Deal is one of the largest GP-led secondary transactions of 2020

Boston, January 15, 2021 – Proskauer, a leading international law firm, today announced that it represented Lexington Partners as a lead investor with respect to the closing of one of the largest GP-led secondary transactions of 2020.  The transaction involved the purchase of interests in Audax Private Equity’s first GP-led continuation fund, comprised of $1.7 billion in capital commitments, which funded the purchase of portfolio companies from Audax Private Equity Fund IV, a 2012 vintage fund. 

The transaction was comprised of a diverse group of secondary and primary investors.

The Proskauer team included Mike Suppappola, Joe Kasegian, Alex Martin, James Lee, Jae Park, Jim Poindexter, Janicelynn Asamoto Park, and Jeanette Stecker (Tax), and John Ingrassia.

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