Leonard Green & Partners LP

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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
Phone310-954-0444
Address11111 Santa Monica Blvd
Los Angeles, CA 90025
Source [IAPD] [EDGAR] [Website] [LinkedIn]
Total AUM ($B)
907254361802010201520212027
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 ($B)
151296302011201620212027
Type Form D Funds Date Sold AUM
PE CF IV J Jupiter Coinvest LP [2026-03-31] 154.1 M
Filed 2025-03-07 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE GEI IX ABG Coinvest LP 2026-03-31 28.9 M
PE GEI IX Clarity Coinvest LP [2026-03-31] 150.0 M 512.6 M
Filed 2025-08-14 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE GEI IX Crunch Coinvest LP [2026-03-31] 52.9 M
Filed 2025-06-18 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE GEI Jupiter Holdings J LP [2026-03-31] 1,035.9 M
Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE GEI VIII Epic Aggregator LP 2026-03-31 197.2 M
PE GEI X Coinvest N LP 2026-03-31 345.7 M
PE Green Equity Investors CF IV-A LP [2026-03-31] 598.8 M
Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE Green Equity Investors CF IV-B LP [2026-03-31] 101.7 M
Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE Green Equity Investors CF IV-C LP [2026-03-31] 2,926.9 M
Filed 2025-02-25 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
View All
AUM Breakdown Accounts AUM ($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
Limited Partners2011 - 2026
Alaska Permanent Fund Corporation
California Public Employees' Retirement System
Hawaii Employee Retirement System
Kansas Public Employees Retirement System
Los Angeles Department of Water and Power Employees' Retirement Plan
Maryland State Retirement and Pension System
Minnesota State Board of Investment
New York City Board of Education Retirement System
New York City Employees' Retirement System
New York State and Local Retirement System
New York State Common Retirement Fund
Ohio Police & Firefighters
Oregon Public Employees Retirement Fund
Pennsylvania Public School Employees' Retirement System
Public Employee Retirement System of Idaho
State Board of Administration of Florida
State of Michigan Retirement System
State Teachers Retirement System of Ohio
Teachers' Retirement Security for Illinois Educators
Teachers' Retirement System of the City of New York
The University of Texas/Texas A&M Investment Company
Washington State Investment Board
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
Jonathan Seiffer Executive Officer 72 2
John Baumer Executive Officer 66 2
Todd Purdy Executive Officer 58 2
James Halper Executive Officer 54 2
Lance Schumacher Executive Officer 38 2
William McCollum Executive Officer 34 2
Alyse Wagner Executive Officer 26 2
Usama Cortas Executive Officer 26 2
J Galashan Executive Officer 25 2
Michael Gennaro Executive Officer 19 2
Cameron Breitner Executive Officer 9 2
Michael Kirton Executive Officer 5 2
John Yoon Executive Officer 4 2
Michael Conolly Executive Officer 2 2
Lily Chang Executive Officer 3 1
Oliver Nordinger Executive Officer 1 1
Michaell Gennaro Executive Officer 1 1
John Danhaki Executive Officer 1 1
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$14.9B
ServesInstitutional
Fund TypesHedge Fund, Private Equity
LEI254900PR3C45B3GHUQ08
Form 3/4/5 Subject 2011 - 2026
LGP Associates VI-A LLC
Leonard Green & Partners LP
Green Equity Investors VI LP
Peridot Coinvest Manager LLC
Green VI Holdings LLC
LGP Associates VI-B LLC
GEI Capital VI LLC
LGP Management Inc
Green Equity Investors Side VI LP
Green LTF Holdings II LP
View All
Insider Transaction (Form 3/4/5) Date Action Shares Price Value ($)
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
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