Evergreen Funds & ELTIF DatabaseNon-ELTIF · Real Estate · Domiciled in Luxembourg
Franklin BSP Real Estate Debt Fund (Master)
Managed by Franklin Templeton, US. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Franklin BSP Real Estate Debt Fund (Master) is an open-ended SICAV managed by Franklin Templeton, domiciled in Luxembourg and authorised under the UCI Part II framework. It is a Non-ELTIF vehicle, so N/A applies, and it is distributed pan-European to both professional and eligible retail investors from a minimum ticket of 25,000 EUR in its base currency of EUR. The fund launched in 2025 and pursues a debt strategy within real estate, with portfolio exposure spread across . Reported assets stand at .
Liquidity is structured around a monthly subscription cycle and quarterly redemption windows, with dealing supported by monthly valuation. Redemption requests are subject to a notice period of 30 days, and a soft lock-up applies to subscriptions in the period following investment, so secondary access to capital is periodic rather than continuous. Fees comprise a management charge of and a performance component of , both of which can be compared against the vehicles in the same category on this page.
For positioning, the fund is one of 44 real estate vehicles and one of 347 Luxembourg-domiciled vehicles in a database of 494 funds, and one of 31 that combine both characteristics. It is classified Article 6 under SFDR, with no sustainability-related disclosure obligations beyond that baseline, and carries a summary risk indicator of 4. Data shown is as of 31 Aug 2026.
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Fees & costs
- Entry fee
- Redemption fee
- Management fee (retail, low)
- Management fee (retail, high)
- Management fee (institutional, low)
- Management fee (institutional, high)
- Early-investor fee
- Fee basis
- Operating expenses
- Distribution fee
- Total cost ratio
- Performance fee
- Hurdle rate
- High-water mark
Portfolio construction
- Fund-of-funds share
- Primaries share
- Secondaries share
- Directs share
- Co-investments share
- Liquidity pocket
- Europe allocation
- North America allocation
- Asia-Pacific allocation
- Latin America allocation
- Rest-of-world allocation
Terms & scale
- Latest AuM
- Target size
- Target IRR
- Life span
- Redemption gate
- Lock-up penalty
- Leverage limit
- Leverage (AIFMD)
- Share classes
- Master-feeder setup
Key facts
Structure
- Manager
- Franklin Templeton
- Fund type
- Non-ELTIF
- ISIN
- LU3184067232
- Legal structure
- SICAV
- Regulatory regime
- UCI Part II
- ELTIF version
- N/A
- Fund structure
- Open-End
- Inception
- 20 Aug 2025
- Base currency
- EUR
Strategy
- Asset class
- Real Estate
- Strategy
- Debt
- Geographic focus
- North America
Liquidity
- Subscription frequency
- Monthly
- Redemption frequency
- Quarterly
- Notice period
- 30 days
- Soft lock-up
- 12 months
- NAV frequency
- Monthly
Access & distribution
- Investor type
- Both
- Distribution scope
- Pan-European
- Minimum investment
- 25,000 EUR
- SFDR
- Article 6
- Risk indicator (SRI)
- 4 of 7
›Frequently asked questions
- Who manages Franklin BSP Real Estate Debt Fund (Master)?
- Franklin BSP Real Estate Debt Fund (Master) is managed by Franklin Templeton, headquartered in US.
- What is the minimum investment for Franklin BSP Real Estate Debt Fund (Master)?
- The minimum investment is 25,000 EUR. The binding terms are in the fund documents.
- How often can investors redeem?
- Redemptions are quarterly, with a notice period of 30 days.
- What is an evergreen fund?
- An evergreen fund is an open-ended private markets vehicle with no fixed end date: investors subscribe and redeem at recurring intervals instead of committing to a closed fund term.
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 31 Aug 2026.