SBI Considers New Co-Investment Commitment to Lexington
Minnesota State Board of Investment | State of MinnesotaState · St. Paul, MN- Disclosed value
- Up to $300 million, or 20% of Lexington Co-Investment Partners V, L.P., plus up to 1% for closing charges
- From agendapacket
- Document date
- Aug 22, 2019
The 30-second brief
The Minnesota State Board of Investment is advised to commit up to $300 million to Lexington Co-Investment Partners V, L.P., continuing its long-standing private equity co-investment relationship with Lexington Partners. The proposed commitment, subject to negotiation and execution by the Executive Director, would support a diversified portfolio of buyout and growth co-investments over a 5-year investment period and 10-year fund term.
Lexington Partners holds this financial services contract with Minnesota State Board of Investment | State of Minnesota. Its other public contracts on record include work for Town of Cromwell and Dallas Fire Rescue.
Term as filed: Five-year investment period; ten-year fund term with up to three one-year extensions.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $300 million, or 20% of Lexington Co-Investment Partners V, L.P., plus up to 1% for closing charges
- Document date
- August 22, 2019
- Term
- Five-year investment period; ten-year fund term with up to three one-year extensions
- Vendor
- Lexington Partners
- Source document
- Minnesota State Board of Investment Agenda and Minutes 2019-08-22 (AgendaPacket)
Lexington Partners's other public contracts
More Minnesota State Board of Investment | State of Minnesota contracts
Questions about this contract
Who was awarded the financial services contract by Minnesota State Board of Investment | State of Minnesota?
Lexington Partners was awarded this financial services contract by Minnesota State Board of Investment | State of Minnesota, as recorded on August 22, 2019. The contract value is Up to $300 million, or 20% of Lexington Co-Investment Partners V, L.P., plus up to 1% for closing charges.
How much is the Lexington Partners contract with Minnesota State Board of Investment | State of Minnesota worth?
The Lexington Partners contract with Minnesota State Board of Investment | State of Minnesota is valued at Up to $300 million, or 20% of Lexington Co-Investment Partners V, L.P., plus up to 1% for closing charges, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Minnesota State Board of Investment Agenda and Minutes 2019-08-22 (AgendaPacket), dated August 22, 2019 from Minnesota State Board of Investment | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Lexington Partners hold?
Lexington Partners may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Minnesota State Board of Investment | State of Minnesota currently buying?
Explore Minnesota State Board of Investment | State of Minnesota's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.