Lexington Partners has agreed to buy 80 percent of Citigroup’s $1.5 billion limited partner interest in Metalmark Capital Partners II. As part of the deal, Citi will offer 20 percent of its stake to existing LPs in the fund. The deal is expected to close in the fourth quarter. Terms were not disclosed.

from PE Hub News: Buyout Deals http://ift.tt/1rQVyQu