Lexington Partners L.P.

Key Holdings

The portfolio is dominated by N-ABLE INC (NABL), which accounts for $9.67 million or 91.71% of the total assets. The firm holds 1.24 million shares of NABL, a technology company focused on cloud-based business management software. The position remained unchanged during the quarter, signaling a continued long-term conviction in the company's core business model and growth trajectory. The second holding, SAMSARA INC (IOT), represents 8.29% of the portfolio, valued at $873,66 thousand with 23,000 shares. While significantly smaller than the NABL position, SAMSARA’s presence introduces exposure to the connected operations and Internet of Things (IoT) sector, complementing the software-focused exposure found in the top holding.