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Private Equity Startup Enlists Lexington to Draw Wealthy Clients

Jan. 26, 2021, 8:00 AM

German startup Moonfare GmbH has signed a partnership deal with Lexington Partners in a bid to attract more wealthy individuals to its investment platform for private-equity funds.

The agreement will allow the Berlin-based firm’s clients to sell their stakes in private-equity funds to buyers on the platform including Lexington, according to a statement Tuesday. Lexington is a specialist in the so-called secondaries market that involves buying maturing portfolios from private-equity investors who want to cash out.

One of the main challenges in opening up private-equity markets to individuals is overcoming concerns about their ability to sell their holdings, according to ...