Lexington Partners Exceeds Target, Closes Fund X at $22.7b

Lexington Partners has successfully concluded the fundraising for Lexington Capital Partners X (LCP X), surpassing its initial $15bn target by securing an impressive $22.7bn in capital commitments. This achievement significantly outpaces their previous secondary fund, LCP IX, which closed at $14bn in 2020. LCP X, a 2022 vintage fund, focuses on acquiring private equity and alternative asset partnership portfolios from large-scale investors in strategic reallocations or seeking liquidity.

Notably, the fund, now over 40% committed, boasts a diverse portfolio of over 50 transactions with various sellers, including public and corporate pensions, banks, and financial institutions. With a wide-ranging investor base of over 400 participants from North America, Europe, Asia-Pacific, Latin America, and the Middle East, LCP X demonstrates Lexington's continued prowess in the private equity landscape, offering secondary solutions for investors through strategic partnerships.