Lexington Partners — funds, providers and filings

The US-reported view

The sections below draw on US regulatory filings — SEC Form ADV and Form D — and on US investors' own disclosures. They set out Lexington Partners's US-reported slice: the funds, service providers, domiciles and activity visible in US filings, not its worldwide business.

1. US-SEC private funds

This page reports $73.7bn of gross asset value across 110 private funds that Lexington Partners reports on SEC Form ADV, filings through 2024. It does not report firm-wide assets under management, a different measure on a different basis.

Worldwide, 26 registered fund vehicles are on file under its management companies, on the worldwide entity register (read 2026-10-05) — these are legal fund entities, not the share classes or products a manager markets.

2. Service providers

EY audits 110 of the 110 Lexington Partners funds that name an auditor on Form ADV Schedule D, filings through 2024 — more than any other firm. Relationships the filings attribute to Lexington Partners's own group are part of its structure, not third-party appointments, and are left out of these counts.

Across the funds that disclose each role on Schedule D — the count is funds naming that provider, of funds disclosing the role at all:

3. Fund domiciles

70 of Lexington Partners's 110 SEC-reported private funds are domiciled in Delaware, its largest single domicile on Form ADV, filings through 2024. Cayman Islands is next, and the bars below give the rest in order.

4. Fund filing activity

The 2 most recent of the 2 US private-fund filings for this manager's funds. The filings state no amount sold, as is common on Form D.

5. Fund performance

Every figure here is a disclosing pension plan's own, on that plan's own reporting date. Nothing is blended into a manager-level return, because no plan published one.

Per-fund net IRR, multiple and DPI as disclosed by the pension plans invested in the funds — the LPs' own numbers, on their own dates, not the manager's. One row per plan disclosure. Where two plans hold the same fund and report different numbers, both rows show, with their dates:

Young vintages sit in the J-curve: an early negative IRR mostly reflects fees drawn before value is realised, and is not a verdict on the fund.

6. Known LP investors, from their own disclosures

Minnesota SBI (10), NYC Fire (5), NYCERS (5), NYC Police (5), NYC BERS (4), NYC Teachers (3) — the count is this manager's funds appearing in that plan's disclosure.

7. Management entities

Lexington Partners files Form ADV through 2 management entities; the largest is Lexington Partners L.P., CRD 147281 of New York, with 96 of the 110 funds on this page. Every figure above rolls those filers up into one business. The table below traces each of them back to the entity that filed it, so a number can be checked against its own record rather than taken on trust.

8. Similar managers

• Warburg Pincus — also names EY as auditor on 222 of its funds (its Form ADV)
• Genstar — also names EY as auditor on 37 of its funds (its Form ADV)
• Summit Partners — also names EY as auditor on 119 of its funds (its Form ADV)
• Trilantic Capital — also names EY as auditor on 29 of its funds (its Form ADV)
• Wellspring Capital — also names EY as auditor on 19 of its funds (its Form ADV)
• Menlo Ventures — also names EY as auditor on 20 of its funds (its Form ADV)