- CEO
- Donald Arthur McInnes
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1055 West Hastings Street Vancouver BC Canada V6E 2E9
- IPO Date
- Jul 19, 2017
- Business
- Registered Plan Private Investments Inc. operates as a private investment platform company that enables investors to utilize their registered plans, including registered retirement savings plans, registered education savings plans, tax-free savings accounts, registered retirement income funds, and registered disability savings plans, to invest directly in private companies by purchasing tracking shares in the company, which then allocates proceeds to the investor-selected private entities; the platform generates revenue through fees on initial investments, redemptions, and annual management based on invested amounts, targeting Canadian retail investors seeking exposure to private markets through tax-advantaged vehicles. The company, founded in 2016 and headquartered in Vancouver, Canada, trades on the OTC market under the ticker LXGTF in the asset management industry, with primary operations focused on Canada. Formerly known as Lexington Biosciences Inc., a medical device developer of the non-invasive HeartSentry cardiovascular monitoring technology, it underwent a major strategic pivot and name change in May 2020 to establish the current private investment business model, accompanied by a shift in management including the resignation of prior CEO Eric Willis and proposed debt-to-equity conversions via non-brokered private placement financing approved by shareholders.