US-based asset manager Franklin Templeton and secondaries specialist Lexington Partners have launched a Luxembourg-domiciled private equity secondaries fund with over $875m in AuM from international investors.
The Franklin Lexington PE Secondaries Fund (FLEX-I) 2, a sub-fund of the Luxembourg-domiciled Franklin Lexington Private Markets Fund SICAV SA range, has attracted investors across APAC, EMEA, Canada and Latin America.
Co-managed by Franklin Templeton and Lexington Partners, a pioneer in the development of institutional secondary markets, the new fund represents the firm’s first evergreen fund for the wealth channel internationally.
Following regulatory approval, it is available for distribution in the European Economic Area, the United Kingdom, Switzerland, Canada, and some Middle Eastern, Latin American and APAC jurisdictions.
George Szemere, Franklin Templeton’s Head of Alternatives EMEA Wealth Management, said: “We are excited to partner with Lexington on this product which represents a key addition to our Alternatives by Franklin Templeton product range.
“Our goal is to unlock access to high-quality private equity for international investors in the wealth channel. This exciting launch marks a pivotal moment for our private wealth expansion internationally and reinforces our commitment to becoming a leading player in the alternatives wealth channel.”
