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

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Franklin Templeton announced the successful closing of its second enterprise technology growth equity fund, managed by Franklin Venture Partners. The fund focuses on mid- to late-stage venture companies in the enterprise technology space, targeting those well-positioned for an IPO. Franklin Venture Partners, based in Silicon Valley, leverages both public and private market perspectives, making it an attractive partner for founders aiming for an IPO.

The team, led by Ryan Biggs, James Cross, and Robert Stevenson, has deployed over $3 billion across 95 companies since 2014. They manage private equity funds focused on high-growth categories including industrial, enterprise, space, and defense technology. Franklin Venture Partners is part of Franklin Equity Group, which has over 75 years of experience and manages over $130 billion in assets.

Franklin Templeton ha annunciato la chiusura avvenuta con successo del suo secondo fondo di crescita in tecnologia per le imprese, gestito da Franklin Venture Partners. Il fondo si concentra su aziende di venture di media e tarda fase nel settore della tecnologia per le imprese, mirate a quelle ben posizionate per un'IPO. Franklin Venture Partners, con sede in Silicon Valley, sfrutta prospettive sia del mercato pubblico che privato, rendendolo un partner attraente per i fondatori che puntano a un'IPO.

Il team, guidato da Ryan Biggs, James Cross e Robert Stevenson, ha investito oltre 3 miliardi di dollari in 95 aziende dal 2014. Gestiscono fondi di private equity focalizzati su categorie ad alta crescita, tra cui tecnologia industriale, per le imprese, spaziale e della difesa. Franklin Venture Partners è parte del Franklin Equity Group, che ha oltre 75 anni di esperienza e gestisce oltre 130 miliardi di dollari in attivi.

Franklin Templeton anunció el cierre exitoso de su segundo fondo de capital de crecimiento en tecnología empresarial, gestionado por Franklin Venture Partners. El fondo se centra en compañías de capital de riesgo en etapa media a avanzada en el ámbito de la tecnología empresarial, dirigidas a aquellas bien posicionadas para una OPI. Franklin Venture Partners, con sede en Silicon Valley, aprovecha perspectivas tanto del mercado público como privado, lo que lo convierte en un socio atractivo para los fundadores que aspiran a una OPI.

El equipo, liderado por Ryan Biggs, James Cross y Robert Stevenson, ha invertido más de 3 mil millones de dólares en 95 compañías desde 2014. Administran fondos de capital privado enfocados en categorías de alto crecimiento que incluyen tecnología industrial, empresarial, espacial y de defensa. Franklin Venture Partners es parte de Franklin Equity Group, que tiene más de 75 años de experiencia y gestiona más de 130 mil millones de dólares en activos.

프랭클린 템플턴이 두 번째 기업 기술 성장 주식 펀드의 성공적인 마감을 발표했습니다. 이 펀드는 프랭클린 벤처 파트너스에 의해 관리되며, 중후기 단계의 벤처 기업에 집중하고 있습니다. 기업 기술 분야에서 IPO를 위한 적절한 위치에 있는 기업을 목표로 하고 있습니다. 실리콘밸리에 본사를 둔 프랭클린 벤처 파트너스는 공공 및 민간 시장의 관점을 활용하여 IPO를 목표로 하는 창립자들에게 매력적인 파트너가 됩니다.

팀은 라이언 빅스, 제임스 크로스, 로버트 스티븐슨이 이끌고 있으며, 2014년부터 95개 회사에 걸쳐 30억 달러 이상을 투자했습니다. 이들은 산업, 기업, 우주 및 방위 기술 등 고성장 카테고리에 중점을 둔 사모 펀드를 관리합니다. 프랭클린 벤처 파트너스는 75년 이상의 경험과 1300억 달러 이상의 자산을 관리하는 프랭클린 에쿼티 그룹의 일원입니다.

Franklin Templeton a annoncé la clôture réussie de son deuxième fonds de croissance en technologie d'entreprise, géré par Franklin Venture Partners. Le fonds se concentre sur des entreprises de capital-risque en phase intermédiaire à avancée dans l'espace technologique d'entreprise, visant celles qui sont bien positionnées pour une introduction en bourse (IPO). Franklin Venture Partners, basé dans la Silicon Valley, tire parti des perspectives des marchés publics et privés, ce qui en fait un partenaire attrayant pour les fondateurs visant une IPO.

L'équipe, dirigée par Ryan Biggs, James Cross et Robert Stevenson, a déployé plus de 3 milliards de dollars dans 95 entreprises depuis 2014. Ils gèrent des fonds de capital-investissement axés sur des catégories à forte croissance, y compris la technologie industrielle, d'entreprise, spatiale et de défense. Franklin Venture Partners fait partie de Franklin Equity Group, qui a plus de 75 ans d'expérience et gère plus de 130 milliards de dollars d'actifs.

Franklin Templeton hat den erfolgreichen Abschluss seines zweiten Fonds für Wachstumskapital in der Unternehmens technologie bekannt gegeben, der von Franklin Venture Partners verwaltet wird. Der Fonds konzentriert sich auf Wachstumsunternehmen in der mittleren bis späten Phase im Bereich der Unternehmens technologie und zielt auf Unternehmen ab, die gut für einen Börsengang positioniert sind. Franklin Venture Partners mit Sitz im Silicon Valley nutzt Perspektiven sowohl des öffentlichen als auch des privaten Marktes, was sie zu einem attraktiven Partner für Gründer macht, die einen Börsengang anstreben.

Das Team, geleitet von Ryan Biggs, James Cross und Robert Stevenson, hat seit 2014 über 3 Milliarden Dollar in 95 Unternehmen investiert. Sie verwalten Private-Equity-Fonds, die sich auf schnell wachsende Kategorien wie Industrie-, Unternehmens-, Raumfahrt- und Verteidigungs technologie konzentrieren. Franklin Venture Partners ist Teil der Franklin Equity Group, die über 75 Jahre Erfahrung verfügt und über 130 Milliarden Dollar an Vermögenswerten verwaltet.

Positive
  • Successful closing of second enterprise technology growth equity fund
  • Focus on mid- to late-stage venture companies well-positioned for IPO
  • Unique value proposition as the only Silicon Valley-based private investing arm of a leading global asset manager
  • Over $3 billion deployed across 95 companies since 2014
  • Part of Franklin Equity Group, which manages over $130 billion in assets
Negative
  • None.

Insights

Franklin Templeton's successful closure of its second enterprise technology growth equity fund is a positive development for the company's private equity platform. This achievement demonstrates the firm's ability to attract diverse investors, including institutions and high-net-worth individuals, signaling strong market confidence. The fund's focus on mid- to late-stage venture companies in the enterprise technology space, particularly those positioned for IPOs, aligns with current market trends and potential high-growth opportunities.

With $3 billion deployed across 95 companies since 2014, Franklin Venture Partners has established a significant track record. This latest fund closure further solidifies their position in the competitive private equity landscape. The team's unique value proposition, leveraging both public and private market perspectives, could provide a competitive edge in deal sourcing and portfolio company support. However, investors should note that the success of this fund will ultimately depend on the performance of its portfolio companies and the broader market conditions for IPOs in the coming years.

Franklin Venture Partners' focus on industrial, enterprise, space and defense technologies is strategically aligned with high-growth sectors. The enterprise technology space, in particular, has shown resilience and growth potential, even in challenging economic environments. The fund's emphasis on companies well-positioned for IPOs suggests a focus on mature startups with proven business models and significant market traction.

The team's Silicon Valley base is a significant advantage, providing access to a rich ecosystem of innovative companies and talent. Their ability to leverage Franklin Templeton's extensive resources and global network could offer portfolio companies valuable support for scaling and eventual public market debuts. However, the competitive nature of these tech sectors means that success will heavily depend on the team's ability to identify truly disruptive and scalable technologies amidst a crowded field of contenders.

The successful closing of this fund reflects a broader trend of increased interest in growth equity investments, particularly in the technology sector. Investors are seeking opportunities in private markets, driven by the potential for higher returns compared to public markets and the desire to access innovative companies earlier in their growth cycles. The fund's focus on IPO-ready companies is timely, as the market anticipates a potential rebound in tech IPOs after a relatively quiet period.

Franklin Venture Partners' approach of building concentrated portfolios of high-quality growth equity and cross-over companies aligns with investor preferences for curated, high-potential opportunities. The team's track record and Franklin Templeton's brand strength likely contributed to the fund's successful raise. However, the performance of this fund will be closely watched, as it could influence future fundraising efforts and investor appetite for similar strategies in the competitive private equity landscape.

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.

©2024 Franklin Templeton. All rights reserved.

Franklin Templeton Corporate Communications:

Lisa Tibbitts, +1 (904) 942-4451, lisa.tibbitts@franklintempleton.com

Source: Franklin Templeton

FAQ

What is the focus of Franklin Templeton's (BEN) latest closed fund?

Franklin Templeton's latest closed fund focuses on mid- to late-stage venture companies in the enterprise technology space, particularly those well-positioned for an initial public offering (IPO).

How much has Franklin Venture Partners deployed since 2014?

Franklin Venture Partners has deployed over $3 billion across 95 companies since 2014.

What industries does Franklin Venture Partners (BEN) invest in?

Franklin Venture Partners invests in high-growth categories including industrial, enterprise, space, and defense technology.

Who are the key leaders of Franklin Venture Partners?

Franklin Venture Partners is led by Ryan Biggs, James Cross, and Robert Stevenson.

How much in assets does Franklin Equity Group manage?

Franklin Equity Group, of which Franklin Venture Partners is a part, manages over $130 billion in assets.

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