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Managed Fund Since 2024
Alternatives
Franklin Lexington Private Markets Fund
- Deeply experienced and resourced team: One of the most experienced secondary teams globally, led by Lexington's 24 partners who average 18 years together at the firm.
- Focused on long-term growth: Seeks to deliver long-term capital appreciation across various market cycles.
- Simple structure: Allows for monthly subscriptions, quarterly liquidity*, and 1099 reporting.
Total Net Assets
$1.64B
As of 09/30/2025 (Updated Monthly)
Since Inception Total Return
18.16
As of 09/30/2025
* Franklin Templeton intends to recommend that the Fund conduct quarterly tender offers of up to 5% of the Fund’s net assets, subject to the approval of the Fund’s board in its sole discretion. There can be no assurance that the Fund will conduct tender offers in any particular period and shareholders may be unable to tender shares for repurchase for an indefinite period of time.
Overview
Fund Facts
Fund description
Franklin Lexington Private Markets Fund provides simplified access to a diversified portfolio of private equity through secondaries, co-investments, and primaries, designed for investors seeking long-term growth opportunities.
- Fund Inception Date
- 12/20/2024
- Number of Transactions
As of 09/30/2025 (Updated Monthly) - 49
- Number of Interests
As of 09/30/2025 (Updated Monthly) - 140
- Number of Portfolio Companies
As of 09/30/2025 (Updated Monthly) - 1400
Identifiers
- Fund Number
- 7191
- Ticker
- —
- CUSIP Code
- 353767304
Average Annual Total Returns As of 09/30/2025
Class I - Without Sales Charge (NAV)
- —1 Year
- —3 Years
- —5 Years
- —10 Years
- 18.16%Since Inception
12/20/2024
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Asset Allocation
As of 09/30/2025 (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 12/20/2024
- Morningstar Category
- N/A
- Lipper Classification
- N/A
- NAV Frequency
- Monthly
Learn More about this fund
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Why Private Equity
Access NowManager & insights
About the Team
Lexington Partners
Lexington Partners is a leading global alternative investment manager of secondary private equity and co-investment funds.
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Managed Fund Since 2024
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Managed Fund Since 2024
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Managed Fund Since 2024
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Managed Fund Since 2024
Performance
Average Annual Total Returns
As of 09/30/2025
Selected Month September 2025
Class I - Without Sales Charge (NAV) (%)
Month End
As of 09/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Lexington Private Markets Fund | |||
| Case Studies - Franklin Lexington Private Markets Fund | |||
| Flyer - Franklin Lexington Private Markets Fund Estimated Tender Offer Schedule | |||
| Pitchbook - Franklin Lexington Private Markets Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus - Franklin Lexington Private Markets Fund | |||
| Annual Report - Franklin Lexington Private Markets Fund | |||
| Statement of Additional Information - Franklin Lexington Private Markets Fund | |||
| Cover Letter - November Tender Offer | |||
| Franklin Lexington Private Markets Fund Letter of Transmittal | |||
| Franklin Lexington Private Markets Fund Offer To Purchase | |||
| Notice of Withdrawal Form | |||
| Fiscal Q1 Holdings - Franklin Lexington Private Markets Fund | |||
| Fiscal Q3 Holdings - Franklin Lexington Private Markets Fund | |||
| Case Studies - Franklin Lexington Private Markets Fund |
Risks
All investments involve risks, including possible loss of principal. Past performance is no guarantee of future results. Franklin Lexington Private Markets Fund (the "Fund") is subject to a high degree of risk; specific risk considerations are listed below.
Liquidity Risks: The Fund should be viewed as a long-term investment, as it is inherently illiquid and suitable only for investors who can bear the risks associated with the limited liquidity of the Fund. Limited liquidity is provided to shareholders only through the Fund's quarterly repurchase offers for no more than 5% of the Fund's shares outstanding at net asset value. There is no guarantee these repurchases will occur as scheduled, or at all. Shareholders may not be able to sell their shares in the Fund at all or at a favorable price.
Redemptions/Tender Offers: Franklin Templeton intends to recommend that the Fund conduct quarterly tender offers of up to 5% of the Fund's net assets, subject to the approval of the Fund's board in its sole discretion. There can be no assurance that the Fund will conduct tender offers in any particular period and shareholders may be unable to tender any or all shares for repurchase for an indefinite period of time. Shareholders should not expect to be able to sell their shares regardless of how the fund performs.
Private Market Investment Risks: The fund may be able to invest in private securities that are illiquid and thinly traded, which may limit the manager's ability to sell such securities at their fair market value or when necessary to meet the portfolio's liquidity needs. To the extent the fund invests in privately held companies they present certain challenges and involve incremental risks as opposed to investments in public companies, such as dealing with the lack of available information about these companies as well as their general lack of liquidity. There also can be no assurance that companies will list their securities on a securities exchange, as such, the lack of an established, liquid secondary market for some investments may have an adverse effect on the market value of those investments and on an investor's ability to dispose of them at a favorable time or price.
Concentration Risk: An investment should be considered long-term within a multi-asset portfolio and should not be viewed individually as a complete investment program.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.