Back to Press Releases

Lexington Partners (“Lexington”) today announced it has entered into a definitive agreement to acquire a portfolio of approximately £470 million (US$730 million) of limited partnership interests in 33 private equity funds from certain subsidiaries of Lloyds Banking Group plc.

Marshall Parke, Managing Partner of Lexington’s international activities, said, “Lexington is pleased to have reached agreement with Lloyds to acquire a portfolio of high quality private equity fund investments. With a focus on the European midmarket, this portfolio is an excellent complement to Lexington’s recent investment activities in the United States and Asia.”

Terms of the transaction, which is expected to close early in the first quarter of 2011, were not disclosed. Completion of the transaction is subject to customary closing conditions.

Download AS PDF

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 managers of secondary acquisition and co-investment funds with $55 billion in committed capital since inception. Lexington has acquired over 4,000 secondary and co-investment interests through more than 1,000 transactions with a total value in excess of $70 billion, including $17 billion of syndications. Lexington also invests in private investment funds during their initial formation and has committed to more than 550 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, São Paulo and Luxembourg.

Media Contacts

In New York:

Todd Fogarty
(212) 521-4854

In London:

Kirk Beaton
Lexington Partners
+44 (20) 7318 0888