Lexington Partners, one of the world’s largest managers of secondary and co-investment private equity funds, has announced the final close of Lexington Co-Investment Partners VI (CIP VI) with $4.6 billion in commitments, exceeding its $4 billion target.
The fund continues Lexington’s 27-year co-investment strategy, investing alongside leading private equity sponsors across North America, Europe, and global markets. Since its inception, the program has raised $15 billion and deployed over $10.5 billion across 600+ deals.
Lexington manages over $82 billion in total capitalization and operates as the global secondary and co-investment specialist arm of Franklin Templeton. The close cements CIP VI as one of the most significant dedicated co-investment funds globally. The firm helped pioneer the institutional secondary market over 35 years ago and created one of the first independent, discretionary co-investment programs 27 years ago.
Some of the companies in which Lexington invested include AbsoluteCare, Vessco, Sovrn, The Beachbody Company, and N-able.
Lexington’s experienced professionals are strategically located in major centers for private equity and alternative asset investing across North America, Europe, Asia, and Latin America. Lexington is the global secondary private equity and co-investments specialist investment manager of Franklin Templeton.
KEY QUOTES
“CIP VI received strong support from existing and new investors across North America, Europe, Asia, Latin America, and the Middle East. This reflects confidence in our disciplined investment approach and the success of our co-investment program.”
Bart Osman, Partner, Lexington Partners
