Lexington invests primarily as a fund of funds, purchasing interests in various investment funds, typically structured as limited partnerships. Lexington Partners acquires positions in venture capital, leveraged buyout and mezzanine capital funds, together with portfolios of companies or stakes in companies from institutions, corporates, government bodies and family offices.
Lexington is reported to be raising a new $5.0 billion secondary fund, which would be the largest active fund in the secondary market, eclipsing Coller Capital's $4.8 billion fund. The two firms have alternated the leadership position in recent years.
Lexington is a dedicated secondaries investor and like many of its peers has limited ability to make new commitments to private equity funds. While in certain instances this impacts the firm's desirability to general partners as a replacement limited partner, Lexington does make strategic commitments to newly formed private equity funds. The firm also manages equity co-investment vehicles that invest alongside financial sponsors. Lexington’s secondary funds have committed to over 190 newly formed private equity funds while Lexington’s co-investment funds have committed to invest over $1.9 billion in 86 co-investments in the U.S. and Europe.
Lexington’s limited partners include corporate and public pension funds, sovereign investment authorities, insurance companies, financial institutions, endowments, foundations and family offices.
Read more about this topic: Lexington Partners
Other articles related to "investment program, investment, program":
... The volume of investment of JSC Russian Railways in 2012 reached 460.1 billion rubles ... In 2009, the investment budget was 262.8 billion rubles (excluding VAT), of which 47,4 billion — projects related to the preparation and staging of the Olympic Games in ... The main projects of the Investment program 2012–2014 Acceleration to 2014 the passenger traffic on the line Moscow-Adler and the line service between Rostov and Krasnodar to 2015 ...
1999 June Clear Channel Communications, DirecTV, General Motors, and a private investment group invest US$250 million in XM Satellite Radio convertible debt ... June 7 with GM's investment in XM, they enter into a 12-year "Distribution Agreement" between XM and GM subsidiary, OnStar Corporation ... company, uses approximately US$75 million of the proceeds from the private investment to reacquire the 20% interest WorldSpace holds ...
... Over the past 20 years, China has engaged in what is possibly the largest program to build wastewater treatment plants in history ... the substantial achievements of this program, many challenges remain ... in what possibly is the largest wastewater treatment investment program in history ...
Famous quotes containing the words program and/or investment:
“When I saw it I was so glad I could not speak. My eyes seemed too little to see it all.... I was a long time without speaking to my friend. To see me always looking and never speaking he thought I had lost my mind. I could not understand where all this could come from.”
—For the State of Maine, U.S. public relief program (1935-1943)
“There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)