08.14.2024

Franklin Templeton Closes Enterprise Tech Growth Equity Fund

08.14.2024
Franklin Templeton Closes Enterprise Tech Growth Equity Fund

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.

Source: Franklin Templeton

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