INDEPENDENT VERDICT
LGP Executive Associates I-PT LLC is not a conventional outside-investor flagship fund and should not be analyzed as though its September 2026 Form D represented a new standalone Leonard Green strategy. The Delaware LLC was formed in 2024, previously used the name Jade Associates II-B1 LLC, and sits inside an unusually explicit management chain: the SEC filing states that Peridot Coinvest Manager LLC is the issuer's manager, that Leonard Green & Partners, L.P. is the sole member of Peridot Coinvest Manager, and that LGP Management, Inc. is the general partner of Leonard Green & Partners. John G. Danhakl and Jonathan D. Sokoloff are identified through that chain as senior LGP executives. The September 16, 2026 filing relies on Rule 506(b) and Section 3(c)(7) but does not disclose a new dollar amount sold. That omission is meaningful because the same issuer previously reported $4.625 million sold when it began the offering in April 2024. The strongest interpretation is therefore that this is an executive or affiliated co-investment vehicle within Leonard Green's broader private-equity architecture, not a measure of LGP's flagship fundraising scale.
THE NAME CHANGE REVEALS MORE THAN THE LATEST FORM D AMOUNT
The most distinctive feature of this case is the legal-name history. EDGAR shows that LGP Executive Associates I-PT LLC previously operated as Jade Associates II-B1 LLC before adopting the current executive-associates name. Its May 17, 2024 filing reported a first sale on April 29, 2024 and $4.625 million of securities sold, while later filings in July 2024, November 2025 and September 2026 reported indefinite offerings without a new sold amount. This chronology suggests that the vehicle's purpose is better understood through its relationship to the LGP organization than through a headline fundraising figure. It also demonstrates why automated research can go wrong: searching only the current name misses the prior Jade entity, while treating the latest zero or undisclosed Form D amount as evidence that no capital exists would ignore the earlier $4.625 million sale. For FilingDossier purposes, the relevant evidence chain is continuity of CIK, manager and executives across the name change rather than one isolated filing.
THE MANAGER CHAIN CONNECTS DIRECTLY TO LEONARD GREEN & PARTNERS
The SEC filing spells out the relationship in unusual detail. John Danhakl is described as a director, executive vice president and managing partner of LGP Management, Inc., which is the general partner of Leonard Green & Partners, L.P.; Leonard Green is identified as the sole member of Peridot Coinvest Manager LLC, which in turn manages the issuer. Jonathan Sokoloff appears through the same LGP management structure, while Andrew C. Goldberg signs the September 2026 Form D as senior vice president, COO, chief legal officer and secretary of the issuer's manager. This is a much stronger affiliation trail than simply sharing the Leonard Green name. The address also matches Leonard Green's principal Los Angeles office at 11111 Santa Monica Boulevard, Suite 2000. Separately, Leonard Green & Partners is an SEC-registered investment adviser under CRD 158164 and SEC number 801-73794, with approximately $85.6 billion in regulatory assets under management as of March 31, 2026 across 117 reported client accounts.
THE $85.6 BILLION PLATFORM SHOULD NOT BE ATTRIBUTED TO THIS LLC
Leonard Green's official website describes the firm as a Los Angeles private-equity manager founded in 1989 with approximately $85 billion of assets under management and roughly 160 investments made to date, primarily across consumer, healthcare, business services, distribution and industrial companies. That scale is important context, but it must remain separate from LGP Executive Associates I-PT LLC. The executive vehicle's historical $4.625 million Form D sale is not comparable with Leonard Green's $85.6 billion regulatory AUM, and the larger number does not mean this particular LLC controls or owns that amount. LGP's Form ADV reports pooled investment vehicles across a much broader fund complex, including Green Equity Investors, continuation funds, co-investments and other structures. The executive-associates vehicle appears to be one small component within that architecture. This distinction is exactly what makes the case useful: a highly reputable and very large manager can still sponsor a legal vehicle whose own SEC fundraising footprint is only a few million dollars.
THE BROADER LGP RECORD ADDS OPERATING CONTEXT, NOT VEHICLE-LEVEL PERFORMANCE
Leonard Green's current public record also provides evidence of an active private-equity platform rather than a dormant sponsor. Its 2026 news archive includes transactions and fund activity involving Jetro Restaurant Depot, continuation vehicles for Crosslake and Convergint, and the announcement of Sage Equity Investors with more than $3.6 billion of commitments. The firm has also publicly disclosed investments and exits across healthcare, services, distribution and consumer businesses. These records help confirm that the executives and manager named in the Form D belong to an operating institutional private-equity franchise. They do not, however, establish the return, NAV or specific portfolio of LGP Executive Associates I-PT LLC. Form D does not disclose which underlying LGP investments this executive vehicle participates in, what employee or partner commitments are represented, whether it invests alongside one flagship fund or several, or what carried-interest and fee arrangements apply.
FINAL ASSESSMENT
LGP Executive Associates I-PT LLC is a good example of why fund-family research must penetrate beyond an issuer name. The SEC record links the vehicle through Peridot Coinvest Manager directly to Leonard Green & Partners, identifies senior LGP executives across the management chain, preserves a legal-name history back to Jade Associates II-B1 LLC and shows an initial $4.625 million sale in 2024 before later indefinite Form D filings. Leonard Green itself is an SEC-registered adviser with approximately $85.6 billion of regulatory AUM, but that institutional scale should not be assigned to this individual executive vehicle. The unresolved diligence questions are therefore structural: which LGP funds or investments the LLC participates in, who is eligible to invest, whether capital comes principally from employees or affiliates, how economics differ from flagship LP terms, and whether the vehicle bears management fees, carried interest or transaction expenses. Form D establishes an exempt securities offering and entity relationship; it does not provide vehicle-level performance or imply SEC approval.
SEC SNAPSHOT LGP Executive Associates I-PT LLC | CIK 0002023749 | Form D | File No. 021-597619 | Accession 0002023749-26-000001 | Delaware LLC | Formed 2024 | Previous Name: Jade Associates II-B1 LLC | Rule 506(b) | Section 3(c)(7) | Latest Filing September 16, 2026 | Historical First Sale April 29, 2024 | Historical Amount Sold $4,625,000 | Manager: Peridot Coinvest Manager LLC | Leonard Green & Partners Affiliation Confirmed
LEGAL-NAME AND FILING CHRONOLOGY 2024 — Issuer appeared as Jade Associates II-B1 LLC April 29, 2024 — First reported sale May 17, 2024 — $4,625,000 reported sold 2024 — Entity renamed LGP Executive Associates I-PT LLC November 4, 2025 — Additional Form D filing September 16, 2026 — Latest Form D filing under current name Latest offering amount: Not disclosed Latest amount sold: Not disclosed
WEBSITE / ENTITY PENETRATION Official manager domain: https://www.leonardgreen.com/ Issuer CIK: 0002023749 Manager: Peridot Coinvest Manager LLC Peridot sole member: Leonard Green & Partners, L.P. Leonard Green GP: LGP Management, Inc. Leonard Green CRD: 158164 Leonard Green SEC No.: 801-73794 2026 regulatory AUM: $85,597,789,230 2026 reported client accounts: 117 LGP headquarters / issuer address match: Confirmed John G. Danhakl linkage: Confirmed Jonathan D. Sokoloff linkage: Confirmed Andrew C. Goldberg signer linkage: Confirmed Previous issuer name: Jade Associates II-B1 LLC Specific underlying portfolio of this executive vehicle publicly disclosed: No Standalone vehicle performance publicly disclosed: No
WHY THIS CASE IS DIFFERENT The issuer changed from a Jade-branded entity to an LGP Executive Associates entity. The latest Form D does not provide a new capital-raised figure. An earlier filing under the same CIK reported $4.625 million sold. The vehicle is explicitly managed through Peridot Coinvest Manager. Leonard Green's $85.6 billion adviser AUM belongs to the broader manager, not this LLC. The SEC filing itself provides a detailed chain connecting the issuer to senior Leonard Green executives.
CORE INVESTOR QUESTIONS Which Leonard Green flagship fund or portfolio investments does LGP Executive Associates I-PT participate in Who is eligible to invest in this executive-associates vehicle Are investors primarily Leonard Green employees, partners or affiliates How is the $4.625 million historical capital allocated among underlying investments Does the vehicle pay management fees or carried interest Are its economics different from those of outside flagship-fund limited partners Can the vehicle invest across more than one Leonard Green vintage How are conflicts allocated between executive vehicles and institutional LP funds What is the vehicle's current NAV Are investors subject to transfer, vesting or employment-related restrictions
PRIMARY EVIDENCE REVIEWED SEC Form D — LGP Executive Associates I-PT LLC — September 16, 2026 SEC historical Form D filings — LGP Executive Associates I-PT LLC / Jade Associates II-B1 LLC SEC Form ADV-derived records — Leonard Green & Partners, L.P. Leonard Green & Partners official website Leonard Green & Partners 2026 transaction and fund announcements
IMPORTANT FORM D NOTICE Form D is a notice filing for an exempt securities offering and does not represent SEC approval of LGP Executive Associates I-PT LLC, Leonard Green & Partners or any underlying investment. Regulatory AUM reported by Leonard Green & Partners describes the broader adviser and should not be attributed to this individual executive vehicle.