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
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
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
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
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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Franklin Templeton Corporate Communications:
Lisa Tibbitts, +1 (904) 942-4451, lisa.tibbitts@franklintempleton.com
Source: Franklin Templeton
