The Firm is representing Lexington Partners in connection with its proposed sale to Franklin Templeton for $1.75 billion. The transaction is expected to close by the end of the second quarter of 2022, subject to customary closing conditions, including regulatory approval.~~Lexington Partners is a leading global manager of secondary private equity and co-investment funds that has raised in excess of $55 billion in aggregate commitments from more than 1,000 institutional investors, deploying capital across more than 4,500 secondary, co-investment and primary interests.~~The Simpson Thacher team includes Elizabeth Cooper, Ryan Williams, Christopher Scavone, Jule Walsh and Alisha Tupchong (M&A); Barrie Covit and Matthew Leighton (Private Funds – U.S.); Jonathan Goldstein and William Smolinski (Tax); Andrew Blau, Jamin Koslowe and Allison Sutherland (Executive Compensation & Employee Benefits); and Lori Lesser and Melanie Jolson (IP).