What's New In Investments, Funds? - Blackstone, Lexington Partners

Editorial Staff

22 March 2021

Blackstone Group
last week said it held the final close of Lexington Co-Investment Partners V, LP and associated vehicles, raising a total of $3.2 billion in committed capital. The fund beat its initial target of $3.0 billion.

CIP V will build co-investments alongside private equity sponsors, mainly in the US and European companies. In addition, CIP V may co-invest opportunistically in companies in Asia and Latin America. CIP V started investing in September 2020, Lexington said in a statement.

CIP V received commitments from 13 large institutional investors based in the US, Europe, Latin America, and Australia, with an average commitment size each of $235 million.