Lexington raises $3.2bn for latest co-investment fund

Lexington Partners held the final close for its Lexington Co-Investment Partners V and associated vehicles (CIP V) with commitments totaling $3.2 billion.

According to Lexington, CIP V received capital from 13 large institutional investors based in the U.S., Europe, Latin America and Australia, with an average commitment size of $235 million each.

“We are grateful for the continued support of CIP’s investors, which represent some of the largest institutional investors in private equity,” said Wil Warren, partner and president of Lexington. “Having initiated the co-investment program 23 years ago with . . .

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