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Citi Announcement

Citi Private Bank, as a Lead Arranger and Administrative Agent, has successfully led a 4 bank syndication, providing a $375 million commitment to a $1.025 billion Subscription Commitment Facility (the “Facility”) for Lexington Partners.

The Facility is a 3 year revolving line of credit, subject to a one-year extension, and will be used for acquisitions, letters of credit issuance, and for general fund purposes. The entire Facility amount will be available in US Dollars, Euros, Pound Sterling, and Canadian Dollars.

About Financial Sponsors Group at Citi Private Bank

Citi Private Bank’s Financial Sponsors group specializes in meeting the financing needs of private equity firms and their sponsors globally. Citi provides revolving facilities and term loans to private equity funds in 14 countries across 5 continents. This transaction builds on Citi’s global franchise, adding further to over $60 billion in similar financing arranged over the last 10 years.

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About Lexington

Lexington Partners is one of the world’s largest and most successful managers of secondary private equity and co-investment funds. Lexington helped pioneer the development of the institutional secondary market over 30 years ago and created one of the first independent, discretionary co-investment programs 25 years ago. Lexington has total capital in excess of $75 billion and has acquired over 5,000 interests through more than 1,000 transactions. Lexington’s global team is strategically located in major centers for private equity and alternative asset investing across North America, Europe, Asia, and Latin America. Lexington is the global secondary private equity and co-investments specialist investment manager of Franklin Templeton.


Michael Robin
Managing Director
(212) 559-4164