Hedge Funds

US-based Lexington sets up in Hong Kong as part of expansion drive


New York-based Lexington Partners, a private equity specialist in the areas of secondary and co-investment transactions and funds of funds management, is setting up shop in Hong Kong. It is part of the firm’s general expansion plan, which is being funded in part by the $41.25 million sale in June of a 10% stake in Lexington to pension system Florida State Board of Administration. The firm has filed for licences with the Hong Kong Securities and Futures Commission.

Founded in 1994, Lexington is one of the world’s largest independent managers of secondary private equity funds, with more than