Our expertise
Lexington Partners’ substantial investment experience and established leadership position in the global secondary and co-investment markets distinguish the firm.
US$80B
Assets under management
8
Global locations
30+
Years investing in private equity
Data as of 30/09/2025 reported values and underlying GP values of 30/06/2025.
Team snapshot
High retention of senior professionals, who have invested together throughout multiple market cycles, has helped Lexington Partners establish global sourcing networks and build extensive sponsor relationships with access to information and high-quality deal flow.
Strong partnership culture
28 partners averaging 19 years together at Lexington
Extensive investment talent
90 investment professionals averaging 10 years of private equity experience
Robust global presence
200+ employees across eight offices in major centres for private equity
Leading secondary market position
We have assembled one of the world’s largest portfolios of private investment funds.
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 deal flow.
Established reputation
Enduring global brand and an experienced counterparty with low execution risk.
Strategy overview
Leading secondary manager
Lexington’s secondary funds have been organised to acquire global private equity interests through negotiated secondary market transactions.
The long-term nature of private equity and alternative investments can present secondary market opportunities when factors such as portfolio rebalancing, government regulation, overallocation and general liquidity needs give rise to investors actively managing their private investment allocations.
Lexington’s counterparty reputation, breadth of relationships and strength of capital are widely recognised by global sellers.
Target transactions
Partnership portfolios, GP-led transactions, opportunistic deal flow and primary commitments
Investment size
Complex, multi-billion-dollar portfolios to single interest acquisitions
Contact us
Ready to explore partnership opportunities? Contact us today to gain access to our comprehensive range of products and services.
Our knowledge hub
Insight
Evergreen principles for liquidity sleeve management
Effective liquidity management is crucial for evergreen funds, and this paper delves into the strategic design and dynamic adjusting of liquidity sleeves to balance accessibility of capital and optimal investment performance.
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.
Education
Alternatives education by Franklin Templeton Academy
The Franklin Templeton Academy Alternatives program empowers partners to navigate alternative investments confidently. Visit our Franklin Templeton Academy section to find out more information on our alternatives training programs for financial professionals.
Lexington Partners is a Specialist Investment Manager (“SIM”), part of the Franklin Templeton Group.
Important legal information
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Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest. Please read the relevant Product Disclosure Statements (PDSs), and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital.
In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations (TMD) for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.
Past performance is not an indicator nor a guarantee of future performance. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. All investments involve risks, including possible loss of principal.
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