Close the acquisition of Lexington Partners L.P
Delivered after the deadline (1 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 1 Nov 2021
- Due
- 31 Mar 2022
- Delivered
- 1 Apr 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is subject to customary closing conditions and is expected to close by the end of the second fiscal quarter of 2022.”
What we found
Evidence strength A What the grades mean
Later filings consistently state the Lexington acquisition closed on April 1, 2022, one day after the March 31, 2022 deadline.
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A Franklin Resources 10-Q filed 2022-05-03
“On April 1, 2022, the Company acquired all of the outstanding ownership interests in Lexington Partners L.P. (“Lexington”) for cash consideration of $1.0 billion” ✓ confirmed on the page
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A Franklin Resources 10-Q filed 2022-07-28
“On April 1, 2022, the Company acquired all of the outstanding ownership interests in Lexington Partners L.P. (“Lexington”), a leading global manager of secondary private equity and co-investment funds” ✓ confirmed on the page
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A Franklin Resources 10-K filed 2022-11-14
“On April 1, 2022, Franklin Resources, Inc. completed the acquisition of Lexington Partners L.P. (“Lexington”).” ✓ confirmed on the page
Market reaction: the shares moved -1.0% against the S&P 500 over the three sessions around the disclosure (2 May 2022 to 5 May 2022). What this measures
Checked 10 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of Lexington Partners L.P.
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to customary closing conditions
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-BEN-006676 · Corrections policy