Lexington Partners has collected at least $6 billion for its eighth secondaries fund, according to a source familiar with the matter.
Lexington Capital Partners VIII launched in September 2013 with an $8 billion target. It had collected more than $3 billion as of March.
Lexington declined to comment.
Recently the fund received $40 million from the New Mexico Educational Retirement Board. The New Hampshire Retirement System also committed $50 million to the fund.
Other limited partners include the New York City Employees’ Retirement System and the Kentucky Teachers’ Retirement System, according to PEI’s Research and Analytics division.
Fund VIII has already deployed about $1.25 billion, a source with knowledge of the situation disclosed.
Read the rest of the story on our sister site Secondaries Investor.
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