Fundraising

The fund, which has been in market since March 2016, is mandated to invest in diverse, mature assets managed by high-quality managers, according to a statement.

The programme comprises four sleeves, one of which will continue to accept commitments from US investors.

As the secondaries firm races towards the target of its latest flagship fund, we look at the performance of Lexington's main vehicles.

The competition for capital is as fierce as ever with at least seven of the top 10 biggest secondaries firms in fundraising or pre-marketing mode. Here's what it means for the market.

The preferred equity firm, headed by former CPPIB secondaries head Yann Robard, launched its Fund II in January.

More than one secondaries fund held a final close each month on average since we last compiled our ranking of the biggest 30 managers.

The firm is seeking a net multiple of 1.6x and net IRR of 16%, according to a broadcast of the University of Houston System's August board of regents meeting.

Secondaries Investor looks under the bonnet of the strategy's big players, starting with Ardian.

The firm is seeking more than double the amount targeted for its 2014-vintage predecessor.

The pension, which has lowered its secondaries return expectations, has helped the firm on its way to an expected massive first close.