Lexington Partners Closes Lexington Co-Investment Partners V at $3.2 Billion
03.19.21
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Simpson Thacher represented Lexington Partners (“Lexington”) in the establishment of Lexington Co-Investment Partners V, L.P. and associated vehicles (“CIP V”), with committed capital totaling $3.2 billion. Lexington has announced that CIP V surpassed its initial $3 billion hard cap and is one of the largest dedicated global co-investment funds. CIP V started investing in September 2020 and will continue the Lexington co-investment program's strategy of constructing diversified portfolios of equity co-investments alongside leading private equity sponsors, primarily in U.S. and European companies. In addition, CIP V may co-invest opportunistically in companies in Asia and Latin America. Lexington Partners is a leading global alternative investment manager primarily involved in providing liquidity solutions to owners of private equity and other alternative investments and in making co-investments alongside leading private equity sponsors.
The Simpson Thacher team included Michael Wolitzer, Carolyn Houston, Yordanosse Yenenh, Amanda Ng and Shreya Tallanje (Funds); Mary Touchstone, Julia Kohen, Ashley Belton, Jessica Paletsky, Adam Deutsch and Jordan Chafetz (Credit); Jonathan Goldstein, Nicole Humphrey and Kris Liu (Tax); and Jeanne Annarumma (ECEB).