Lexington snaps up Cinven fundraiser

Secondaries firm Lexington Partners has hired a Cinven investor relations principal.

Anthony Garton, who has been a member of Cinven’s fundraising and investor relations team, will be leaving imminently and is expected to start at Lexington in the next month or so.

Cinven declined to comment, while Lexington did not respond to a request for comment at press time.

Garton was part of the team that worked on Cinven’s recent fund, which held a final close in June on €5.3 billion.

Lexington has been in fundraising mode for a while for various vehicles. In July, the firm held a final close on $1.57 billion for its Lexington Co-Investment Partners III fund. It is also raising its third mid-market secondaries fund, which has a $750 million target. Meanwhile, it is expected to come to market next year with a success to its $7 billion global secondaries fund, PEI reported last month.

Prior to Cinven, Garton spent five years at Credit Suisse and UBS Investment Bank in London where he worked on structured finance origination, financial sponsors, leveraged finance and in financial institutions M&A. Prior to that, Garton, a qualified chartered accountant, was with Moore Stephens Corporate Finance.