Franklin Templeton announced the successful closing of its second enterprise technology growth fund. This fund is managed by Franklin Venture Partners, the private investment platform of Franklin Templeton’s Franklin Equity Group.

This fund focuses primarily on mid- to late-stage venture companies in the enterprise technology space that appear well positioned for an initial public offering (IPO). The team’s second fund attracted a mix of investors, including institutions, family offices and high-net-worth individuals.

Franklin Venture Partners, led by Ryan Biggs, James Cross and Robert Stevenson, invests in private companies believed to have a transformative impact across many industries. The team has invested over $3 billion in 95 companies since 2014 and manages private equity funds focused on a growing number of high-growth categories, including industrial, enterprise, aerospace and defense technology.

Franklin Venture Partners is part of the Franklin Equity Group, an active equity manager known for innovation and technology strategies. With over 75 years of experience and over $130 billion in assets, this team offers deep expertise in managing global, U.S. and sector-specific strategies at Franklin Templeton.

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