{"id":20,"date":"2024-09-30T18:21:22","date_gmt":"2024-09-30T18:21:22","guid":{"rendered":"http:\/\/lexington.local\/?page_id=20"},"modified":"2026-03-17T14:44:51","modified_gmt":"2026-03-17T14:44:51","slug":"milestones","status":"publish","type":"page","link":"https:\/\/www.lexingtonpartners.com\/milestones\/","title":{"rendered":"Milestones"},"content":{"rendered":"
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Lexington has been at the forefront of innovation in the alternative investment market for over three decades. Some of the major milestones credited to Lexington include:<\/h3>\n\n\n\n

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  1. \n
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    \n 2025<\/time>\n <\/div>\n
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    Opening of Abu Dhabi office<\/h5>\n

    Underscores Lexington\u2019s long-standing commitment to the Middle East<\/p>\n <\/div>\n

    \n \"\"\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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    \n 2025<\/time>\n <\/div>\n
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    Final closing of CIP VI with commitments totaling $4.6 billion<\/h5>\n

    Represents one of the largest dedicated global co-investment funds.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  3. \n
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    \n 2025<\/time>\n <\/div>\n
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    Launch of Franklin Lexington Private Markets Fund (FLEX) and Franklin Lexington PE Secondaries Fund (FLEX-I) <\/h5>\n

    <\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

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    \n 2024<\/time>\n <\/div>\n
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    Launch of Lexington\u2019s dedicated continuation vehicle strategy<\/h5>\n

    <\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

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    \n 2023<\/time>\n <\/div>\n
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    Final closing of LCP X with commitments totaling $22.7 billion<\/h5>\n

    Commitments received from over 400 direct investors in 45 countries<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  6. \n
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    \n 2022<\/time>\n <\/div>\n
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    Franklin Templeton Completes Acquisition of Lexington Partners <\/h5>\n

    <\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  7. \n
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    \n 2019<\/time>\n <\/div>\n
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    Opening of Luxembourg office\r\n<\/h5>\n

    Expanding Lexington\u2019s \u2028footprint in Europe<\/p>\n <\/div>\n

    \n \"\"\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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    \n 2016<\/time>\n <\/div>\n
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    Opening of Santiago office<\/h5>\n

    Lexington\u2019s first office in South America, building upon 8-year relationship in the region and expanding our global secondary capabilities<\/p>\n <\/div>\n

    \n \"\"\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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    \n 2010<\/time>\n <\/div>\n
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    Opening of Hong Kong office<\/h5>\n

    Lexington\u2019s first office in Asia, helping to develop our secondary capabilities in the region<\/p>\n <\/div>\n

    \n \"\"\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
  10. \n
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    \n 2004<\/time>\n <\/div>\n
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    Launch of Lexington's Middle Market secondary strategy<\/h5>\n

    Formed dedicated fund to acquire U.S. middle market interests less than 50% funded at acquisition<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  11. \n
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    \n 2003<\/time>\n <\/div>\n
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    Opening of Boston office<\/h5>\n

    Development of Lexington\u2019s middle market secondary capabilities<\/p>\n <\/div>\n

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  12. \n
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    \n 2002<\/time>\n <\/div>\n
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    Launch of Lexington's Global Secondary strategy<\/h5>\n

    Commitments totaling $2.0 billion<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  13. \n
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    \n 2001<\/time>\n <\/div>\n
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    Opening of London office<\/h5>\n

    Lexington\u2019s first office in Europe, helping to expand non-U.S. secondary capabilities<\/p>\n <\/div>\n

    \n \"\"\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
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    \n 2000<\/time>\n <\/div>\n
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    Leader of the first $1 billion secondary transaction in the U.S.<\/h5>\n

    Purchase of portfolio of global private equity fund interests from a bank<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  15. \n
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    \n 1998<\/time>\n <\/div>\n
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    Launch of Lexington's Co-Investment Partners (CIP) program<\/h5>\n

    One of the first independent, discretionary \u2028co-investment programs, with a leading U.S.-based institutional investor<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  16. \n
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    \n 1995<\/time>\n <\/div>\n
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    Opening of Menlo Park office<\/h5>\n

    Development of Lexington\u2019s venture capital secondary capabilities<\/p>\n <\/div>\n

    \n \"\"\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n
  17. \n
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    \n 1994<\/time>\n <\/div>\n
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    Lexington Partners was established as independent entity<\/h5>\n

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  18. \n
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    \n 1993<\/time>\n <\/div>\n
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    Development of the buyout secondary market<\/h5>\n

    Purchase of a portfolio of buyout fund interests from a corporation<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n

  19. \n
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    \n 1990<\/time>\n <\/div>\n
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    Development of the venture capital secondary market<\/h5>\n

    Purchase of two separate portfolios of venture capital fund interests from an insurance company and a bank<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/li>\n <\/ol>\n <\/div>\n\n<\/div>\n<\/section>\n\n\n

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