Secondary Investments

Lexington teamed up with a secondary direct specialist to purchase investments in 20 venture capital and small-cap companies in an end-of-active life private equity fund managed by a highly respected GP now focusing on large buyouts. Lexington’s consortium distinguished itself from other potential buyers due to its experience in structuring and executing complex secondary direct transactions and also due to Lexington’s longstanding relationship with the selling GP. Lexington’s consortium gained unique insights into the underlying companies by hiring key employees responsible for managing the investments who helped lead the extensive due diligence. This acquisition is one of 11 secondary direct transactions completed by Lexington, which together account for over $765 million in aggregate value in more than 100 portfolio companies.

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