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Franklin Templeton and Lexington Partners launch first registered tender offer private equity secondaries fund for U.S. wealth channel
Other - JANUARY 13, 2025

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Franklin Templeton and Lexington Partners launch first registered tender offer private equity secondaries fund for U.S. wealth channel

by RELEASED

Franklin Templeton has launched its first open-end fund focused on secondary private equity investments.

Co-advised by Franklin Templeton and Lexington Partners, the Franklin Lexington Private Markets Fund (FLEX) provides simplified access to a diversified portfolio of private equity investments acquired through secondary transactions and co-investments in new private equity transactions alongside leading sponsors.

Designed for wealth channel clients seeking long-term growth opportunities, FLEX offers access to an asset class that until recently was primarily available to institutional investors. The new fund comes to market with $904.5 million in assets under management through an initial partnership with two leading U.S.-based wealth management firms.

“Heading into 2025, selecting the right investment partner is more important than ever,” said Wil Warren, partner and president of Lexington Partners, a specialist investment manager of Franklin Templeton.

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