Graham Winfrey

The firm has raised more than double the amount collected by its $118m second fund in 2008.

The lower mid-market firm continues to ramp up the target amount for its follow on funds, having raised $319m in 2005 and $765m in 2008.

The firm’s third co-investment fund brings Lexington’s total capital raised for co-investments to about $4bn since 1998.

The advisory firm’s sixth private equity fund of funds has collected roughly the same amount as its predecessor fund that closed in 2011.

While Asia-focused funds continue to attract strong LP interest, global funds are shifting their attention toward the US, says Ernst & Young’s Jeffrey Bunder.

The growth equity firm has promoted Charles Dieveney to the newly created role of COO and has named Randy Guttman as CFO.

Private equity buyout and exit volume fell during the first half of 2013, while fundraising has risen 30%, according to a new report from Ernst & Young.

GP distributions shot up 123% during the fourth quarter of 2012, marking the highest yearly and quarterly distributions in the 27-year history of Cambridge Associates’ Private Equity Index.

Factoring in public market return data can help LPs identify managers who ‘systematically add value beyond what can be easily obtained from the public market’, according to a study from Landmark Partners.

The average size of funds closed during the first half of 2013 stood at $642m, the highest half-year average since the financial crisis.