History of Innovation

History of Innovation

Milestones

Principals of Lexington Partners have been at the forefront of innovation in the alternative investment market for over 28 years. Some of the major milestones accredited to Lexington’s principals include:

2017

Lead acquirer of a selection of $1.2 billion in Asian assets from Warburg Pincus Private Equity XI LP

Lexington Partners and Goldman Sachs’ asset management unit are largest investors in the deal

2017

Final closing of LMMI IV at $2.66 billion

A specialized fund targeting middle market interests in the global secondary market

2017

Completion of transaction with BC Partners, representing total capital commitment of approx. $1 billion

Major GP-led transaction provides important liquidity opportunities for LPs, and allows BC Partners to reshape investor base and position for growth

2016

Launch of Lexington Partners Latin America

Lexington Partners opens office in Santiago, Chile

2015

Final closing of LCP VIII, the largest global secondary fund

Equity commitments totaling $10.1 billion from over 300 investors in 26 countries

2014

Final closing of LMMI III and LEP with equity commitments totaling $1.2 billion

Specialized middle market secondary funds targeting U.S. and Asian/Latin American interests

2013

Development of the infrastructure secondary market

Purchase of a $500 million original commitment to a leading global infrastructure fund from a U.S. bank

2013

Final closing of CIP III, one of the largest dedicated global co-investment funds

Equity commitments totaling $1.57 billion

2012

Leadership of first $1.7 billion secondary transaction

Purchase of portfolio of private equity and alternative investments from large institutional investor

2011

Final closings of LMMI II and LCP VII, the largest global secondary fund at the time

Equity commitments totaling $7.650 billion from over 200 investors in 20 countries

2010

Purchase of a diversified portfolio of co-investments, fund-of-funds and mezzanine investments from a U.S. bank

$1.2 billion purchase of 128 private equity interests

2008

Purchase of a diversified portfolio of private equity interests from the largest U.S. public pension fund

$1.5 billion purchase, as part of a syndicate, of 52 private equity fund interests

2007

Expansion of Lexington’s successful co-investment program

Forming a dedicated fund to make equity co-investments in Europe and Asia (CIP Europe)

2007

Leadership of a secondary spin-out transaction from a hedge fund

$200 million transaction to acquire a 70% stake in 19 investments

2005

Expansion of Lexington’s innovative co-investment program to form CIP II

Adding a second leading U.S.-based institutional investor (New York State Teachers’ Retirement System and Florida State Board of Administration)

2004

Formation of a dedicated secondary fund to acquire middle market buyout interests (LMMI I)

Including those less than 50% funded at acquisition

2002

Formation of a global secondary fund, LCP V, to acquire a diversified portfolio of private equity interests

Equity commitments totaling $2.0 billion

2001

Purchase of a diversified portfolio of private equity interests from a corporate pension trust

$570 million purchase of 90 fund interests from a Fortune 500 company

2000

Co-leadership of the first $1 billion secondary transaction in Europe

Purchase of portfolio of investments in U.K. and European companies from a bank

2000

Leadership of the first $1 billion secondary transaction in the U.S.

Purchase of portfolio of global private equity fund interests from a bank

1998

Establishment of Co-Investment Partners (CIP)

One of the first independent, discretionary co-investment programs, with a leading U.S.-based institutional investor (Florida State Board of Administration)

1996

Completion of one of the first secondary transactions to acquire direct company investments

Purchase of a portfolio of 8 company interests from a bank

1994

Development of the mezzanine secondary market

Purchase of a portfolio of mezzanine fund interests from a bank

1993

Development of the buyout secondary market

Purchase of a portfolio of buyout fund interests from a corporation

1990

Development of the venture capital secondary market

Purchase of two separate portfolios of venture capital fund interests from an insurance company and a bank