Lexington Partners holds interim closing on $3bn

The fund will target secondary positions in buyout, mezzanine and venture funds.

In December last year, the fund announced a close on $2.7bn. It was launched in early 2008 with a $5bn target. Back then, predictions circulating in the market pointed to a considerable increase in secondaries activity, which has yet to materialise. Market rumours suggest the fund's target has now been lowered to $4bn.

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• Topics
• Secondaries
• DACH
• Benelux
• France
• Nordics
• CEE
• UK / Ireland
• Southern Europe
• LP interest secondary