Lexington Partners Launches Co-Investment Vehicle Access Fund

Lexington Partners launched an access fund for its sixth co-investment vehicle, according to a February 4 filing with the SEC.

Lexington Co-Investment Partners VI Access Fund opened for sale on February 3 and has already raised $346.1M from 495 investors. The minimum investment was set at $50K.

The New York-based global manager of secondary private equity and co-investment funds sought the assistance of Merrill Lynch, Pierce, Fenner & Smith Inc. in marketing the access fund, allocating nearly $2M for sales commissions.

Lexington Partners launched Lexington Co-Investment Partners VI in December 2023. In an amended July 2024 filing with the SEC, the firm indicated that its sixth co-investment vehicle had already raised $2.78B from eight investors. According to Dakota data, Partners VI has received capital commitments from the Ohio University Endowment, the Minnesota State Board of Investments, and the Florida State Board of Administration.

The fund manager initiated its co-investment program in 1998. Since then, it has completed more than 530 investments under the program, deploying over $8B in capital across six funds. The program has a total capitalization of $10B, according to the firm's website.

Written By: Dakota

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