FORM D
Notice of Exempt Offering of Securities

UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.

OMB APPROVAL
OMB Number: 3235-0076
Estimated Average burden hours per response: 4.0
1. Issuer's Identity
CIK (Filer ID Number)Previous Name(s)Checkbox checkedNoneEntity Type
0002120531
Radio button not checkedCorporation
Radio button not checked Limited Partnership
Radio button not checked Limited Liability Company
Radio button not checked General Partnership
Radio button not checked Business Trust
Radio button checkedOther
Luxembourg Special Limited Partnership
 
Name of Issuer
 LCP XI (Luxembourg) Euro Master SCSp
Jurisdiction of Incorporation/Organization
LUXEMBOURG 
Year of Incorporation/Organization
Radio button not checkedOver Five Years Ago
Radio button checkedWithin Last Five Years (Specify Year)
2026
Radio button not checkedYet to Be Formed
 
  
  
 
2. Principal Place of Business and Contact Information
Name of Issuer
 LCP XI (Luxembourg) Euro Master SCSp
Street Address 1Street Address 2
 399 PARK AVENUE
 20TH FLOOR
CityState/Province/CountryZIP/Postal CodePhone No. of Issuer
 NEW YORK
 NEW YORK
 
 10022
 212-754-0411 



3. Related Persons

Last NameFirst NameMiddle Name
Lexington Associates XI (Luxembourg) S.a r.l.
N/A
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox not checkedExecutive OfficerCheckbox not checkedDirectorCheckbox checkedPromoter
Clarification of Response (if Necessary)
The Managing General Partner of the Issuer


Last NameFirst NameMiddle Name
Lexington Associates XI, L.P.
N/A
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox not checkedExecutive OfficerCheckbox not checkedDirectorCheckbox checkedPromoter
Clarification of Response (if Necessary)
The Second General Partner of the Issuer (the "Second GP")


Last NameFirst NameMiddle Name
Lexington Partners GP Holdings XI, L.L.C.
N/A
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox not checkedExecutive OfficerCheckbox not checkedDirectorCheckbox checkedPromoter
Clarification of Response (if Necessary)
The General Partner of the Second GP of the Issuer


Last NameFirst NameMiddle Name
Lexington Partners L.P.
N/A
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox not checkedExecutive OfficerCheckbox not checkedDirectorCheckbox checkedPromoter
Clarification of Response (if Necessary)
Managing Member of the General Partner of the Second GP of the Issuer


Last NameFirst NameMiddle Name
Warren
Wilson
S.
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Giannetti
Thomas
S.
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Bridgeland
Charles
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Hodan
Matthew
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Huang
Timothy
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Lee
John
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Newby
Tom
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Ristvedt
Pal
B.
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Peterson
Clark
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Robinson
Taylor
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 


Last NameFirst NameMiddle Name
Wu
Victor
L.
Street Address 1Street Address 2
 399 Park Avenue 
 20th Floor
CityState/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10022
 
Relationship:Checkbox checkedExecutive OfficerCheckbox not checkedDirectorCheckbox not checkedPromoter
Clarification of Response (if Necessary)
 




4. Industry Group
 Radio button not checkedAgriculture
Banking & Financial Services
 Radio button not checked Commercial Banking
 Radio button not checked Insurance
 Radio button not checkedInvesting
 Radio button not checked Investment Banking
 Radio button checked Pooled Investment Fund

*Is the issuer registered as an investment company under the Investment Company Act of 1940?
Radio button not checked Yes  Radio button checkedNo
 Radio button not checkedOther Banking & Financial Services
Radio button not checked Business Services
Energy
 Radio button not checked Coal Mining
 Radio button not checked Electric Utilities
 Radio button not checked Energy Conservation
 Radio button not checked Environmental Services
 Radio button not checked Oil & Gas
 Radio button not checked Other Energy
Health Care
 Radio button not checked Biotechnology
 Radio button not checked Health Insurance
 Radio button not checked Hospitals & Physicians
 Radio button not checked Pharmaceuticals
 Radio button not checked Other Health Care
   
   
   
  
Radio button not checked Manufacturing
Real Estate
 Radio button not checkedCommercial
 Radio button not checkedConstruction
 Radio button not checkedREITS & Finance
 Radio button not checkedResidential
Radio button not checkedOther Real Estate
Radio button not checked Retailing
Radio button not checkedRestaurants
Technology
Radio button not checked Computers
Radio button not checked Telecommunications
Radio button not checked Other Technology
Travel
Radio button not checked Airlines & Airports
Radio button not checked Lodging & Conventions
Radio button not checked Tourism & Travel Services
Radio button not checked Other Travel
Radio button not checkedOther

  
   
5. Issuer Size
Revenue RangeAggregate Net Asset Value Range
Radio button not checkedNo RevenuesRadio button not checked No Aggregate Net Asset Value
Radio button not checked $1 - $1,000,000Radio button not checked$1 - $5,000,000
Radio button not checked $1,000,001 - $5,000,000Radio button not checked $5,000,001 - $25,000,000
Radio button not checked$5,000,001 - $25,000,000Radio button not checked $25,000,001 - $50,000,000
Radio button not checked$25,000,001 - $100,000,000Radio button not checked $50,000,001 - $100,000,000
Radio button not checked Over $100,000,000Radio button not checked Over $100,000,000
Radio button checked Decline to Disclose Radio button not checkedDecline to Disclose
Radio button not checked Not ApplicableRadio button not checked Not Applicable

 
6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
Checkbox not checkedRule 504(b)(1) (not (i), (ii)
or (iii))		Checkbox checkedRule 506(b)      
Checkbox not checkedRule 504 (b)(1)(i) Checkbox not checkedRule 506(c)
Checkbox not checkedRule 504 (b)(1)(ii) Checkbox not checkedSecurities Act Section 4(a)(5)
Checkbox not checkedRule 504 (b)(1)(iii)Checkbox checkedInvestment Company Act Section 3(c)
Checkbox not checkedSection 3(c)(1)Checkbox not checkedSection 3(c)(9)
Checkbox not checkedSection 3(c)(2)Checkbox not checkedSection 3(c)(10)
Checkbox not checkedSection 3(c)(3)Checkbox not checkedSection 3(c)(11)
Checkbox not checkedSection 3(c)(4)Checkbox not checkedSection 3(c)(12)
Checkbox not checkedSection 3(c)(5)Checkbox not checkedSection 3(c)(13)
Checkbox not checkedSection 3(c)(6)Checkbox not checkedSection 3(c)(14)
Checkbox checkedSection 3(c)(7)
 
 

7. Type of Filing
Checkbox checked New Notice Date of First Sale 
 
Checkbox checked First Sale Yet to Occur
Checkbox not checked Amendment


 
 
8. Duration of Offering
Does the Issuer intend this offering to last more than one year? Radio button checked Yes Radio button not checked No
 
 
9. Type(s) of Securities Offered (select all that apply)
Checkbox checkedPooled Investment Fund InterestsCheckbox not checkedEquity
Checkbox not checkedTenant-in-Common Securities Checkbox not checkedDebt
Checkbox not checkedMineral Property SecuritiesCheckbox not checkedOption, Warrant or Other Right to Acquire Another Security
Checkbox not checkedSecurity to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire SecurityCheckbox not checkedOther (describe)
 
 
 
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Radio button not checked Yes Radio button checked No
Clarification of Response (if Necessary)
 
 
 
11. Minimum Investment
Minimum investment accepted from any outside investor$
 0
USD

12. Sales Compensation
Recipient Recipient CRD NumberCheckbox not checkedNone
 Franklin Distributors, LLC
 109064
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Franklin Distributors, LLC
 109064
Street Address 1      Street Address 2
One Franklin Parkway
 
City State/Province/CountryZIP/Postal Code
 San Mateo
 CALIFORNIA
 94403-1906
State(s) of SolicitationCheckbox checkedAll StatesCheckbox not checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox not checkedNone
 J.P. Morgan Securities LLC
 79
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 J.P. Morgan Securities LLC
 79
Street Address 1      Street Address 2
390 Madison Avenue
32nd Floor
City State/Province/CountryZIP/Postal Code
 New York
 NEW YORK
 10017
State(s) of SolicitationCheckbox checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 Alaric Finance
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
111 avenue Victor Hugo
 
City State/Province/CountryZIP/Postal Code
 Paris
 FRANCE
 75116
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 Compass Group Global Advisors S.A.
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
Rosario Norte 555
14th Floor, Las Condes
City State/Province/CountryZIP/Postal Code
 Santiago
 CHILE
 -
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox not checkedNone
 Raymond James & Associates, Inc.
 705
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Raymond James & Associates, Inc.
 705
Street Address 1      Street Address 2
880 Carillon Parkway
 
City State/Province/CountryZIP/Postal Code
 St. Petersburg
 FLORIDA
 33716
State(s) of SolicitationCheckbox checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 Cuntur Capital, S.A.P.I. de C.V.
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
Monte Elbruz 124 piso 2-212B
Lomas de Chapultepec
City State/Province/CountryZIP/Postal Code
 Mexico City
 MEXICO
 11000
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox not checkedNone
 Raymond James Financial Services, Inc.
 6694
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Raymond James Financial Services, Inc.
 6694
Street Address 1      Street Address 2
880 Carillon Parkway
 
City State/Province/CountryZIP/Postal Code
 St. Petersburg
 FLORIDA
 33716
State(s) of SolicitationCheckbox checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 Crosspoint Advisors, Inc.
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
Holland Hills Mori Tower 14F
5-11-2 Toranomon, Minato-ku
City State/Province/CountryZIP/Postal Code
 Tokyo
 JAPAN
 105-0001
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox not checkedNone
 Morgan Stanley Smith Barney LLC
 149777
(Associated) Broker or DealerCheckbox not checkedNone(Associated) Broker or Dealer CRD Number Checkbox not checkedNone
 Morgan Stanley Smith Barney LLC
 149777
Street Address 1      Street Address 2
2000 Westchester Avenue
 
City State/Province/CountryZIP/Postal Code
 Purchase
 NEW YORK
 10577
State(s) of SolicitationCheckbox checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 Y.A. Karni Financial Consultant Ltd.
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
6 Aliya Street
 
City State/Province/CountryZIP/Postal Code
 Tel Aviv
 ISRAEL
 -
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 DS Investment and Securities Co., Ltd
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
13 F, Three IFC, 10 Gukjegeumyung-ro
Yeongdeungpo-gu
City State/Province/CountryZIP/Postal Code
 Seoul
 KOREA, REPUBLIC OF
 07326
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 
Recipient Recipient CRD NumberCheckbox checkedNone
 NH Investment & Securities Co., Ltd.
  
(Associated) Broker or DealerCheckbox checkedNone(Associated) Broker or Dealer CRD Number Checkbox checkedNone
  
  
Street Address 1      Street Address 2
Parc. 1 NH Finance Tower (Tower 2)
108 Yeoui-daero, Yeongdeungpo-gu
City State/Province/CountryZIP/Postal Code
 Seoul
 KOREA, REPUBLIC OF
 07335
State(s) of SolicitationCheckbox not checkedAll StatesCheckbox checkedForeign/Non-US
 



13. Offering and Sales Amounts
 
Total Offering Amount $
 
USDCheckbox checkedIndefinite
Total Amount Sold $
0
USD
Total Remaining to be Sold $
 
USDCheckbox checkedIndefinite
Clarification of Response (if Necessary)
  
 
14. Investors

Checkbox not checkedSelect if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering
   
  Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
0
 
15. Sales Commissions & Finders’ Fees Expenses
Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions$
61600000
USDCheckbox checkedEstimate
Finders' Fees$
0
USDCheckbox not checkedEstimate
Clarification of Response (if Necessary)
Sales commissions estimate includes sales commissions relating to Lexington Capital Partners XI, L.P., LCP XI (Offshore), L.P., LCP XI (Luxembourg) SCSp, LCP XI (Luxembourg) Euro Feeder SCSp and LCP XI (Luxembourg) Master SCSp
 

16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
 $ 
0
USDCheckbox not checkedEstimate
Clarification of Response (if Necessary)
 

Signature and Submission
 
Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.
Terms of Submission 
 In submitting this notice, each Issuer named above is: 
 
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, the information furnished to offerees.
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the Issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).
 
Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.
For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.
 
IssuerSignatureName of SignerTitleDate
LCP XI (Luxembourg) Euro Master SCSp/s/ Thomas S. GiannettiThomas S. GiannettiManager2026-04-29