The fund has also been added to major investment platforms HUB24, Praemium, and Netwealth.
17 November 2025: Franklin Templeton Australia1 is pleased to announce that the Franklin Lexington Private Equity Secondaries Fund has been awarded a ‘Recommended’ rating by Lonsec.
Lonsec cited the manager’s "extensive track record in private equity secondaries and the strength of its global platform" along with a well-resourced investment team, as reasons for the rating.
"We are delighted to receive this second ‘Recommended’ rating demonstrating Lexington's expertise in private equity secondaries investing. It also highlights Franklin Templeton’s ability to offer a broad range of high-quality public and private market opportunities for our wealth clients," Felicity Walsh, Managing Director of Franklin Templeton Australia and New Zealand, said.
The fund offers an accessible way to invest in a diversified portfolio of private equity assets, mainly acquired through secondary transactions and co-investments. By focusing on secondary investments, including both limited partner (LP) and general partner (GP) led deals, it gives investors exposure to a type of asset that was once available only to institutions.
In Lonsec's opinion, the focus on secondaries, particularly LP-led secondaries which involves acquiring LP interests in private equity funds or portfolios, “provides a diversified core exposure to private equity, while allocations to GP-led secondaries and in particular co-investments may increase opportunities for enhanced returns and fee efficiencies.”
"I am also pleased to report that the fund has been added to the major investment platforms HUB24, Praemium, and Netwealth, making this strategy more accessible to a range of wealth advisers and investors," Walsh said.
In its report, Lonsec said that senior members of the Lexington investment team each brought “decades of experience and strong expertise in the highly specialised areas of secondaries and co-investments.”
"The Partners have overseen successful fund raises and investment outcomes across the firm's closed-end flagship funds over an extended period. The Investment Committee ultimately responsible for the Fund are viewed as capable of managing the portfolio, while drawing on the expertise of the broader team," the report said.
It also noted that there are over 80 investment professionals in the Lexington investment team worldwide who are dedicated to private equity and that key person risk was considered low.
"Lexington has a deep and experienced group of Partners, and as such the expertise and intellectual property necessary to manage this Fund is not concentrated to a few select senior staff," Lonsec said.
Footnote:
1. Franklin Templeton Australia Limited (ABN 76 004 835 849, AFSL 240827) (FTAL) is a part of Franklin Resources, Inc. and the Responsible Entity and issuer of the Franklin Lexington Private Equity Secondaries Fund.
-ENDS-
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and A$2.5 trillion in assets under management as of 30 September 2025. For more information, please visit www.franklintempleton.com.au and follow us on LinkedIn, Twitter and Facebook.
About Lexington Partners
Lexington Partners L.P (Lexington Partners) is one of the world’s largest and most successful managers of secondary private equity and co-investment funds. The firm helped pioneer the development of the institutional secondary market over 31 years ago and created one of the first independent, discretionary co-investment programs 27 years ago. Lexington has total capital in excess of US$82 billion (as of August 2025) and has acquired over 5,500 interests through more than 1,300 transactions. Lexington’s global team is strategically located in major centers for private equity and alternative asset investing across North America, Europe, Asia and Latin America. Lexington is the global secondary private equity and co-investments specialist investment manager of Franklin Templeton. Additional information can be found at https://www.franklintempleton.com.au/about-us/specialist-investment-managers/lexington-partners.
Important Legal Information
This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes.
Franklin Templeton Australia Limited (ABN 76 004 835 849, AFSL 240827) (FTAL) is the Responsible Entity and issuer of the Franklin Lexington Private Equity Secondaries Fund. Neither FTAL, 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.
Before making an investment decision you should read the Product Disclosure Statement (PDS) and associated reference documents for the Fund carefully and you need to consider, with the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Further information relating to this Fund and the relevant PDS and associated disclosure documents and Target Market Determination can be found on www.franklintempleton.com.au or by calling 1800 673 776. Please consult your financial advisor before deciding to invest.
Prospective investors must be aware of the potential limitations in connection with their ability to redeem Units in the Fund. Neither the Responsible Entity nor the Investment Manager provide any guarantees concerning the liquidity of the Fund, the ability of an investor to redeem their Units, the value of their Units at redemption or the level of sell spread that may apply to a redemption.
The Responsible Entity considers the risk level of the Fund to be high. An investment in the Fund should not constitute a substantial portion of an investment portfolio and may not be appropriate for all investors. The Fund is designed for investors that have sought professional personal financial advice, have limited need for liquidity and are seeking total returns over the long term through capital appreciation and who are willing to accept fluctuations (sometimes significant) in returns in the short term. The Fund is not suitable for investors who need access to their investment in the short term. Investors should be aware of the limitations on their ability to withdraw from the Fund.
The rating published on 13 October 2025 for Franklin Lexington Private Equity Secondaries Fund (APIR SSB2504AU) is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.