On January 13, 2025, Franklin Templeton, in collaboration with Lexington Partners, launched the Franklin Lexington Private Markets Fund (FLEX). This new open-end fund is specifically designed to provide U.S. wealth channel clients with access to secondary private equity investments.
FLEX debuted with an impressive $904.5 million in assets under management (AUM), secured through an initial partnership with two leading U.S.-based wealth management firms. This launch signifies a strategic move to democratize access to an asset class traditionally reserved for institutional investors, offering diversification and potentially shorter liquidity periods.
The fund is registered as a closed-end tender offer fund under the Investment Company Act of 1940, featuring lower minimum investments, 1099 tax reporting, monthly subscriptions, and quarterly liquidity. This initiative reinforces Franklin Templeton's commitment to expanding its world-class global alternatives platform and catering to evolving client needs in private markets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.