Our expertise
Lexington Partners’ substantial investment experience and established leadership position in the global secondary and co-investment markets distinguish the firm.
US$77B
Assets under management
8
Global locations
30+
Year track record of private equity investing
Data as of 30/06/2025.
Team snapshot
Lexington Partners maintains a high retention rate among senior professionals who have worked together across multiple market cycles. This continuity has enabled us to develop global networks for sourcing investment opportunities and foster strong relationships with sponsors, providing us with valuable insights and access to information.
Strong partnership culture
26 partners averaging 19 years together at Lexington
Extensive investment talent
85 investment professionals averaging 10 years of private equity experience
Robust global presence
190+ employees across eight offices in major centres for private equity
Leading secondary market position
We have curated one of the largest portfolios of private investment funds globally.
Large co-investment program
We created one of the first discretionary co-investment programs over 26 years ago.
Global sponsor and sourcing relationships
Extensive sponsor relationships and long-standing sourcing networks offer access to information and high-quality investment opportunities.
Established reputation
Trusted global brand and seasoned expertise, we offer investors a reliable and experienced counterparty with minimal execution risk.
Contact us
Please contact us for any questions on our products or services.
By email
Our knowledge hub
Insight
Private Markets Insights: Private Equity Secondaries - A primary allocation
Private equity is at a turning point, with investors and advisors exploring the best ways to allocate across sub-strategies. There is a compelling case for private equity secondaries serving as the cornerstone of a core/satellite evergreen model.
Insight
Private Markets Insights: Not a simple open and closed case
Evergreen and closed-ended funds offer different paths to private markets - understanding their strengths can help investors optimise allocations.
Insight
Unlocking opportunities: Understanding the growing secondary market
The global secondary market has grown over the past three decades primarily because of the increased supply of capital committed to private investment funds, according to Lexington Partners. They believe the backdrop for the secondary market continues to remain attractive.
Insight
2024 Alternative Investment Outlook: Challenges create opportunities
Many of the same issues that impact traditional investments also impact alternative investments. Explore our outlook for private credit, private equity, real estate, and hedge funds.
Glossary
Private equity:
funds typically invest in equity capital that is not publicly available. Instead, the funds take direct ownership in private companies. Private equity has the potential to provide above-market returns, with greater control, reduced liquidity and greater diversification, than traditional public markets.
Venture capital:
is a form of private equity that investors provide to start-up companies and small business that exhibit high growth potential.
Secondary investments:
involve buying existing stakes in private equity funds or direct investments from current investors. These transactions typically occur after the initial investment period and allow new investors to enter the fund or investment at a later stage, often with more information about the underlying assets and potentially at a discount.
Co-investments:
are direct investments made alongside a private equity fund into a specific portfolio company. These investments allow investors to participate in individual deals without paying additional management fees or carried interest, providing an opportunity to enhance returns and gain exposure to particular assets or sectors.
Correlation:
is a statistical measure of the relationship between two sets of data. When asset prices move together, they are described as positively correlated; when they move opposite to each other, the correlation is described as negative or inverse. If price movements have no relationship to each other, they are described as uncorrelated.
Important information
Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested.
Individual securities mentioned are intended as examples only and are not to be taken as advice nor are they intended as a recommendation to buy or sell any investment or interest.
Investment risks
Private equity & venture capital investments involve a high degree of risk and are suitable only for investors who can afford to risk the loss of all or substantially all of such investment. Private equity investments and the vehicles that invest in them should be considered illiquid and their performance may be volatile. There can be no assurance that any investment will be adequately compensated for risks taken.