Franklin Lexington Private Equities Secondaries Strategy Exceeds $3.5 Billion in Assets Under Management Globally Within First Year

Luxembourg and London: 13 February 2026 – Franklin Templeton¹ today announced that its Franklin Lexington PE secondaries strategy² has exceeded $3.5 billion in assets under management (AUM) in less than one year since its launch. This significant milestone underscores the strong and growing demand among global wealth channel clients for institutional-quality private markets solutions that offer the potential for long-term growth and diversification.

The Franklin Lexington PE secondaries strategy represents the firm’s first continuously offered strategy dedicated to secondary private equity investments and is available to investors globally. Initially launched to U.S. investors in December 2024, the strategy is advised by Franklin Templeton and sub-advised by Lexington Partners³, a pioneer in the private equity secondary and co-investment markets. In March 2025, the strategy was extended to international investors in Europe, the Middle East, Latin America and APAC, further broadening access to private markets globally.

“We are proud to partner with Franklin Templeton on this innovative strategy and broaden access to the secondary market for a wider range of investors,” said Wil Warren, Partner and President of Lexington. “This milestone demonstrates the strong demand for high-quality private markets exposure and validates our industry-leading secondary platform that combines our market leadership and expertise with Franklin Templeton’s global distribution capabilities. We look ahead with a continued focus on delivering value to our clients as the strategy grows.”

Matthew Harrison, Head of Americas (ex-US) Europe & UK, Franklin Templeton continued: “This reflects the strong momentum we are seeing across Europe and other international markets as wealth managers increase allocations to private markets through more accessible, evergreen structures. The success of the Franklin Lexington PE secondaries strategy highlights the strength of our global platform in supporting private markets access for wealth clients.”

“Reaching this level of scale so quickly highlights the accelerating adoption we are seeing from the wealth channel as evergreen strategies become an established way to access private markets,” added George Szemere, Head of Private Markets, EMEA Wealth, Franklin Templeton. “This marks another important milestone for the global Franklin Templeton Private Markets platform as we continue to build scale, with private equity, real estate and infrastructure among our key growth priorities in 2026. Our focus remains on delivering institutional‑quality access to private markets through flexible structures aligned with the needs of wealth clients.”

The Franklin Lexington PE secondaries strategy is designed to provide 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, leveraging Franklin Templeton’s global private markets wealth platform. Its innovative structure aims to allow financial advisors and their clients to participate in investment opportunities traditionally reserved for large institutions.

Jake Williams Global Co-Head of Alternatives Wealth Management Product concluded: “Secondaries has been a focal point for investor allocations throughout the last year. This achievement is testament to Lexington's rigorous investment approach and tenure in the market. We believe that secondaries will continue to become a core allocation of investor private equity portfolios. Combining Lexington's deep expertise and Franklin Templeton's global client presence, we believe we are well equipped to continue to provide long term value for investors.”

In addition to global secondary private equity and co-investments, Franklin Templeton’s global alternative asset strategies include specialist investment managers focused on private real estate through Clarion Partners and private credit via Benefit Street Partners as well as hedged strategies, venture capital and digital assets. The firm’s alternatives assets represent 16% ($275 billion) of Franklin Templeton’s $1.7 trillion in total assets under management as of 31 January 2026.

ENDS

Franklin Templeton Media Contact:

Saira Khan
[email protected]

Beverly Khoo
[email protected]

Lexington Partners Media Contact:

Todd Fogarty
Kekst CNC
[email protected]

Notes to Editors:

This is a marketing communication.

1. Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.
   With more than $1.7 trillion in assets under management as of January 31, 2026, Franklin Templeton operates globally in more than 35 countries.
   To learn more, visit franklintempleton.com and follow us on LinkedIn.
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2. References herein to “Franklin Lexington PE secondaries strategy” include both Franklin Lexington Private Markets Fund and Franklin Lexington PE Secondaries Fund.
3. Lexington Partners is one of the world's largest and most successful managers of secondary private equity and co-investment funds, with over $82 billion of total capitalization. The firm helped pioneer the development of the institutional secondary market over 35 years ago and created one of the first independent, discretionary co-investment programs 27 years ago. Lexington provides strategic, customized liquidity solutions to global investors and private equity sponsors alike, supported by its dedicated and well-capitalized secondary, continuation vehicle, and co-investment platforms. Lexington's experienced professionals are strategically located in major centers for private equity and alternative asset investing across North America, Europe, Asia and Latin America. Lexington is the global secondary private equity and co-investments specialist investment manager of Franklin Templeton. Additional information can be found at lexingtonpartners.com.

This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.

Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes.

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