Fund database › Private Equity
Lexington Advisors, LLCLU3009548713Class A ACC EUR Hedged
The fund pools private-equity secondaries from the specialist Lexington — predominantly classic LP-stake acquisitions, complemented by GP-led transactions and co-investments — globally diversified, as a Luxembourg Part II feeder, launched in 2025, fully paid in.
Monthly subscription; quarterly redemption with roughly one month's notice and a quantified quarterly gate. No hard lock-up; redemptions in the first year may incur a charge. The recommended holding period is eight years.
For professional and — depending on the country — eligible retail investors outside the US; currently not registered for distribution in Germany.
One of the big names of the secondary market within Franklin Templeton's distribution network — among the field's secondaries vehicles, the one with the broadest LP-led orientation, where many competitors lean more heavily on GP-led transactions.
Figures for class A ACC EUR Hedged (LU3009548713) · product data 9 Oct 2026 · sources: prospectus (as at 1 Jul 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Nov 2025, the unit price has gained 7.8% (cumulative, 0.6 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
8 monthly values · Source: secondary source (data portal) · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since Mar 2025; a reliable NAV series of the class is available from Nov 2025.
What the prospectus permits: Middle/small market buyout 30%, large buyout 23%, venture capital 19%, mega buyout 15%, growth capital 9%, fund of funds 3%, infrastructure 1%
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
73 holdings; the five largest account for 11.1% of the fund. 23.1% is held in the liquidity reserve — enough for 14 months of maximum redemptions.
How the reserve is invested: Royal Bank of Canada – term deposit 3.58% 4.8% · National Bank of Canada – term deposit 3.58% 4.8% · Australia & New Zealand Banking Group – term deposit 3.65% 4.8% · 4 more 13.0%. It covers 14 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the ten largest: 5 LP secondaries, 4 GP-led secondaries, 1 co-investment.
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LP interest in the sixth flagship buyout fund of Roark Capital (Atlanta), a private equity manager specializing in franchise, restaurant, consumer and services businesses.
Transaction vehicle set up by Lexington Partners (Project “Wildcat”) to participate in a GP-led secondary transaction of a North American large-buyout sponsor.
Bain Capital Europe Fund V is Bain Capital's fifth European buyout fund, with a 2018 vintage.
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Secondary fund (Luxembourg SCSp) of the private equity platform Lion River from the Generali group, which acquires LP interests in private equity funds …
Co-investment vehicle of Hildred Capital Management, a New York-based private equity investor focused on lower middle-market healthcare companies in the U.S. The vehicle holds an equity …
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; 3.1% is not allocated to any block in the source; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 3.40%, class A ACC EUR Hedged is well above the median of the asset class (2.60%). On top comes a performance fee of 12.50% above a hurdle of 5% — with a high-water mark.
For 25,000 USD this means roughly 850 USD per year.
For 25,000 USD, no charge on purchase and up to 500 USD on redemption.
Based on the PRIIPs key information document of class A ACC EUR Hedged, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed.
Cut-off capable of being waived at the discretion of the board of directors or its …
Price = NAV at the end of the previous month.
NAV as at the last calendar day of the month, available by the 20th business day of the …
pre-funding: 2 business days after cut-off
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st business day of the month |
| Cut-off | 4 business days before Valuation day · 23:59 CET · (before the anchor date) |
| Price | previous month-end |
| NAV publication | NAV as at the last calendar day of the month, available by the 20th business day of the following month (NAV Release Date) |
| Payment | pre-funding: 2 business days after cut-off |
| Minimum investment | USD 25,000 |
| Subscription limit | The board of directors may reject or delay subscriptions at its free discretion or defer all subscriptions of a given month |
| Business day | banks normally open for business in each of Luxembourg and the United States, France and Spain (p. 51) |
Dates calculated from the prospectus rules (bank holidays: ES, FR, LU, US); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption day = 1st business day of each calendar quarter.
NAV per unit less redemption fee (up to 2%)
NAV at previous quarter-end (—)
NAV publication
A request made today is paid out on — — — days.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
Money typically within half a year — on average 117 days from decision to cash.
Rank 50 of 112 · rank 15 of 38 in Private Equity · no lock-up · exit costs of 2.0% included
Money typically within half a year — on average 117 days from decision to cash.
no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 1 Jul 2026 · score run 16 Oct 2026 · How 117 days become 30 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | 1st business day of the month |
| Notice | 23:59 CET · (counted from month-start) |
| Price | quarter-end |
| Payout | 10 business days after NAV publication |
| Gate | 5% of NAV at the previous quarter-end per quarter |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 2% (12 months, cliff (lapses after the period)) |
| Lock-up | none |
| Suspension | Force majeure/valuation impossible, market closure or suspension of trading, failure of the price sources |
| Liquidity tools | extension of the notice period, redemption in kind, suspension; in addition Redemption Limitation, Early Redemption Deduction, Redemption Fee |
| Switch / transfer | permitted with the consent of the board of directors (response within 30 calendar days, silence = refusal); Listed Shares freely transferable. |
| Compulsory redemption | Prohibited Person; compulsory conversion or compulsory redemption where the minimum investment is no longer met; dissolution of the sub-fund/class |
Redemptions take place quarterly as at the first business day of the calendar quarter and are limited to 5% of the NAV of FLEX Feeder-I per quarter, measured against the NAV at the end of the immediately preceding quarter. Where the requests exceed the limit, they are met pro rata; requests not met are automatically carried forward to the next redemption date unless the investor revokes them.
The gate is a hard quarterly ratio of 5% of the sub-fund NAV; requests in excess are scaled back pro rata and automatically carried forward to the next redemption date. The board of directors may raise the ratio or suspend it entirely at its own discretion.
Dates calculated from the prospectus rules (bank holidays: ES, FR, LU, US); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
3 classes. All cost and risk figures on this page refer to the basis class A ACC EUR Hedged.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Factsheet / monthly report Factsheet 30 Jun 2026 | 30 Jun 2026 | — |
| NAV series secondary source (data portal) | 30 Jun 2026 | Performance (01) |
| Positions and reserve | 31 Mar 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, with 5% gate per quarter. Subscribing today, it takes on average 117 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 3.40% p.a. according to the PRIIPs KID for class A ACC EUR Hedged; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 12.50%.
25,000 USD in class A ACC EUR Hedged.
Not as a retail investor. According to our evidence, in Germany it is open only to professional and institutional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Franklin Lexington PE Secondaries Fund. Under the prospectus a gate of 5% per quarter applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.