LP
Lexington Partners
Fund of fund · Founded 1994 · New York City, United States
Who Lexington Partners is.
- 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.
The funds Lexington Partners backs.
Lexington Partners is a limited partner in 334 funds. 42 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How Lexington Partners’ fund book is spread.
The 334 funds Lexington Partners backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 331 of 334 with a location on record.
- North America 22869%
- Europe 8225%
- Rest of world 216%
United States 227 · United Kingdom 55 · France 9 · Hong Kong 5
How established those managers are
Managers grouped by how many funds they have raised — across the 190 of 334 with a fund history on record.
The companies Lexington Partners backs directly.
Lexington Partners holds 7 companies directly, separate from the funds it commits to as a limited partner.
Plus 1 holding with no logo on record.
Inside Lexington Partners’ portfolio.
The 6 highest-funded portfolio companies, of 7 tracked.
AuAbSoCaFoKiOther LPs.
Other funds of funds in the Power Law LP ranking, closest to Lexington Partners by combined power-law score — North America first, then the nearest worldwide.