Nicolas Lanel, managing director and head of European secondaries advisory at the investment bank, will be replaced by Lea Lazaric Calvert, Secondaries Investor has learned.
The Swiss niche secondaries firm took 10 weeks to raise its previous vehicle which held a first and final close on €406m in 2015.
This is the first dollar-demoninated fund for the tail-end specialist, which attracted US and multinational institutional LPs to its latest vehicle.
The Canadian investor had brought a portfolio of private equity fund stakes to market in the first half of this year.
Details of the firm's latest secondaries vehicle were revealed in documents prepared for PSERS, which made its debut commitment to a fund managed by the GP.
The firm is putting together a 10-strong secondaries team, split between London and New York, to focus on vanilla deals as well as more complex processes.
Investments made by the firm's $2.7bn fund reveal high exposure to growth capital and China, according to its interim results.
Fundraising for private equity secondaries rose by more than one-third year-on-year, with Lexington's $2.7bn raise accounting for the lion's share of capital.
The Latin America-focused private equity firm is working with Park Hill on a potential process, Secondaries Investor has learned.
Michele Russo, a Doughty Hanson and Lazard veteran who joined the buyout firm as a managing director, has left after over one year in the role, Secondaries Investor has learned.