– Lexington Partners, a leading global manager of co-investment and secondary private equity funds, announced the final close of Lexington Co-Investment Partners VI, L.P. and associated vehicles (CIP VI) with committed capital of $4.6 billion.
– CIP VI surpassed its $4.0 billion target and the $3.5 billion committed to its predecessor fund in 2021.
– CIP VI is one of the largest dedicated global co-investment funds.
– The fund will continue the Lexington co-investment program (CIP) strategy of building diversified equity co-investment portfolios alongside leading private equity and growth sponsors in North America, Europe, and the Rest of the World.
– CIP VI targets small, mid, and large-cap companies across a broad range of industry sectors.
– Since 1998, CIP has raised $15 billion in total committed capital and invested over $10.5 billion in more than 600 co-investments with over 200 leading sponsors.
– CIP has one of the most experienced co-investment teams in the industry, led by partners with an average tenure of 22 years at Lexington.
– Bart Osman, Partner at Lexington, highlighted strong support from existing and new investors across North America, Europe, Asia, Latin America, and the Middle East.
– Key investors include institutional pension plans, major financial institutions, corporate pensions, endowments/foundations, and family offices.
– The fund’s closing reflects confidence in Lexington’s disciplined investment strategy, strong reputation, and the success of its co-investment program initiated 27 years ago.
– CIP’s experienced team continues to access high-quality deal flow from leading GPs, and the current co-investment environment is seen as particularly attractive due to sustained demand for co-investor equity.
