# Lexington Capital Management LP

> Lexington Capital Management LP is an SEC-registered investment advisory firm in Lakewood, NJ, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 29, 2026.

- CRD: 292364
- Filed as: LEXINGTON CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lakewood, NJ
- Filing period: October 2026
- Form ADV filing dated: May 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/292364
- AdvisorCensus page: https://advisorcensus.com/firm/lexington-capital-management-lp-lakewood-nj-292364

## Quick answers

**How is Lexington Capital Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Lexington Capital Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Lexington Capital Management LP located?**
Lexington Capital Management LP's principal office is in Lakewood, NJ, according to its Form ADV.

**Is Lexington Capital Management LP registered with the SEC or a state?**
Lexington Capital Management LP is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 292364.

**How much does Lexington Capital Management LP manage?**
Lexington Capital Management LP reports $153,425,447 in regulatory assets under management in its Form ADV filing dated May 29, 2026 (100% discretionary).

**How have Lexington Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Lexington Capital Management LP: Regulatory assets under management: $123,931,789 in the October 2025 data and $153,425,447 in the October 2026 data, up 24%. Total employees: 7 in October 2025 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lexington Capital Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Which custodians does Lexington Capital Management LP use?**
Lexington Capital Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley as a custodian holding 10% or more of its separately managed account assets.

**Does Lexington Capital Management LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/292364

**Does Lexington Capital Management LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Generally, the minimum capital contribution for an investment in the Adviser’s Funds is $500,000 and there is no minimum additional investment is."

**What changed in Lexington Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $123,931,789 to $153,425,447 (+24%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $500,000

> Generally, the minimum capital contribution for an investment in the Adviser’s Funds is $500,000 and there is no minimum additional investment is.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $153,425,447
- Discretionary: $153,425,447
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $136,005,441 |
| Corporations or other businesses not listed above | Fewer than 5 | $17,420,006 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2025 (1 year)
- Employees: 9 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NJ
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @lexington-capital-management-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 23, 2021 |
| October 2022 | Not reported | Not reported | June 21, 2022 |
| October 2023 | Not reported | Not reported | March 29, 2023 |
| October 2024 | Not reported | Not reported | March 25, 2024 |
| October 2025 | $123,931,789 | 7 | March 26, 2025 |
| October 2026 | $153,425,447 | 9 | May 29, 2026 |

Regulatory assets under management: $123,931,789 in the October 2025 data and $153,425,447 in the October 2026 data, up 24%.
Total employees: 7 in October 2025 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $123,931,789 to $153,425,447 (+24%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lexington Capital Management LP (CRD 292364): Form ADV filing data as of October 2026.