Hints and tips:
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they said....
...Since Johnson took over in 2020, Franklin has bought digital wealth advisory AdvisorEngine, indexing provider O’Shaughnessy Asset Management, investment firm Lexington Partners and private credit and debt...
...AllianceBernstein last week announced plans to build its alternative assets to nearly $50bn with the purchase of CarVal Investors, and Franklin Templeton expects to top $200bn after it completes its acquisition of Lexington...
...Asset manager Franklin Templeton, better known for its mutual fund products, bought the secondaries specialist Lexington Partners for $1.75bn in November....
...Well-known specialists in secondary investing — Ardian, Coller Capital (where Mr Caspersen worked before Park Hill) and Lexington Partners — have raised funds totalling several billion dollars apiece, rivalling...
...JPMorgan’s sale of half its private equity unit to Lexington Partners and AlpInvest (part of Carlyle) for $2bn is the latest....
...Last year, Axa Private Equity raised $7.1bn, the world’s largest pool of money for that type of investments, trumping the previous record set by New York-based Lexington Partners....
...Firms including New York-based Lexington Partners, London-based Coller Capital and Paris-based Axa Private Equity have raised large funds to buy secondary fund stakes from lenders such as Citigroup, Barclays...
...Safe, GM, Performance Equity and Lexington Partners declined to comment....
...Lexington Partners, Goldman Sachs and Pantheon Ventures have each agreed to manage $500m for CIC through special accounts, which are to be kept separate from their main funds, according to people familiar...
...Just over a week ago, the fund finalised the biggest injection of capital into the private equity secondary market, agreeing to invest $1.5bn through custom accounts with Lexington Partners, Goldman Sachs...
...In 1998, the implosion of Mr Meriwether’s Long-Term Capital Management led to fears for the stability of Wall Street....
...Distressed debt funds are operating in a sweet spot – Los Angeles-based Oaktree Capital Management last year raised a record $10.9bn fund in this area....
...“I think some serious restraint on the part of top management is called for,” he says....
...The other crucial decision for both Citigroup and the new bank's customers was the choice of a risk management system....
International Edition