Collateralized fund obligations have quietly become an important fundraising tool for some of the largest managers of secondaries funds.
Last week, Franklin Templeton got in on the act by raising a $1.5 billion CFO, allowing the ****** et manager to issue tranches of rated debt secured against cash flows generated by a pool of private ****** ets it manages.
Structured Solutions 2026, as the CFO is known, gives investors, including registered investment advisers, family offices and insurance companies, exposure to the returns of a diversified portfolio of private equity fund stakes and continuation funds managed by Franklin Templeton's secondary-investing affiliate, Lexington Partners.
A portfolio of US middle-market loans managed by Benefit Street Partners, a direct-lending subsidiary of the $1.8 trillion ****** et manager, is also included in the CFO, according to a statement.
Franklin Templeton did not respond to further questions.
#private #Portfolio
Last week, Franklin Templeton got in on the act by raising a $1.5 billion CFO, allowing the ****** et manager to issue tranches of rated debt secured against cash flows generated by a pool of private ****** ets it manages.
Structured Solutions 2026, as the CFO is known, gives investors, including registered investment advisers, family offices and insurance companies, exposure to the returns of a diversified portfolio of private equity fund stakes and continuation funds managed by Franklin Templeton's secondary-investing affiliate, Lexington Partners.
A portfolio of US middle-market loans managed by Benefit Street Partners, a direct-lending subsidiary of the $1.8 trillion ****** et manager, is also included in the CFO, according to a statement.
Franklin Templeton did not respond to further questions.
#private #Portfolio
2 months ago
