Lexington Today

Lexington Today

An Industry Leader and Pioneer

Lexington Partners is one of the world’s largest and most successful independent managers of secondary private equity and co-investment funds. Since 1990, principals of Lexington Partners have organized 20 secondary funds and 9 co-investment pools with total capital of $38 billion. Our investors include more than 700 leading public and corporate pension funds, sovereign wealth funds, insurance companies, financial institutions, endowments, foundations, and family offices from more than 30 countries.

Lexington Partners helped pioneer the development of the institutional secondary market more than 28 years ago and created one of the first independent, discretionary co-investment programs over 20 years ago. Today, Lexington Partners has:

  • Acquired over 2,600 secondary interests through more than 480 secondary transactions with a total value in excess of $42 billion, including $12 billion of syndicated transactions
  • Invested $5.1 billion in over 320 co-investments alongside more than 150 sponsors
  • Committed more than $2.0 billion to over 390 primary funds

$49 Billion

Total value of secondary, co-investment, and primary interests acquired, including $12 billion syndicated to co-investors and LPs

3,300+

Secondary, co-investment, and primary interests acquired since inception

690+

GPs in Lexington’s cumulative investment portfolio

Diversification of Investments:
Prior Ten Years

Lexington has constructed a highly diversified global portfolio of private equity and alternative investments. Lexington has meaningful participation in each of the major sectors and has made significant investments in the United States, U.K. / Europe, and increasingly in the growth markets of Asia and Latin America.

Diversification by Sector

Diversification by Geography

Lexington’s success is based on the stability and experience of our professional team. Since inception, Lexington has had low staff turnover fostering retention of knowledge as well as key sponsor and counterparty sourcing relationships. Lexington’s 34 partners and principals each average over 16 years of alternative investment experience and more than 13 years together at Lexington. The firm’s partners and principals are supported by investment professionals skilled in the evaluation and analysis of global secondary, co-investment, and primary opportunities, and by a talented team of investor relations, fund accounting, and fund administration professionals.

Lexington believes that private equity and alternative investment sponsors have the ability to enhance their long-term performance through an understanding of Environmental, Social and Corporate Governance (ESG) issues affecting their portfolio companies. Lexington has a responsible investment policy, is a signatory to the Principles for Responsible Investment (PRI), and acts as a good steward of investors’ capital by collaborating with our diverse portfolio of sponsors regarding ESG best practices.

Lexington Partners is a global firm with six offices strategically located in major centers for private equity and alternative investing – New York, Boston, Menlo Park, London, Hong Kong, and Santiago. In addition, Lexington Partners has Senior Advisors located in Asia, Australia, Latin America, and the United States.