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– Wil Warren Named President –

– Wil Warren and Pål Ristvedt to Co-Chair Firm’s Secondary Investment Committee –

Lexington Partners (“Lexington”), one of the world’s largest and most experienced independent alternative investment managers in the secondary market, has appointed Wilson S. “Wil” Warren as President of the Firm, it was announced today by Brent R. Nicklas, Founder and Chairman. Mr. Nicklas also announced that Mr. Warren and Pål B. Ristvedt have been named Co-Chairs of the Firm’s secondary investment committee.

Mr. Warren, who joined Lexington in 1994, leads Lexington’s U.S. secondary investment activity, originating and evaluating secondary purchases of private equity and alternative investments. Mr. Ristvedt joined the Lexington team in 2001 and today guides the Firm’s non-U.S. secondary investment activity from London.

Mr. Nicklas said, “I could not be more proud to announce these new leadership responsibilities. The Lexington team is tested and highly experienced, having successfully led our funds and effectively carried out Lexington’s investment strategies over the past two decades.

“Together, Wil Warren and Pål Ristvedt have been important contributors to the Firm’s success, creating significant value for our limited partners,” continued Mr. Nicklas. “They are proven investors with strong track records and their industry leading experience in the origination and evaluation of secondary transactions has been central to Lexington’s continued innovation in the global secondary market. The promotions of Wil and Pål reflect both the growth of Lexington and recognition of each individual’s substantial and ongoing contribution to the Firm’s success and direction.”

In conjunction with these appointments, Mr. Nicklas announced that he has assumed the role of Founder and non-executive Chairman. Mr. Nicklas will continue to be a significant investor in Lexington, but will no longer be actively engaged in the operations of the Firm.

“Having been part of Lexington Partners for nearly 25 years, I am humbled by the responsibility I am assuming in this new role and could not be more excited to partner with Pål and the entire Lexington team to maintain Lexington’s leadership position in our investment strategies in the secondary and co-invest markets,” said Mr. Warren . “We are incredibly energized as we look to the future. At the same time, all of us at Lexington want to express our sincerest gratitude to Brent Nicklas as he takes on a new role within the firm as Founder and non-executive Chairman. Brent is a giant in our industry and a true visionary who helped pioneer investment strategies in the secondary and co-investment markets.”

Lexington also announced that Marshall Parke, who joined the Firm in 2000, has assumed the role of Vice Chairman. Mr. Parke has guided Lexington’s non-U.S. activity from London and played an important role in building the Firm’s international business.

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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 26 years ago. Lexington has total capital in excess of $76 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.


Todd Fogarty
(212) 521-4854