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Franklin Templeton and Lexington Partners Launch First Registered Tender Offer Private Equity Secondaries Fund
Jan 13, 2025•over 1 year ago
Contract Type
partnership
JapanFinancial ServicesFinance
Description
Franklin Templeton and Lexington Partners announced the launch of the Franklin Lexington Private Markets Fund (“FLEX”), providing 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. The fund is designed for wealth channel clients seeking long-term growth opportunities and comes to market with $904.5 million in assets under management (AUM) through an initial partnership with two leading U.S.-based wealth management firms.
Company Information
Company
Franklin Templeton Japan
Location
Japan
About
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) have merged into EMO. Each share of common stock of CEM and CTR, par value $0.001 per share, converted into an equivalent dollar amount of full shares of common stock of EMO, based on the net asset value of each Fund on the business day preceding the Mergers.
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ML-powered predictions for Franklin Templeton Japan's next move
JapanFinancial ServicesFinance