Second-hand sales of private equity holdings could more than treble over the next two years despite last year’s record high, as investors look to offload portfolios built in the boom times…
Read Full Article »Facing an unprecedented buyer’s market for limited partnership interests, New York-based Lexington Partners expects to hold a first close on its seventh secondary fund in early 2009…
Read Full Article »Lexington Partners has collected around $500 million in initial closings for its new mid-market secondary fund, according to a person close to the effort.
Read Full Article »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...
Read Full Article »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...
Read Full Article »Lexington Partners has closed on its largest secondary fund – again. The firm, which originally closed on $3.5 billion in August, reopened the fund to bring the total to $3.8 billion, according to several people familiar with the firm. The New York-based...
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