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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 a leading global alternative investment manager primarily involved in providing liquidity solutions to owners of private equity and other alternative investments and in making co-investments alongside leading private equity sponsors. Lexington Partners is one of the largest independent managers of secondary acquisition and co-investment funds with $52 billion in committed capital since inception. Lexington has acquired over 3,300 secondary and co-investment interests through more than 800 transactions with a total value in excess of $54 billion, including $13 billion of syndications. Lexington also invests in private investment funds during their initial formation and has committed to more than 450 new funds in the U.S., Europe, Latin America, and the Asia-Pacific region. Lexington has offices strategically located in major centers for private equity and alternative investing ‐ New York, Boston, Menlo Park, London, Hong Kong, Santiago, and Luxembourg. Lexington also has senior advisors covering Asia, Australia, and the United States.

MEDIA CONTACT

Michael Robin
Managing Director
(212) 559-4164
michael.robin@citi.com