Franklin Templeton Closes Second Enterprise Technology Growth Equity Fund

Franklin Templeton has successfully concluded the final closing of its second enterprise technology growth equity fund, managed by Franklin Venture Partners. The fund is focused on mid- to late-stage venture companies in the enterprise technology space, with a specific emphasis on those well-positioned for an IPO. It has garnered interest from a diverse investor base including institutions, family offices, and high net worth individuals.

This fund is the team’s second vintage and aims to identify category-leading businesses with strong commercial traction and best-in-class performance that are likely to become successful public companies. Franklin Venture Partners invests in private companies expected to have a transformative impact across multiple industries, deploying over $3 billion across 95 companies since 2014. The team focuses on high-growth categories such as industrial, enterprise, space, and defense technology. Franklin Templeton, a global investment management organization, operates as Franklin Templeton and serves clients in over 150 countries. With more than 1,500 investment professionals and over $1.6 trillion in assets under management, Franklin Templeton offers extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions. Read the full press release here.