# Lexington Partners L.P.

> Lexington Partners L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2010, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 16, 2026.

- CRD: 147281
- Filed as: LEXINGTON PARTNERS L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147281
- AdvisorCensus page: https://advisorcensus.com/firm/lexington-partners-l-p-new-york-ny-147281

## Quick answers

**How is Lexington Partners L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Lexington Partners L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Lexington Partners L.P. located?**
Lexington Partners L.P.'s principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Lexington Partners L.P. registered with the SEC or a state?**
Lexington Partners L.P. is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 147281.

**How much does Lexington Partners L.P. manage?**
Lexington Partners L.P. reports $79,274,402,408 in regulatory assets under management in its Form ADV filing dated June 16, 2026 (100% discretionary).

**How have Lexington Partners L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Lexington Partners L.P.: Regulatory assets under management: $44,162,048,728 in the October 2021 data and $79,274,402,408 in the October 2026 data, up 80%. Total employees: 106 in October 2021 and 171 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lexington Partners L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (157).

**Does Lexington Partners L.P. 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/147281

**What changed in Lexington Partners L.P.'s recent Form ADV filings?**
In the January 2026 filing data: Employees performing advisory functions went from 152 to 165. Added an office in Abu Dhabi.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $79,274,402,408
- Discretionary: $79,274,402,408
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 157 | $79,274,402,408 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2010 (16 years)
- Employees: 171 total, 165 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Abu Dhabi
- Boston, MA
- Central, Hong Kong
- Las Condes, Santiago
- London
- Luxembourg
- Menlo Park, CA
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- [lexingtonpartners.com](https://lexingtonpartners.com)
- Facebook @LEXINGTON-PARTNERS-136190359727963
- LinkedIn @lexington-partners
- X @LEXINGTONLP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $44,162,048,728 | 106 | June 11, 2021 |
| October 2022 | $59,353,850,224 | 113 | July 12, 2022 |
| October 2023 | $64,862,807,246 | 122 | June 29, 2023 |
| October 2024 | $71,853,355,178 | 134 | June 21, 2024 |
| October 2025 | $73,337,642,658 | 157 | June 5, 2025 |
| October 2026 | $79,274,402,408 | 171 | June 16, 2026 |

Regulatory assets under management: $44,162,048,728 in the October 2021 data and $79,274,402,408 in the October 2026 data, up 80%.
Total employees: 106 in October 2021 and 171 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- Employees performing advisory functions went from 152 to 165.
- Added an office in Abu Dhabi.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lexington Partners L.P. (CRD 147281): Form ADV filing data as of October 2026.