Evergreen Funds & ELTIF DatabaseNon-ELTIF · Private Equity · Domiciled in Luxembourg
Franklin Lexington PE Secondaries Fund (Flex)
Managed by Franklin Templeton, US. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Franklin Lexington PE Secondaries Fund (Flex) is an open-end SICAV launched by Franklin Templeton in 2025 and domiciled in Luxembourg, where it is authorised under the UCI Part II framework rather than as an ELTIF (Non-ELTIF, N/A). It is one of 117 private equity vehicles domiciled in Luxembourg on the platform, drawn from 347 funds in that jurisdiction and 494 funds covered overall as of 31 Aug 2026. The strategy is secondaries exposure to buyout assets, denominated in USD, with portfolio shown alongside the other 163 private equity funds tracked.
Dealing mechanics follow the evergreen semi-liquid model: subscriptions are accepted monthly, NAV is struck monthly, and redemptions are available quarterly subject to a notice period of 30 days and an initial soft lock-up, so investors should expect queued rather than immediate exit. The entry point is 25,000 USD, placing the fund within reach of both professional and qualified retail channels across its pan-European distribution scope, and the summary risk indicator is 5.
Fees comprise a management charge of and a performance element of , each benchmarked against the 163 private equity funds in the dataset. Reported assets stand at , which positions the vehicle within the 117-fund Luxembourg private equity cohort. The fund is classified Article 8 under SFDR.
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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
- LU3009549364
- Legal structure
- SICAV
- Regulatory regime
- UCI Part II
- ELTIF version
- N/A
- Fund structure
- Open-End
- Inception
- 07 Mar 2025
- Base currency
- USD
Strategy
- Asset class
- Private Equity
- Strategy
- Buyout
- 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 USD
- SFDR
- Article 8
- Risk indicator (SRI)
- 5 of 7
Documents
›Frequently asked questions
- Who manages Franklin Lexington PE Secondaries Fund (Flex)?
- Franklin Lexington PE Secondaries Fund (Flex) is managed by Franklin Templeton, headquartered in US.
- What is the minimum investment for Franklin Lexington PE Secondaries Fund (Flex)?
- The minimum investment is 25,000 USD. 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.