The New York-headquartered firm promoted five secondaries-focused professionals to partner, according to a statement. They are Charles Bridgeland in London, Matthew Hodan in Menlo Park, John Lee in Hong Kong and Clark Peterson and Taylor Robinson in New York.
“These promotions cap a remarkable 2022 in which Lexington allocated $8 billion to new investments across our secondary and co-investment funds, closed substantial investor commitments, enhanced our global office footprint and completed our strategic transaction with Franklin Templeton,” said Wil Warren, Lexington’s president.
The firm also promoted two other professionals to partner, both of whom focus on co-investments.
The promotions were effective from 1 January and bring the number of partners at the firm to 23, according to its website.
Lexington is seeking $15 billion for Lexington Capital Partners X, according to Secondaries Investor data. The fund has raised at least $12.8 billion so far from investors including Cathay Life Insurance, Minnesota State Board of Investment and Taiwan Life Insurance.
The firm’s investment activity last year included acquiring a portion of a roughly $6 billion portfolio sale from the California Public Employees’ Retirement System in one of the largest sales to ever trade hands.
Franklin Templeton closed its acquisition of Lexington in April.