Lexington closes mid-market fund on $1bn

New York-based Lexington Partners has closed its third middle market fund on $1.07 billion.

Lexington Partners has closed its Lexington Middle Market Investors III on $1.07 billion, according to a statement.

Fund III launched last year with a $750 million target and received commitments from more than 50 limited partners such as global endowments, foundations and high-net-worth individuals. Read the rest of this story on Secondaries Investor.