LP profile · Fund of fund
Lexington Partners
Lexington Partners is a fund of fund headquartered in United States (North America). Ranked #17 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- Lexington Partners was established in 1994, positioning itself as a manager of secondary private equity and co-investment funds.
- The firm was an early participant in the secondary market, with its founder involved in some of the earliest secondary transactions dating back to 1993.
Source of Capital
- The firm draws capital from a global investor base that includes public and corporate pension funds, sovereign wealth funds, and insurance companies.
- Additional capital sources include financial institutions, endowments, foundations, and family offices.
Major Events
- In 2021, Franklin Templeton completed the acquisition of Lexington Partners, which now operates as a Specialist Investment Manager within the Franklin Templeton organization.
Allocation Strategy
- The firm's primary focus is on alternative assets, specifically secondary private equity and co-investment funds.
- Lexington Partners makes equity co-investments alongside various private equity sponsors, with a focus on buyout and growth equity transactions.
- The firm maintains a global investment footprint, with offices located in major centers for private equity in North America, Europe, and Asia.
Sources
- https://www.lexingtonpartners.com/
- https://www.lexingtonpartners.com/about/
- https://www.franklinresources.com/about-us/specialist-investment-managers/lexington-partners
- https://www.franklintempleton.com/about-us/our-teams/specialist-investment-managers/lexington-partners
- https://en.wikipedia.org/wiki/Lexington_Partners
- https://www.caisgroup.com/available-on-cais/lexington-partners