Global law firm Proskauer advised Lexington Partners on the closing of Lexington Middle Market Investors III, L.P. with $1.05 billion in commitments. The fund is focused on making U.S. growth capital, small and middle market investments through secondary market acquisitions.
Lexington Partners is a leading global private equity sponsor that provides liquidity to owners of interests in private equity limited partnerships, makes equity co-investments alongside private equity sponsors, and invests in newly formed private equity partnerships. Proskauer advises Lexington, a long-time client of the firm, in structuring its secondary and co-investment funds, as well as negotiating secondary, primary and co-investments.
Private Investment Funds partner Mike Suppappola led the Proskauer team, which included co-heads of the Private Investment Funds Group, Sean Hill and David Tegeler, as well as Private Investment Funds associates Sam Mirkin, Joe Kasegian and Andrew Fink, Tax partner Jim Poindexter, Tax associates Brian Huber and Alec Campbell, and ERISA associate Adam Scoll.
