Franklin Templeton has announced that its first Evergreen Private Equity Secondaries Strategy, co-managed with Lexington Partners, has exceeded US$1.2 billion in assets under management. This achievement follows the strategy’s successful launch earlier this year, highlighting strong international demand for private equity secondaries in an evergreen structure. The strategy has attracted investors from regions including Asia Pacific, Europe, the Middle East, Africa, Canada, and Latin America.
Tariq Ahmad, Head of Asia Pacific, noted the significant growth in private market funds in the Asia Pacific region, driven by wealth managers and their clients seeking flexible, long-term investment solutions. “With private markets expected to exceed US$277 billion in assets by the end of 2028, wealth managers are uniquely positioned to harness this momentum,” Ahmad stated.
The strategy is designed for accredited investors and wealth channel clients, offering greater transparency, accessibility, and potential for earlier liquidity. Christian Bucaro, Head of Wealth, Asia, emphasised the collaboration between Lexington’s expertise and Franklin Templeton’s global scale, stating, “We have created a differentiated evergreen strategy that opens up high-quality private market opportunities to wealth investors worldwide.”
The strategy’s launch coincided with a pivotal moment in private equity, as investors sought to navigate allocations across sub-strategies. The availability of evergreen funds has expanded the investment landscape, offering benefits such as flexibility and periodic redemptions. Secondaries, with their portfolio diversification and enhanced liquidity management, are particularly well-suited for evergreen structures.
Franklin Templeton’s Asia Wealth Management team supports distribution partners across Asia, extending beyond traditional investment offerings to include a diverse range of alternative asset capabilities.
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