Franklin Funds Dodge Rules to Team Up Investments
Published Date: 5/6/2025
Notice
Summary
Franklin Lexington and its partners want permission to team up and invest together in certain companies, even though current rules usually say no. This change affects several investment funds and could help them work smarter and share opportunities. If no one objects by May 27, 2025, the SEC will likely approve this move, potentially impacting how these funds manage their money.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Funds Seek Permission to Co‑Invest Together
If you invest in the listed Franklin and Benefit Street funds or related affiliated investment entities, those applicants asked the SEC for an order to let certain business development companies (BDCs) and closed-end management investment companies co-invest in the same portfolio companies. The application was filed April 11, 2025 (amended April 24 and April 29, 2025), and the SEC will issue the order unless someone requests a hearing by 5:30 p.m. on May 27, 2025.
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