Secondaries giant Lexington raises $14bn

Lexington Partners well exceeded its fundraising target in gathering $14 billion for its Lexington Capital Partners IX (LCP IX), which is structured to take advantage of a full range of secondary market transactions.

The firm is said to be one of the largest independent managers of secondary acquisition funds, which have relied upon increasingly by investors seeking access to private equity markets.

Providing liquidity to owners of private equity and other alternative assets across sectors globally, LCP IX will acquire partnership portfolios from large-scale investors as the undertake portfolio rebalancing. The effort is complemented . . .

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