Lexington Partners Names Three New Partners

Rhea-AI Summary

Lexington Partners (NYSE:BEN) promoted three investment professionals to Partner, effective January 1, 2026. The new partners—Peter Grape (Boston, joined 2013), Simon Oak (New York, rejoined 2010) and Michael Skelly (New York, joined 2010)—are members of the Secondary team focused on origination, evaluation and execution of secondary opportunities, including partnership and GP-led transactions.

The promotions expand the Partner group to 28 members. On average, Partners have 20 years of private equity experience. Lexington has more than 200 professionals, including 89 investment professionals, across nine global offices, and the firm said the moves reflect its emphasis on developing talent internally.

News Market Reaction

+1.38%

1 alert

+1.38% News Effect

On the day this news was published, BEN gained 1.38%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New Partners: 3 Partner group size: 28 members Average PE experience: 20 years +3 more

6 metrics

New Partners 3 Promotions effective January 1, 2026

Partner group size 28 members Total Lexington Partners after promotions

Average PE experience 20 years Average experience of Lexington’s Partners

Total professionals More than 200 Firmwide headcount at Lexington

Investment professionals 89 Lexington investment professionals

Global offices 9 Lexington’s global office count

Market Reality Check

Price: $26.00 Vol: Volume 3,402,128 is at 0....

normal vol

$26.00 Last Close

Volume Volume 3,402,128 is at 0.84x the 20-day average of 4,067,616. normal

Technical Price $25.28 is above the 200-day MA of $22.84 and 3.05% below the 52-week high of $26.08.

Peers on Argus

BEN fell 1.4% with peers also lower: IVZ -1.72%, EQH -1.93%, SEIC -1.71%, ARCC -...

BEN fell 1.4% with peers also lower: IVZ -1.72%, EQH -1.93%, SEIC -1.71%, ARCC -0.19%, TROW -3.05%, indicating a sector-wide downdraft rather than company-specific reaction to the leadership promotions.

Historical Context

5 past events · Latest: Jan 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 08	Fundraise milestone	Positive	+1.2%	BSP closed real estate debt fund with $10B of investable capital.
Jan 07	Earnings date set	Neutral	+1.2%	Announcement of Q1 results release and conference call on Jan 30, 2026.
Jan 07	Stable token launch	Positive	+0.1%	Wyoming launched $FRNT with reserves managed by Franklin Templeton.
Jan 06	AUM update	Positive	+0.1%	Preliminary AUM rose to $1.682T with sizable long-term net inflows.
Jan 06	Markets outlook	Positive	+2.6%	Private markets outlook flagged opportunities across several alternative asset classes.

Pattern Detected

Recent fundamentally positive and strategic announcements for BEN have generally been followed by modestly positive 24-hour price reactions.

Recent Company History

Over the past weeks, BEN has reported several positive corporate and strategic updates. On Jan 6, 2026, it highlighted opportunities in private markets and reported preliminary AUM of $1.682 trillion, both followed by positive price moves. Additional news on Wyoming’s $FRNT stable token, a large $10 billion BSP real estate debt fundraise, and the upcoming Jan 30, 2026 earnings release also saw benign-to-positive reactions, suggesting investors have recently rewarded growth and flow-related developments.

Market Pulse Summary

This announcement highlights Lexington Partners’ internal talent development, adding three new Partn...

Analysis

This announcement highlights Lexington Partners’ internal talent development, adding three new Partners to its secondary private equity team effective January 1, 2026. For BEN, which has recently emphasized private markets growth and alternatives, the update underscores ongoing depth in affiliated platforms rather than signaling new financial metrics. Investors may focus more on upcoming catalysts such as AUM updates and the January 30, 2026 earnings release when evaluating the broader story.

Key Terms

secondary private equity, co-investment funds, gp-led transactions

3 terms

secondary private equity financial

"a leading global manager of secondary private equity and co-investment funds"

Secondary private equity is the market where existing stakes in privately held companies or in private equity funds are bought and sold between investors, rather than issued by the original owner. Think of it like buying a well-used car instead of ordering a new one: buyers gain quicker access to mature assets and potential bargains, while sellers get liquidity sooner; this affects portfolio timing, risk exposure, and expected returns for investors.

co-investment funds financial

"a leading global manager of secondary private equity and co-investment funds"

Co-investment funds pool money from multiple investors to directly buy stakes alongside a lead investor or fund in specific deals, rather than through broad, diversified funds. For investors this can lower fees, give more control over which companies or projects they back, and concentrate gains or losses—think of joining friends to buy one house together instead of each buying a share in a real estate company that owns many properties.

gp-led transactions financial

"including partnership and GP-led transactions"

A GP-led transaction is when a fund’s manager organizes a deal to move some or all of the fund’s investments into a new vehicle, offering existing investors a choice to sell their stake or roll into the new structure. Think of a building owner arranging a buyout that lets tenants either cash out or stay on under new terms; it matters to investors because it creates liquidity, can change fees and incentives, and affects the expected timeline and potential return on their investment.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 14, 2026 /PRNewswire/ -- Lexington Partners L.P. ("Lexington"), a leading global manager of secondary private equity and co-investment funds, today announced that it has promoted three investment professionals to Partner, effective January 1, 2026.

Lexington's three new Partners are all members of the Secondary team primarily focused on the origination, evaluation, and execution of secondary opportunities, including partnership and GP-led transactions:

• Peter Grape, based in Boston and joined Lexington in 2013.
• Simon Oak, based in New York and rejoined Lexington after business school in 2010.
• Michael (Mike) Skelly, based in New York and joined Lexington in 2010.

"These promotions recognize Peter, Simon, and Mike's long-standing contributions to Lexington, and their leadership across our global platform," said Wil Warren, Partner and President of Lexington. "Each has demonstrated strong judgment, collaboration and dedication, and we congratulate them on their achievements and look forward to their continued success."

With these promotions, Lexington's Partner group continues to reflect the firm's emphasis on developing talent from within and expands the Partner group to 28 members. On average, the firm's Partners have 20 years of private equity experience. Lexington has more than 200 professionals, including 89 investment professionals, across its nine global offices.

About Lexington Partners

Lexington Partners is one of the world's largest and most successful managers of secondary private equity and co-investment funds, with over $82 billion of total capitalization. The firm helped pioneer the development of the institutional secondary market over 35 years ago and created one of the first independent, discretionary co-investment programs 28 years ago. Lexington provides strategic, customized liquidity solutions to global investors and private equity sponsors alike, supported by its dedicated and well-capitalized secondary, continuation vehicle, and co-investment platforms. Lexington's experienced professionals are strategically located in major centers for private equity and alternative asset investing across North America, Europe, Middle East, Asia and Latin America. Lexington is the global secondary private equity and co-investments specialist investment manager of Franklin Resources, Inc. [NYSE:BEN] that operates as Franklin Templeton. Additional information can be found at lexingtonpartners.com.

Media Contact: Todd Fogarty, Kekst CNC, todd.fogarty@kekstcnc.com

 

View original content:https://www.prnewswire.com/news-releases/lexington-partners-names-three-new-partners-302660656.html

SOURCE Lexington Partners

FAQ

Who were promoted to Partner at Lexington Partners effective January 1, 2026 (BEN)?

Peter Grape (Boston, joined 2013), Simon Oak (New York, rejoined 2010) and Michael Skelly (New York, joined 2010) were promoted to Partner.

How many Partners does Lexington Partners have after the January 2026 promotions (BEN)?

The Partner group expanded to 28 members following the promotions.

What team do the new Lexington Partners (BEN) work on and what is their focus?

All three are on the Secondary team, focused on originating, evaluating and executing secondary and GP-led transactions.

How experienced are Lexington Partners on average after the promotions (BEN)?

On average, the firm's Partners have about 20 years of private equity experience.

How large is Lexington Partners' workforce and investment team after the promotions (BEN)?

The firm has more than 200 professionals, including 89 investment professionals, across nine global offices.