Franklin Templeton Closes 2nd Enterprise Tech Growth Equity Fund 

Franklin Templeton announced the final closing of its second enterprise technology growth equity fund, which aims to capitalize on mid- to late-stage venture companies that show potential for an initial public offering (IPO). The fund is managed by Franklin Venture Partners, the private investing platform of Franklin Templeton’s Franklin Equity Group. 

The fund, the team’s second vintage, attracted a mix of investors, including institutions, family offices and high net worth individuals. The amount raised was not disclosed. 

“When assessing potential investments, we leverage both public and private market perspectives, which can make us an especially attractive strategic partner to founders who have an ambition to pursue an IPO,” said Ryan Biggs, co-head of Franklin Venture Partners. 

Franklin Venture Partners, led by Biggs, James Cross, and Robert Stevenson, has a track record of identifying and investing in companies they believe will have a transformative impact across multiple industries. Since 2014, the team has deployed more than $3 billion across 95 companies, focusing on high-growth categories such as industrial, enterprise, space, and defense technology. 

Franklin Venture Partners is part of Franklin Equity Group, an active equity manager known for innovation and technology strategies, which manages over $130 billion in assets.