Lexington Eyes Up to $6B for Two New Secondary Funds

After raising an eye-popping $3.8 billion secondary fund less than a year ago, Lexington Partners will soon return to raise a successor with a $5 billion target, according to founder and Managing Partner Brent Nicklas. If the latest fund – which could hit the...

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Secondary Firms See New Sources of Deal Flow

Ken Sawyer, founding partner of secondary firm Saints Capital, has sealed three deals this year in which hedge funds were the sellers. He expects such opportunities to increase, and he isn’t alone. With the credit markets on pause and the specter of an economic...

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Lexington’s 6th Secondary Fund Wraps Up at $3.5B, For Now

Lexington Partners has held a final closing of its sixth secondary fund, although it remains to be seen just how ‘final’ final is. The New York-based secondary shop held a final closing on $3.5 billion for Lexington Partners VI LP in August, well ahead of...

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