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Lexington and Hamilton Lane buy Bridgepoint fund stakes

The firms bought partial stakes in three Bridgepoint buyout funds from the Canada Pension Plan Investment Board.

Private equity firms Lexington Partners and Hamilton Lane have bought partial stakes in three Bridgepoint buyout funds from the Canada Pension Plan Investment Board (CPPIB) after Bridgepoint offered to buy the stakes back from the pension fund.

Bridgepoint had offered to purchase the stakes when CPPIB was unable to re-up in its latest fund, Bridgepoint Europe V, due to limited places for large limited partners like CPPIB, Secondaries Investor has learned.

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