Lexington Partners Names Two New Partners and Co-Chair

People | Feb 05, 2025 | Lexington Partners L.P.

Lexington Partners L.P., a prominent global manager specializing in secondary private equity and co-investment funds, has announced the promotion of Jeffrey Bloom and Cullen Schannep to the position of Partner. Additionally, the firm has named Victor Wu as a Co-Chair of the Secondary Investment Committee. Jeff Bloom is based in New York, focusing on continuation vehicle transactions, and Cullen Schannep operates from Menlo Park, focusing on secondary opportunities. Victor Wu, who has been with the firm since 2001, brings extensive experience to his new leadership role alongside Wil Warren and Pl Ristvedt. These promotions highlight Lexington's strategy of internal talent development, raising their Partner group to 26 members and showcasing their robust experience with an average of 21 years in private equity. The firm continues to maintain a significant global presence, managing over $76 billion in total capital. Lexington Partners is renowned for its pioneering role in the secondary private equity market with a global team across major investment centers.

Sectors

  • Private Equity
  • Financial Services

Geography

  • United States – Lexington Partners is based in New York and Menlo Park with a global reach including North America, Europe, Asia, and Latin America.

Industry

  • Private Equity – The article discusses the promotions within Lexington Partners, a firm specializing in secondary private equity and co-investment funds.
  • Financial Services – Lexington Partners operates within the financial services sector, focusing on managing capital and investments.

Financials

  • $76 billion – Total capital managed by Lexington Partners.

Participants

NameRoleTypeDescription
Lexington Partners L.P.PE FirmCompanyA leading global manager of secondary private equity and co-investment funds.
Jeffrey (Jeff) BloomPartnerPersonNew York-based professional focused on continuation vehicle transactions.
Cullen SchannepPartnerPersonMenlo Park-based professional focused on secondary opportunities.
Victor WuCo-Chair of Secondary Investment CommitteePersonA Partner assuming the role of Co-Chair for the Secondary Investment Committee.
Wil WarrenPartner and PresidentPersonCurrent Partner and President at Lexington Partners.
Pl RistvedtPartnerPersonA Partner at Lexington Partners serving alongside Victor Wu and Wil Warren.
Franklin TempletonParent CompanyCompanyParent company of Lexington Partners, representing their investment management services.