Lexington Partners L.P. ("Lexington") is a leading global alternative investment manager primarily involved in providing liquidity solutions to owners of private equity and alternative investments and in making co-investments alongside leading private equity sponsors. Lexington is one of the world's largest independent managers of secondary acquisition and co-investment funds with $52 billion in total committed capital since inception. Lexington has acquired over 3,300 secondary and co-investment interests through more than 850 transactions with a total value in excess of $54 billion, including $13 billion of syndications.
Lexington's secondary acquisition funds primarily invest in limited partnership interests in underlying funds managed by global sponsors. Lexington's co-investment program ("CIP") makes equity co-investments alongside lead sponsors in buyout and growth capital portfolio companies, primarily in minority positions. Both investment strategies are passive in nature with limited ability to manage ESG factors at the portfolio company level.
Lexington fully supports the mission and ideals of the PRI and is aware that environmental, social, and governance (“ESG”) issues can affect investment portfolios. Lexington considers a variety of factors when making investment decisions on behalf of the funds that it manages and recognizes that ESG considerations are important parts of the investment analysis and decision-making processes. In addition, we are conscious that as ESG policies and regulations become more widely promulgated, it is likely that underlying companies that are better positioned to embrace the aspirational aims of the PRI will be less adversely affected financially in the future.