20-Year Investment Cycles?
Last week, I noted a cleantech panel comment that some European infrastructure funds were proposing 15-year and 20-year investment cycles. While unusual, it apparently isn’t novel. Nor is it only for infrastructure. It appears that New York-based buyout firm Lindsay Goldberg effectively has a 20-year investment cycle for its third fund, which closed earlier this year with $4.7 billion in capital commitments. The official fund term is 10 years, but a source says that it includes 10 one-year extensions at the GP’s discretion. As the firm says on its website:
2 November 2009•1 min read
