Lindsay Goldberg is expanding into the GP-led secondaries market, joining a wave of private equity firms launching continuation vehicle strategies. The New York-based firm is recruiting two secondaries professionals to co-lead the initiative, according to sources familiar with the matter. This move follows similar expansions by peers like New Mountain Capital, Warburg Pincus, and HIG into the growing secondaries space.

Lindsay Goldberg's entry comes as the firm seeks to capitalize on rising demand for continuation vehicles that provide liquidity to investors while allowing portfolio companies more time to grow. The firm previously executed its first continuation vehicle on portfolio company Aspire Bakeries in 2024, marking a strategic step toward building this capability. Lindsay Goldberg closed its latest flagship fund, Lindsay Goldberg VI, on $4.9 billion last December, demonstrating its capacity to pursue new strategies.

The expansion into secondaries represents a significant strategic shift for Lindsay Goldberg, which has traditionally focused on industrials, services, and healthcare investments. By entering the GP-led market, the firm joins a crowded field of PE players competing for continuation vehicle opportunities. This diversification could provide new revenue streams and enhance the firm's ability to manage portfolio company lifecycles as it continues to deploy capital across its $24 billion raised since 2001.