Franklin Templeton and Lexington Partners unveil $875m private equity secondaries fund

Access to private assets

After receiving regulatory approval in November 2024, Franklin Templeton and Lexington Partners have launched the Franklin Lexington PE Secondaries fund (FLEX-I), the firm’s inaugural evergreen strategy for the international wealth channel.

A sub-fund of the Luxembourg-domiciled Franklin Lexington Private Markets fund SICAV SA range, the fresh strategy comes to market with more than $875m in assets under management and investors spanning APAC, EMEA, Canada and Latin America.  Franklin Templeton and Lexington Partners will co-manage the mandate. George Szemere, Franklin's head of alternatives EMEA wealth management, noted: "Our goal is to unlock access to high-quality private equity for international investors in the wealth channel." The Big Interview: Franklin Templeton CEO Jenny Johnson on 'the three Cs' of takeovers, a...