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Lexington Partners L.P.

PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

Lexington Partners L.P. ("Lexington") is a leading global alternative investment manager primarily involved in providing liquidity solutions to owners of private equity and alternative investments and in making co-investments alongside leading private equity sponsors. Lexington is the largest independent manager of secondary acquisition and co-investment funds with more than $37 billion in original committed capital. Since 1990, Lexington has acquired over 2,700 interests in funds managed by over 650 sponsors with a total value in excess of $36 billion, including $12 billion of syndications. 

As it relates to 01.1, "Fund Management" refers to Lexington's co-investment funds, which invest alongside lead sponsors in buyout and growth capital portfolio companies, primarily in minority positions. "Fund of funds, manager of managers, sub-advised products" relates to Lexington's secondary acquisition funds, which invest in limited partnership interests in underlying funds managed by global sponsors. Both investment strategies are passive in nature with limited ability to manage ESG factors at the portfolio company level.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

102 FTE

02.4. Additional information. [Optional]

Lexington currently employs more than 100 people in six offices strategically located in major centers for private equity and alternative investing – New York, Boston, Menlo Park, London, Hong Kong, and Santiago. In addition, Lexington has senior advisors located in Asia, Australia, and Latin America.  


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

AUM reflects the residual value plus undrawn commitments of Lexington's secondary and co-investment funds as of 31/12/16.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 10-50% 18 >50% 82
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

Lexington is the largest independent manager of secondary acquisition and co-investment funds.  Lexington’s funds pursue innovative strategies in two principal areas: (i) providing secondary liquidity to owners of private equity and alternative investments and (ii) making equity co-investments alongside leading private equity sponsors. Lexington has been at the forefront of private equity innovation since principals of Lexington helped pioneer the development of the secondary market for private equity interests 27 years ago and also created one of the first independent co-investment programs 19 years ago.  

CIP currently accounts for 18% of Lexington's 12/31/16 AUM. Lexington's secondary acquisition funds currently account for 82% of our 12/31/16 AUM. AUM is based on the sum of residual value and undrawn commitments. 


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.

08.1. Provide a breakdown of your organisation’s externally managed assets between segregated mandates and pooled funds.

Asset class breakdown
Segregated mandate(s)
Pooled fund(s)
[f] Private equity
Total externally managed assets
Please ensure the entire table
(both columns combined)
totals to 100%

08.2. Additional information. [Optional]


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

 

 

Developed Markets

 

 

Emerging, Frontier and Other Markets

Total
100%

09.2. Additional information. [Optional]


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