Lexington Partners Banks $3.2 Billion for Fifth Co-Investment Fund

Secondary investing giant Lexington Partners has blown past the target for its latest co-investment fund.

The New York-based firm has closed its Lexington Co-Investment Partners V LP fund with $3.2 billion, surpassing its initial $2.5 billion target. The new vehicle is more than 33% larger than its predecessor, which closed on about $2.36 billion in 2017.

 Lexington Partners is a leading global alternative investment manager primarily involved in providing liquidity solutions to owners of private equity and other alternative investments and in making co-investments alongside leading private equity sponsors.  Lexington Partners is one of the largest independent managers of secondary acquisition and co-investment funds with $55 billion in committed capital since inception.  

Lexington has acquired over 3,400 secondary and co-investment interests through more than 900 transactions with a total value in excess of $62 billion, including $15 billion of syndications.  Lexington also invests in private investment funds during their initial formation and has committed to more than 500 new funds in the U.S., Europe, Latin America, and the Asia-Pacific region.

Source: Wall Street Journal

Can’t stop reading? Read more