Lexington Partners has acquired stakes in Carlyle Asia Partners III (CAP III) and PAI Europe V, PEI sister publication Secondaries Investor reported, citing UK regulatory filings.
The fund stakes are part of a portfolio purchased from Tokyo-based Mizuho Financial Group. CAP III launched in 2007 and raised $2.55 billion, short of its $5 billion target, according to PEI’s Research and Analytics division. Limited partners include the California Public Employees’ Retirement System and China Development Industrial Bank.
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