Franklin Templeton’s Private Equity Platform Successfully Closed Latest Fundraising Round

Silicon Valley-based Franklin Venture Partners focuses on industrial, enterprise, space and defense technologies

SAN MATEO, Calif.--(BUSINESS WIRE)--Today Franklin Templeton announced the successful final closing of its second enterprise technology growth equity fund. The fund is managed by Franklin Venture Partners, the private investing platform of Franklin Templeton’s Franklin Equity Group.

The fund is primarily focused on mid- to late-stage venture companies in the enterprise technology space that appear to be well-positioned for an initial public offering (IPO). The fund, the team’s second vintage, has attracted a mix of investors, including institutions, family offices and high net worth individuals.

“As the private investing arm of a leading global asset manager and the only one based in Silicon Valley, our value proposition is unique. When assessing potential investments, we leverage both public and private market perspectives, which can make us an especially attractive strategic partner to founders who have an ambition to pursue an IPO,” said Ryan Biggs, Co-Head of Franklin Venture Partners. “For nearly 10 years, we’ve been focused on building concentrated portfolios of high-quality growth equity and cross-over companies. Our goal is to identify category-leading businesses with strong commercial traction and best-in-class performance that we believe will continue to compound growth and become attractive public companies.”

Franklin Venture Partners, led by Biggs, James Cross and Robert Stevenson, invests in private companies it believes are poised to have a transformative impact across multiple industries. With more than $3 billion deployed across 95 companies since 2014, the team manages private equity funds focused on a growing number of high-growth categories, including industrial, enterprise, space and defense technology.

Franklin Venture Partners is part of Franklin Equity Group, an active equity manager known for innovation and technology strategies, which has over 75 years of experience, and manages over $130 billion in assets. The team offers in-depth expertise in managing global, U.S. and sector-specific strategies at Franklin Templeton.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of July 31, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

All investments involve risks, including possible loss of principal.

Private equity investments involve a high degree of risk and are suitable only for investors who can afford to risk the loss of all or substantially all of such investment. Private equity investments and vehicles that invest in them should be considered illiquid and their performance may be volatile. There can be no assurance that any investment will be adequately compensated for risks taken. The timing of profit realization, if any, can be highly uncertain. Investments in private securities and obligations may be thinly traded, have no ready market or exchange and require private negotiation, and which may be restricted as to their transferability. These factors may limit the ability to sell such securities at their fair market value.

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