News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Lexington Partners to buy $730m private equity portfolio from Lloyds

Lexington has bought a portfolio of investments in 33 private equity funds from subsidiaries of the UK bank

Secondary firm Lexington Partners has agreed to purchase a private equity fund portfolio worth about £470m from Lloyds Banking Group, according to a release issued by the firm.

The portfolio is made up of 33 private equity funds, primarily European mid-market funds, from certain subsidiaries of the bank. Terms of the transaction were not disclosed.

WSJ Logo