Clients
Lexington Partners serves 157 clients. The average client has about $505 million with the firm.
- Pooled investment vehicles157 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 157 | $79,274,402,408 | 100.0% | $504.9M |
| Total | 157 | $79,274,402,408 | 100% | $504.9M |
- Clients
- 157
- Regulatory AUM
- $79,274,402,408
- Share
- 100.0%
- Avg. per client
- $504.9M
Total
- Clients
- 157
- Regulatory AUM
- $79,274,402,408
- Share
- 100%
- Avg. per client
- $504.9M
What it does
Lexington Partners provides portfolio management for pooled vehicles and selecting other managers. It is paid through a percentage of assets and performance-based fees.
Lexington Partners advises 113 private funds.
100.0% of assets ($79.27B across 157 accounts) are managed with discretion. 59% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Lexington Partners has custody of client assets.
- All other custodians$79.27B100%
Ownership and leadership
Franklin Resources, Inc. owns 75% or more of Lexington Partners.
- Owns 75% or more of Lexington Partners L.P.
Franklin Resources, Inc.
Control person · since April 2022
Leadership
- Wilson WarrenPresident
- Thomas GiannettiChief Financial Officer
- Elizabeth RichardsChief Compliance Officer
- Jason KahnGeneral Counsel
Staff
- 171 employees
- 165 in advisory functions
Reported holdings
Lexington Partners’ reported 13F holdings total $133.8M across 2 positions, and the ten largest make up 100.0% of it.
- $133.8M
- Reported 13F value
- 2
- Positions
- 100.0%
- In the 10 largest
- −63.5%
- Value vs. prior quarter
- Karman Hldgs Inc.96.6%
- N-able Inc.3.4%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $133.8M is not its $79.27B in regulatory assets and does not represent any individual client's portfolio.
Fees
Lexington Partners is paid through a percentage of assets under management and performance-based fees.
Lexington Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Lexington Partners has 8 offices, with 4 listed addresses across 4 states.
California · 1 listed address
- 2710 Sand Hill Road, Menlo Park
Florida · 1 listed address
- 1395 Brickell Ave, Miami
Massachusetts · 1 listed address
- 111 Huntington Avenue, Boston
New York · 1 listed address
- 399 Park Avenue, 20th Floor, New YorkHQ
Registration details
- Legal name
- Lexington Partners L.P.
- Headquarters
- 399 Park Avenue, 20th Floor, New York, NY 10022-4614
- Phone
- 212-754-0411
- Website
- www.lexingtonpartners.com
- SEC file
- 801-71411
- Structure
- Delaware limited partnership
- Fiscal year end
- September
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Lexington Partners have?
Lexington Partners has 157 clients and manages $79.3 billion for them, as of June 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 June 2026
What services does Lexington Partners offer?
Lexington Partners provides portfolio management for pooled vehicles and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Lexington Partners have?
Lexington Partners has 0 investment adviser representatives registered with state securities authorities, out of 171 employees, and 165 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Lexington Partners?
Lexington Partners’ direct owner is Franklin Resources, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 June 2026
How does Lexington Partners get paid?
Lexington Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file