Testa, Hurwitz and Thibeault recently assisted Lexington Partners, a global private equity firm, in closing on approximately $2 billion of capital commitments for their newest secondary fund, Lexington Capital Partners V, L.P.
Lexington was founded in 1994 to provide liquidity to private equity investors interested in selling limited partnership interests. Today, Lexington is the largest independent manager of secondary private equity capital with approximately $6.8 billion of committed capital. Lexington’s five secondary funds purchase buyout, venture capital and mezzanine limited partnership interests in both domestic and international markets. Lexington also manages Co-Investment Partners, an investment fund with current committed capital of $750 million. Co-Investment Partners is a leading equity co-investor, investing alongside buyout and growth-capital sponsors.