|
⚲
|
| Keyboard |
| Leonard Green & Partners LP
✚
|
|
|---|---|
| CRD # | 158164 |
| SEC # | 801-73794 |
| CIK # | 0001175523 |
| AUM | 85.60 B (2026-03-31) |
| Employees | 96 (59% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 310-954-0444 |
| Address | 11111 Santa Monica Blvd Los Angeles, CA 90025 |
| Source | [IAPD] [EDGAR] [Website] [LinkedIn] |
| Total AUM ($B) |
|---|
| In the News | |
|---|---|
| Mon, 27 Jul 2026 | Ares Management has held talks to buy Leonard Green & Partners — Financial Times |
| Wed, 17 Jun 2026 | Leonard Green & Partners Acquires Cumming Group From New Mountain Capital — Pulse 2.0 |
| Tue, 16 Jun 2026 | Leonard Green & Partners to Acquire Cumming Group, a Leading Pure-Play Project and Cost Management Platform, From New Mountain Capital — Business Wire |
| Thu, 21 May 2026 | Leonard Green & Partners takes Mister Car Wash private in $3.1B deal — Professional Carwashing & Detailing |
| Tue, 19 May 2026 | Mister Car Wash Announces Completion of Take-Private by Leonard Green & Partners — PR Newswire |
| Fees and Compensation — Form ADV Part 2A (3/31/2026) [Brochure] |
|---|
Item 5: Fees and Compensation
In general, LGP earns management fees, and the affiliated general partners have the potential to earn
performance-based compensation, from each of the Funds (other than the Co-Investment Vehicles, which
generally do not pay management fees or performance-based compensation). The Firm or its affiliates or
employees have in the past, and expect to in the future, receive Fee Income (as defined below). A
specified percentage of Fee Income (as set forth in the relevant governing documents of the applicable
Fund) is applied to reduce the management fee payable to LGP. The aforementioned fees are discussed
in more detail below. For purposes of this Brochure, employees of LGP includes the partners of LGP.
Rounded to the nearest $100,000.
The discussion in this Item 5 is not intended to be complete and is qualified in its entirety by reference to
the governing documents of each Fund, which have been provided to each investor in each such Fund.
Management Fees
In general, LGP is entitled to receive a management fee for each Fund (other than the Co-Investment
Vehicles and certain other Funds, which generally do not pay management fees or performance-based
compensation, as described below). Management fees are indirectly borne by the Limited Partners in
such Funds, including any Feeder Vehicles that invest as Limited Partners in a Main Fund. Management
fees are generally payable in advance, with payment on or after the 10th day of each semi-annual period
or any period that is less than a full semi-annual period. In general, Funds (other than the Co-Investment
Vehicles and certain other Funds as described below) are charged a management fee of up to 1.50% per
annum of aggregate commitments of unaffiliated Limited Partners during the commitment period.
Following expiration of the commitment period for such Funds, management fees are generally payable
at lower rates (typically ranging from 0.75% to 1.25%) and on the amount of invested capital. In some
cases, management fees are subject to breakpoints (i.e., reductions in the applicable rate charged in
respect of aggregate Fund capital commitments above a certain specified thresholds). Management fees
are also subject to reduction in certain circumstances as required by the relevant governing documents.
Under the Funds’ governing documents, the management fee will be calculated and charged on a basis
that generally is not tied to a Fund’s then-current net asset value. As further specified in the relevant
governing documents, management fees will initially generally be charged based on a formula tied to the
amount of the relevant Fund’s aggregate commitments. However, after a certain date specified in the
relevant governing documents (the “Stepdown Date”) and subject to the applicable terms further
specified in such governing documents, a Fund’s management fee generally will be charged and calculated
based on a formula tied to the amount of contributed capital (including, where applicable, a Fund
borrowing component (including interest expenses) and the amount of any capitalized Fee Income (as
defined below) or expense) or the cost basis of investments made by the Fund that have not been realized,
written down or otherwise completely written off for U.S. federal income tax purposes as determined by
the general partner in its sole discretion (such investments, “Impaired Value Investments”). Due to
differences in the criteria set forth in their respective governing documents, in the event where more than
one Fund participates in an investment, there is the possibility that an investment will become an Impaired
Value Investment for purposes of one Fund’s governing documents but not those of one or more other
Funds. As a result, except where the governing documents expressly provide to the contrary, the amount
of management fees generally will not correspond with fluctuations in the net asset value of individual
investments or of the Fund, including where the fair market value of an investment exceeds or falls below
the total amount of contributed capital or the cost basis relating to such investment, except in the case of
investments meeting the relevant Impaired Value Investments standard under the relevant governing
documents. Therefore, the management fee generally will not be reduced (in whole or in part) in
connection with any partial sales or distributions, reorganizations, recapitalizations (including
recapitalization including dividends), restructurings, roll-over investments, extraordinary dividends or
similar transactions, in each case in circumstances that do not result in the complete disposition of the
relevant Fund’s interest therein, and even in cases where the value of the Fund’s investment or the Fund’s
ownership percentage in such investment has been reduced (including substantially reduced) as a result
of such transaction.
Each Fund’s governing documents set forth the precise amount and the manner and calculation of the
management fees and the full list of terms under which a Fund’s management fee will be reduced, offset
or otherwise be limited, and consequently investors should expect to bear the full specified management
fee in the relevant governing documents until reduced in the circumstances and on the date(s) specified
therein.
LGP’s affiliates that hold interests in a Fund do not pay management fees and are not subject to
performance-based fees with respect to such interests. The affiliated partners’ capital contributions are
generally made through waiver of a corresponding amount of the management fees payable to LGP by
such Fund in lieu of capital contributions by such partners.
Co-Investment Vehicles do not typically pay any management fees (or performance-based fees), although
LGP reserves the right in its sole discretion to charge such fees to Co-Investment Vehicles that may be
... |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/31/2026) [Brochure] |
|---|
Item 7: Types of Clients LGP’s only clients are the Funds to which LGP directly provides investment advisory services. LGP does not provide investment advisory services individually to the investors in the Funds. Investors in the Funds are generally (i) “accredited investors” within the meaning of the rules and regulations promulgated under the Securities Act and (ii) “qualified purchasers” or “knowledgeable employees” within the meaning of the rules and regulations promulgated under the 1940 Act, and generally include, among others, high net worth individuals and institutional investors such as banks, thrift institutions, pension and profit sharing plans, trusts, estates, charitable organizations, university endowments, corporations, insurance companies, sovereign wealth funds and funds-of-funds. LGP generally imposes a minimum investment commitment requirement for each Fund. The confidential offering materials for each Fund provide additional information about the Fund’s minimum investment commitment, if any, which may be waived by the general partner in its sole discretion. |
| Sector | Form 13F Holdings | Value ($B) | |
|---|---|---|---|
| Life Time Group Holdings Inc | 0.7 | ||
| Dragoneer Growth Opportunities Corp | 0.3 | ||
| Williams Sonoma Inc | 0.2 | ||
| Callaway Golf Co | 0.1 | ||
| Conyers Park II Acquisition Corp | 0.0 | ||
| Holdings by Sector ($B) |
|---|
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| PE | CF IV J Jupiter Coinvest LP | [2026-03-31] | 154.1 M | |
| Filed 2025-03-07 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | GEI IX ABG Coinvest LP | 2026-03-31 | 28.9 M | |
| PE | GEI IX Clarity Coinvest LP | [2026-03-31] | 150.0 M | 512.6 M |
| Filed 2025-08-14 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | GEI IX Crunch Coinvest LP | [2026-03-31] | 52.9 M | |
| Filed 2025-06-18 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | GEI Jupiter Holdings J LP | [2026-03-31] | 1,035.9 M | |
| Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | GEI VIII Epic Aggregator LP | 2026-03-31 | 197.2 M | |
| PE | GEI X Coinvest N LP | 2026-03-31 | 345.7 M | |
| PE | Green Equity Investors CF IV-A LP | [2026-03-31] | 598.8 M | |
| Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | Green Equity Investors CF IV-B LP | [2026-03-31] | 101.7 M | |
| Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| PE | Green Equity Investors CF IV-C LP | [2026-03-31] | 2,926.9 M | |
| Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose | ||||
| View All | ||||
| AUM Breakdown | Accounts | AUM ($B) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 117 | 85.6 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 117 | 85.6 |
| By Discretionary | ||
| Discretionary | 117 | 85.6 |
| Non-Discretionary | 0 | 0.0 |
| Total | 117 | 85.6 |
| By Non-United States Persons | ||
| Non-United States Persons | 1.2 | |
| United States Persons | 84.4 | |
| Total | 117 | 85.6 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| Michael Solomon | Executive Officer | 85 | 3 | |
| Timothy Flynn | Executive Officer | 67 | 3 | |
| Peter Nolan | Executive Officer | 38 | 3 | |
| Michael Connolly | Executive Officer | 27 | 3 | |
| Adrian Maizey | Executive Officer | 25 | 3 | |
| Oliver Nordlinger | Executive Officer | 23 | 3 | |
| John Danhakl | Executive Officer | 217 | 2 | |
| Jonathan Sokoloff | Executive Officer | 200 | 2 | |
| Cody Franklin | Executive Officer | 196 | 2 | |
| Andrew Goldberg | Executive Officer | 172 | 2 | |
| View All | ||||
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| 13F-HR | [0001175523] | |
| 3 | [0001175523] | |
| 4 | [0001175523] | |
| SC 13D | [0001175523] |
| Form 13D/13G Filer | Form 13D/13G Subject | Filed |
|---|---|---|
| Leonard Green & Partners LP | Joann Inc | [2021-04-21] |
| Firm Profile (Form ADV) | |
|---|---|
| Discretionary AUM | $14.9B |
| Serves | Institutional |
| Fund Types | Hedge Fund, Private Equity |
| LEI | 254900PR3C45B3GHUQ08 |
| Insider Transaction (Form 3/4/5) | Date | Action | Shares | Price | Value ($) |
|---|---|---|---|---|---|
|
Life Time Group Holdings Inc LTH
Common Stock
|
2025-06-06 | Sell | 193,163 | $29.38 | 5,675,129 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2025-06-06 | Sell | 11,443,038 | $29.38 | 336,196,456 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2025-06-06 | Sell | 19,381 | $29.38 | 569,414 |
|
AerSale Corp ASLE
Common Stock
|
2025-03-14 | Disposed to issuer | 1,690,670 | $7.00 | 11,834,690 |
|
AerSale Corp ASLE
Common Stock
|
2025-03-14 | Disposed to issuer | 4,736,965 | $7.00 | 33,158,755 |
|
AerSale Corp ASLE
Common Stock
|
2025-03-14 | Disposed to issuer | 936 | $7.00 | 6,552 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2025-03-03 | Sell | 163,599 | $30.13 | 4,929,238 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2025-03-03 | Sell | 16,415 | $30.13 | 494,584 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2025-03-03 | Sell | 9,691,673 | $30.13 | 292,010,107 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2024-11-11 | Sell | 62,005 | $24.18 | 1,499,281 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2024-11-11 | Sell | 3,673,168 | $24.18 | 88,817,202 |
|
Life Time Group Holdings Inc LTH
Common Stock
|
2024-11-11 | Sell | 6,221 | $24.18 | 150,424 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-10-21 | Sell | 63,553 | $99.25 | 6,307,635 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-10-21 | Sell | 77 | $99.25 | 7,642 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-10-21 | Sell | 37,878 | $99.25 | 3,759,392 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-10-21 | Sell | 992 | $99.25 | 98,456 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-09-30 | Sell | 83 | $92.17 | 7,650 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-09-30 | Sell | 40,649 | $92.17 | 3,746,618 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-09-30 | Sell | 68,204 | $92.17 | 6,286,363 |
|
Signet Jewelers Ltd SIG
Series A Convertible Preference Shares · derivative
|
2024-09-30 | Sell | 1,064 | $92.17 | 98,069 |
| showing 20 of 200 most recent transactions | |||||
| Comparable Firms | State | AUM |
|---|---|---|
|
Coatue Management LLC
✚
|
NY | 92.71 B |
|
Cerberus Capital Management LP
✚
|
NY | 92.50 B |
|
Insight Venture Management LLC
✚
|
NY | 92.18 B |
|
Wellington Alternative Investments LLC
✚
|
MA | 92.17 B |
|
Aegon USA Investment Management LLC
✚
|
IA | 88.80 B |
|
Clearlake Capital Group LP
✚
|
CA | 83.56 B |
|
Sequoia Capital Operations LLC
✚
|
CA | 82.17 B |
|
Centerbridge Partners LP
✚
|
NY | 79.86 B |
|
Viking Global Investors LP
✚
|
CT | 78.20 B |
|
Tiger Global Management LLC
✚
|
NY | 77.99 B |