"Lexington Partners Raises $4.6 Billion for Co-Investment Fund VI, Exceeding Fundraising Goals"

"Simpson Thacher has assisted Lexington Partners in raising $4.6 billion for its new fund, Lexington Co-Investment Partners VI, L.P. (CIP VI), which exceeded its $4.0 billion target and surpassed the $3.5 billion raised for its previous fund. CIP VI aims to create diversified equity co-investment portfolios in collaboration with top private equity and growth sponsors globally, targeting various company sizes and industry sectors. Lexington Partners is a leading manager in secondary private equity and co-investment funds, affiliated with Franklin Templeton."

Simpson Thacher represented Lexington Partners in the formation and fundraising for Lexington Co-Investment Partners VI, L.P. and its associated vehicles. The transaction involved the successful completion of fundraising for CIP VI, which raised $4.6 billion in committed capital, exceeding its initial target of $4.0 billion and surpassing the $3.5 billion committed to its predecessor fund in 2021. CIP VI aims to create diversified portfolios of equity co-investments alongside leading private equity and growth sponsors across North America, Europe, and globally, targeting small, mid, and large cap companies across various industry sectors. The Simpson Thacher team included the following lawyers: Michael Wolitzer, Anat Holtzman, Shreya Tallanje, Jake Massel, Zachary Krause, Robert Viano, Ethan McGinty, and Tyler Leblanc (Funds); Jonathan Goldstein, Kathryn Stone, Kris Liu, and Sean Largey (Tax); Jeanne Annarumma (ERISA); and Ashley Belton Gold and Jessica Paletsky (Credit).

"Lexington Partners Raises $4.6 Billion for Co-Investment Fund VI, Exceeding Fundraising Goals"

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