Key Takeaways
- • Lexington Partners closed its Lexington Co-Investment Partners VI (CIP VI) fund at $4.6 billion in commitments, surpassing its $4 billion target and establishing itself as one of the largest dedicated co-investment vehicles globally.
- • The fund attracted strong capital commitments from institutional investors across North America, Europe, Asia, Latin America, and the Middle East, signaling sustained institutional confidence in Lexington's co-investment strategy and track record.
- • CIP VI continues Lexington's 27-year co-investment program, which has cumulatively raised $15 billion and deployed over $10.5 billion across 600+ deals, reinforcing the firm's position as a leading secondary and co-investment specialist within alternative asset management.
- • Lexington Partners, operating as the global secondary and co-investment arm of Franklin Templeton, manages over $82 billion in total capitalization and has pioneered institutional secondary markets over 35 years, demonstrating sustained institutional demand for co-investment access alongside leading private equity sponsors.
- • Recent portfolio companies include AbsoluteCare, Vessco, Sovrn, The Beachbody Company, and N-able, reflecting diversified deployment across multiple sectors and geographies.
Summary
Lexington Partners announced the final close of Lexington Co-Investment Partners VI (CIP VI) with $4.6 billion in committed capital, exceeding its $4 billion target. The fund's oversubscription reflects broad institutional appetite for co-investment opportunities in the current market environment. According to Bart Osman, Partner at Lexington Partners, "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."
CIP VI represents the latest iteration of Lexington's established co-investment strategy, now spanning 27 years. The program has demonstrated sustained performance, having cumulatively raised $15 billion and deployed over $10.5 billion across 600+ deals. This track record positions CIP VI among the most significant dedicated co-investment funds globally, addressing institutional investor demand for access to portfolio company stakes alongside leading private equity sponsors.
Lexington Partners operates as the global secondary and co-investment specialist arm of Franklin Templeton (acquired in 2022 for $1.75 billion). The firm manages over $82 billion in total capitalization and has been active in alternative investments for over 28 years. Lexington's geographic footprint spans North America, Europe, Asia, and Latin America, supporting its ability to identify and execute co-investment opportunities across multiple regions and sectors. Recent portfolio deployments include investments in AbsoluteCare, Vessco, Sovrn, The Beachbody Company, and N-able, demonstrating sector and stage diversification.
The CIP VI close underscores sustained institutional confidence in dedicated co-investment vehicles and Lexington's disciplined approach to constructing diversified portfolios alongside leading private equity sponsors. The fund's ability to exceed its fundraising target signals robust demand for this asset class among institutional allocators seeking exposure to private equity investments with differentiated sponsor partnerships and risk-adjusted return profiles.
CIP VI represents the latest iteration of Lexington's established co-investment strategy, now spanning 27 years. The program has demonstrated sustained performance, having cumulatively raised $15 billion and deployed over $10.5 billion across 600+ deals. This track record positions CIP VI among the most significant dedicated co-investment funds globally, addressing institutional investor demand for access to portfolio company stakes alongside leading private equity sponsors.
Lexington Partners operates as the global secondary and co-investment specialist arm of Franklin Templeton (acquired in 2022 for $1.75 billion). The firm manages over $82 billion in total capitalization and has been active in alternative investments for over 28 years. Lexington's geographic footprint spans North America, Europe, Asia, and Latin America, supporting its ability to identify and execute co-investment opportunities across multiple regions and sectors. Recent portfolio deployments include investments in AbsoluteCare, Vessco, Sovrn, The Beachbody Company, and N-able, demonstrating sector and stage diversification.
The CIP VI close underscores sustained institutional confidence in dedicated co-investment vehicles and Lexington's disciplined approach to constructing diversified portfolios alongside leading private equity sponsors. The fund's ability to exceed its fundraising target signals robust demand for this asset class among institutional allocators seeking exposure to private equity investments with differentiated sponsor partnerships and risk-adjusted return profiles.
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