Stage 1
Venture capital
Represents investments in early-stage companies with an idea for a new product or service. Private equity firms are essential partners in turning innovative ideas into viable, high-growth businesses.
With a proven track record and an expansive reach across diverse markets, we bring a wealth of expertise and opportunities to our investors, navigating the complexities of the private equity landscape.
US$95 bn
Private equity assets under management
20+
Years investing in private equity
16
Global locations
Data as of 31/03/2026.
The appeal of private equity investing lies in its emphasis on strategic execution, enabling value creation through active management and operational improvements, while also offering access to significant capital resources for targeted investments, fostering growth and innovation within portfolio companies.
Private equity firms excel at executing strategic plans that drive growth and profitability. By leveraging their expertise in operational improvements, market expansion and cost management, they can significantly enhance a company’s value.
Private equity firms focus on active management. This can include restructuring operations, optimising capital structures or making strategic acquisitions, all aimed at increasing the overall enterprise value.
Private equity provides companies with substantial capital that might not be available through traditional financing channels. This capital injection supports growth initiatives, innovation and scaling, ultimately leading to higher potential returns for investors.
Private equity secondaries offer the investor access to the private equity market and may serve as a useful diversification tool to actively rebalance portfolios.

Diversified portfolios by sponsor, fund, sector, strategy, geography, industry, company and vintage year, which can potentially dampen volatility

By acquiring interests in established private investment funds, secondary funds generally receive earlier and more frequent distributions than a traditional primary fund

By purchasing interests in private investment funds when most or all of their capital has been invested, the blind pool risk associated with primary fund investing is reduced

By purchasing assets closer to their harvest stage and at a discount, investors can mitigate the J-curve effect associated with primary fund investing
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As the secondary market becomes larger and more sophisticated, we expect the likely dispersion of outcomes will widen and structural complexity will increase, raising the need for more disciplined underwriting.
Effective liquidity management is crucial for evergreen funds, and this paper delves into the strategic design and dynamic adjusting of liquidity sleeves to balance accessibility of capital and optimal investment performance.
Private equity is at a turning point, with investors and advisors exploring the best ways to allocate across sub-strategies. There is a compelling case for private equity secondaries serving as the cornerstone of a core/satellite evergreen model.
The Franklin Templeton Academy Alternatives program empowers partners to navigate alternative investments confidently. Visit our Franklin Templeton Academy section to find out more information on our alternatives training programs for financial professionals.
Investment risks
Private equity investments involve a high degree of risk and are suitable only for investors who can afford to risk the loss of all or substantially all of such investment. Private equity investments and vehicles that invest in them should be considered illiquid and their performance may be volatile. There can be no assurance that any investment will be adequately compensated for risks taken.
*Blind pool risk is derived from investors in a new (“primary”) private equity vintage that are investing in a relatively blind pool of assets. Secondary investors help eliminate this by investing in identifiable assets.
**The “J-curve” is the term commonly used to describe the trajectory of a private equity fund’s cashflows and returns. An important liquidity implication of the J-curve is the need for investors to manage their own liquidity to ensure they can meet capital calls on the front-end of the J-curve.
Important information
Franklin Templeton Australia Limited (ABN76 004 835 849, AFSL 240827) is the Responsible Entity and/or investment manager of the products included in this website.
Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest. Please read the relevant Product Disclosure Statements (PDSs), and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital.
In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations (TMD) for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.
Past performance is not an indicator nor a guarantee of future performance. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. All investments involve risks, including possible loss of principal.
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