TLDR:
- Lexington Partners raises $22.7 billion for secondhand private-equity stakes, surpassing its $15 billion goal
- The fundraising effort attracted institutional backers such as pension systems and exceeded expectations
Lexington Partners, a prominent investor in secondhand private-equity assets, has successfully raised $22.7 billion for its latest fundraising effort. This amount exceeds the firm’s original $15 billion goal and represents its largest fundraising haul to date. Institutional backers, including pension systems such as the Minnesota State Board of Investment, the Kentucky Teachers’ Retirement System, and the New York City Employees’ Retirement System, participated in the fundraising effort.
Lexington Capital Partners X, the fund that raised the $22.7 billion, attracted considerable interest from investors, with commitments ranging from $100 million to more than $100 million. The success of this fundraising effort highlights the continued appeal of secondhand private-equity stakes for institutional investors seeking exposure to the private markets.
The strong interest from institutional backers in this fundraising effort demonstrates their confidence in Lexington Partners’ ability to identify and profit from attractive investment opportunities in the secondhand private-equity market. With more than 25 years of experience in this space, Lexington Partners has established a strong track record and reputation for delivering favorable returns to its investors.
Overall, the success of Lexington Partners’ fundraising effort underscores the ongoing demand for secondhand private-equity stakes as an investment strategy. Institutional investors are increasingly looking to gain exposure to the private markets, and secondhand investments provide a way to access these opportunities without committing significant resources to the primary private-equity market.
As this fundraising effort surpassed expectations, it signals a positive outlook for the secondhand private-equity market going forward. With a significant amount of capital now available for investment, Lexington Partners is well-positioned to take advantage of attractive opportunities and generate strong returns for its investors.
