Report: Secondary firms circle Lehman-held LP interests

Goldman Sachs, Coller Capital and Lexington Partners are reportedly among the groups considering bids for Lehman Brothers’ investments in US and European private equity funds.

Goldman Sachs, Coller Capital and Lexington Partners are reportedly all weighing up bids for stakes in various private equity funds owned by bankrupt investment bank Lehman Brothers.

The secondaries on offer include stakes in real estate, merchant banking and venture capital funds with a total of around $15 billion of assets, an anonymous source told Bloomberg.

The venture capital portion is expected to be sold by November, and the private equity and real estate interests by the end of the year, the source said. As many as a dozen buyers have apparently expressed an interest in the assets.

Representatives from Lexington Partners, Goldman Sachs, Coller Capital and Lazard, the bank running the sale process, declined to comment to Bloomberg.