
are referred to collectively as “our funds” and individually as a “fund”).
The investment management services that we provide to our funds primarily consist of sourcing,
structuring, and negotiating investments and dispositions, monitoring the performance of
investments and performing certain administrative services. These services are provided pursuant
to investment management agreements between Lindsay Goldberg and our funds as a result of a
delegation of authority by the general partner of each fund (an affiliate of ours), to Lindsay
Goldberg. We provide tailored advice to each fund that takes into account its investment objectives
and the investment restrictions contained in the applicable governing agreements. Investment
restrictions applicable to specific funds are customarily imposed in governing agreements for such
funds, as agreed upon with investors. Further specific details of Lindsay Goldberg’s advisory
services are set forth in each fund’s respective private placement memoranda, management
agreements and limited
partnership agreements.
Lindsay Goldberg or certain affiliates have entered into and may in the future enter into side letters
or other writings with specific investors in our funds which have the effect of establishing rights
under, or altering or supplementing, the terms of the governing agreements of the funds or an
investor’s subscription agreement in respect of the investor to whom such letter or writing is
addressed. Such rights or alterations could be regarding economic terms, excuse rights,
information rights, investment limitations, co-investment rights, ability to transfer interests in a
fund or compliance with specified laws or regulations (including the provision of stated co-invest
opportunities or priority allocation rights to, for example, limited partners who have capital
commitments in excess of certain thresholds to one or more funds, or transfer rights, among
others). Other side letter rights are likely to confer benefits on the relevant investor at the expense
of the relevant fund or of investors as a whole, including in the event that a side letter confers
additional reporting, information rights and/or transfer rights, the costs and expenses of which are
expected to be borne by the relevant fund. Generally, any rights established, or any terms altered
or supplemented, will govern only that investor and not a fund as a whole. Certain such additional
rights but not all rights, terms or conditions are permitted to be elected by certain sizeable investors
with “most favored nations” rights pursuant to a fund’s limited partnership agreement. Such side
letters in certain cases will also impose restrictions on participation in certain investments or types
of investments made by the funds. Neither Lindsay Goldberg nor its affiliates will enter into a
particular side letter if Lindsay Goldberg determines that the provisions contained in such side
letter would be disruptive to the applicable fund or its investment program. Disclosure of
applicable side letter practices is made to investors prior to their investment in the applicable fund.
The information provided herein about the investment advisory services provided by Lindsay
Goldberg is qualified in its entirety by reference to the funds’ offering materials and other
governing documents.
Wrap Fee Programs
We do not participate in wrap fee programs.
Assets Under Management
As of December 31, 2023, we managed $9,531,877,648 of client assets on a discretionary
basis. Such figure includes capital that may be called by our funds from their limited partners.
We do not manage client assets on a non-discretionary basis.