PEINVEST
Lexington Partners
ActiveLeading global secondary private equity firm providing institutional liquidity solutions.
4.50
Visit Lexington Partners (opens in new tab)
Last updated: 2026-01-23
Lexington Partners Overview
Lexington Partners is a leading global secondary private equity firm and one of the largest independent managers focused on secondary transactions and co-investments.
Firm Overview
- •Secondary fund acquisitions
- •Co-investment strategies
- •Direct secondary investments
- •GP-led transactions
Partnership with Moonfare
- •Secondary auction capabilities
- •Institutional pricing expertise
- •Transaction structuring
- •Liquidity provision
Investment Approach
- •Global diversification
- •Vintage year balance
- •Strategy diversification
- •Manager quality focus
Capabilities
- •Large transaction capacity
- •Flexible structuring
- •Quick execution
- •Deep LP relationships
Pros
- +Global secondary leader
- +30+ year track record
- +Moonfare partnership
- +Flexible deal structures
Cons
- −Institutional only
- −High minimums
- −Not a retail platform
Best For
- Institutional LPs
- GPs seeking liquidity solutions
- Large allocators
Key Features
Secondary fund specialistCo-investment expertiseGlobal reachMoonfare partnership
Frequently Asked Questions
What is Lexington Partners and how does it work?
Lexington Partners is a secondary fund manager platform founded in 1994 and headquartered in New York, NY. Leading global secondary private equity firm providing institutional liquidity solutions. The platform serves institutional only investors.
What fees does Lexington Partners charge?
Lexington Partners has a undefined% buyer fee structure. The minimum investment is $10.0M.
Who is Lexington Partners best suited for?
Lexington Partners is best for institutional lps, gps seeking liquidity solutions, large allocators. Accreditation is required (Yes - QIB Only).
Fee Impact Calculator
Estimate total costs when investing through Lexington Partners
Investment
$10.0M
Total Fees
$0
Net Deployed
$10.0M
No buyer fees — 100% of capital deployed
Exit Scenarios (after fees)
Based on minimum investment of $10.0M. Actual fees may vary. Does not account for taxes, carry, or time value of money. See our methodology for details.
People Also Ask
How does Lexington Partners compare to other Secondary Fund Manager platforms?
Lexington Partners ranks among the top-rated platforms in the secondary fund manager space with 32 years of operation. It competes on institutional-grade infrastructure with a $10.0M minimum. Compare platforms side-by-side on our comparison page.
What is the minimum investment on Lexington Partners?
The minimum investment on Lexington Partners is $10.0M. Investors must meet yes - qib only accreditation requirements.
Is Lexington Partners legitimate and trustworthy?
Lexington Partners has been operating since 1994 (32 years). It is not FINRA-registered. As with all private market investments, conduct thorough due diligence.
Can I sell my shares on Lexington Partners?
Lexington Partners supports secondary sales. Price discovery may vary depending on the security. Liquidity in private markets is limited compared to public exchanges.
What types of companies are available on Lexington Partners?
Lexington Partners provides access to a curated selection of private companies. Availability changes based on supply and issuer approval.
Quick Facts
- Founded
- 1994
- Headquarters
- New York, NY
- Min. Investment
- $10.0M
- Buyer Fee
- N/A
- Seller Fee
- N/A
- Accreditation
- Yes - QIB Only
- Investor Types
- Institutional Only
Similar Platforms
Coller Capital
Secondary Fund Managers
4.7
World's largest dedicated secondary investment firm with $17B+ raised and 35+ year track record.
Min. Investment
$10.0M
Seller Fee
N/A
Founded
1990
Users
N/A
Active
View Review
Ardian
Secondary Fund Managers
4.4
Major European private investment house with leading global secondary investment platform.
Min. Investment
$10.0M
Seller Fee
N/A
Founded
1996
Users
N/A
Active
View Review
HarbourVest Partners
Secondary Fund Managers
4.6
Global private markets specialist with 40+ years and leading secondary investment program.
Min. Investment
$10.0M
Seller Fee
N/A
Founded
1982
Users
N/A
Active
View Review
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Private equity investments are high-risk and illiquid. Always conduct your own due diligence and consult with a qualified financial advisor before investing. PEInvest may receive compensation from platforms featured on this site.