Lexington fully supports the mission and ideas of the UN Principles for Responsible Investment ("PRI") and is very aware that environmental, social, and corporate governance ("ESG") issues can affect investment portfolios. Lexington considers a variety of factors when making investment decisions on behalf of the funds that it manages and recognizes that ESG concerns are valid parts of the investment decision process. In addition, we are conscious that as ESG policies and regulations become more widely promulgated, it is likely that the underlying companies that are better positioned to embrace the aspirational aims of the PRI will be affected less financially in the future.

While our fundamental due diligence process remains the same, Lexington's secondary and co-investment funds ask for information regarding ESG factors from the managers and companies, respectively, in which we invest and we record ESG responses as part of our investment due diligence process. In addition, once an investment is made by Lexington's secondary funds, we conduct a periodic survey of managers enquiring about their ESG policies and approach. We believe our commitment to surveying and reporting findings anonymously and in the aggregate to both GPs and our LPs demonstrates our commitment to creating awareness among a highly diversified portfolio of sponsors regarding ESG best practices and to providing assurances to our limited partners about ESG adoption within the Lexington secondary funds.

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