Lexington Partners invested in TPG Asia VI fund.

Lexington Partners, a private equity firm, invested in TPG Asia VI fund. In aggregate, the transaction represents a total capital commitment of approximately $1bn. Lexington is the lead investor and acted as the buyer representative on behalf of the buyer group. Other terms of the transaction were not disclosed. Commenting on the transaction, Kirk Beaton, Partner of Lexington, said, “We are excited about the opportunity to partner with such a high-caliber manager in a large and complex secondary transaction involving quality assets with market-leading positions in both mature economies and attractive growth markets in Asia. We are also pleased to increase our exposure to TPG Asia and further strengthen our strategic relationship with this leading sponsor in Asia and globally.”