WSJ Pro Private Equity - Laura Kreutzer - November 6, 2006
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 the fund’s $2.5 billion target. However, the firm has received additional interest from institutional investors that didn’t make it in and is weighing how to accommodate that interest, if at all, according to people familiar with the firm.
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