Notice2024-12807
Franklin Lexington Private Markets Fund and Franklin Templeton Fund Adviser, LLC (f/k/a Legg Mason Partners Fund Advisor, LLC)
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 12, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 114 (Wednesday, June 12, 2024)</title>
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[Federal Register Volume 89, Number 114 (Wednesday, June 12, 2024)]
[Notices]
[Page 49948]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-12807]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35214; File No. 812-15545]
Franklin Lexington Private Markets Fund and Franklin Templeton
Fund Adviser, LLC (f/k/a Legg Mason Partners Fund Advisor, LLC)
June 6, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of application for an order under section 6(c) of the
Investment Company Act of 1940 (the ``Act'') granting an exemption from
section 23(a)(1) of the Act.
SUMMARY OF APPLICATION: Applicants request an order to permit certain
registered closed-end management investment companies and business
development companies (as defined under section 2(a)(48) of the Act) to
pay investment advisory fees (as described in the application) in
shares of their common stock.
APPLICANTS: Franklin Templeton Fund Adviser, LLC (f/k/a Legg Mason
Partners Fund Advisor, LLC) and Franklin Lexington Private Markets
Fund.
FILING DATES: The application was filed on January 31, 2024, and
amended on May 8, 2024.
HEARING OR NOTIFICATION OF HEARING: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may request a hearing on any application by emailing
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#1d4e787e6f78697c6f646e30527b7b747e785d6e787e337a726b"><span class="__cf_email__" data-cfemail="7427111706110015060d07593b12121d1711340711175a131b02">[email protected]</span></a> and serving the
applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on July 1,
2024, and should be accompanied by proof of service on applicants, in
the form of an affidavit or, for lawyers, a certificate of service.
Pursuant to rule 0-5 under the Act, hearing requests should state the
nature of the writer's interest, any facts bearing upon the
desirability of a hearing on the matter, the reason for the request,
and the issues contested. Persons who wish to be notified of a hearing
may request notification by emailing the Commission's Secretary at
<a href="/cdn-cgi/l/email-protection#c390a6a0b1a6b7a2b1bab0ee8ca5a5aaa0a683b0a6a0eda4acb5"><span class="__cf_email__" data-cfemail="c093a5a3b2a5b4a1b2b9b3ed8fa6a6a9a3a580b3a5a3eea7afb6">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#6536000617001104171c16482a03030c0600251600064b020a13"><span class="__cf_email__" data-cfemail="4211272130273623303b316f0d24242b2127023127216c252d34">[email protected]</span></a>. Applicants: Todd
Lebo, Esq., c/o Franklin Templeton, <a href="/cdn-cgi/l/email-protection#1d497279793351787f725d7b6f7c73767174736978706d7178697273337e7270"><span class="__cf_email__" data-cfemail="580c373c3c76143d3a37183e2a3936333431362c3d3528343d2c3736763b3735">[email protected]</span></a>;
Marc DeOliveira, <a href="/cdn-cgi/l/email-protection#410c2033226f05240e2d283724283320012733202f2a2d282f35242c312d24352e2f6f222e2c"><span class="__cf_email__" data-cfemail="7d301c0f1e5339183211140b18140f1c3d1b0f1c13161114130918100d1118091213531e1210">[email protected]</span></a>; Rajib Chanda,
Esq., <a href="/cdn-cgi/l/email-protection#d381b2b9bab1fd90bbb2bdb7b293a0a7b1bfb2a4fdb0bcbe"><span class="__cf_email__" data-cfemail="f7a5969d9e95d9b49f96999396b78483959b9680d994989a">[email protected]</span></a>; David W. Blass, Esq.,
<a href="/cdn-cgi/l/email-protection#397d584f505d177b55584a4a794a4d5b55584e175a5654"><span class="__cf_email__" data-cfemail="672306110e0349250b061414271413050b06104904080a">[email protected]</span></a>; Ryan P. Brizek, Esq., <a href="/cdn-cgi/l/email-protection#e3b19a828dcda1918a998688a39097818f8294cd808c8e"><span class="__cf_email__" data-cfemail="bdefc4dcd393ffcfd4c7d8d6fdcec9dfd1dcca93ded2d0">[email protected]</span></a>;
and Debra Sutter Esq., <a href="/cdn-cgi/l/email-protection#1551707767743b466061617067556661777974623b767a78"><span class="__cf_email__" data-cfemail="77331215051659240203031205370403151b16005914181a">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Laura L. Solomon, Senior Counsel, or
Kyle R. Ahlgren, Branch Chief, at (202) 551-6825 (Division of
Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For applicants' representations, legal
analysis, and conditions, please refer to applicants' amendment no. 1
to the application, dated May 8, 2024, which may be obtained via the
Commission's website by searching for the file number at the top of
this document, or for an applicant using the Company name search field,
on the SEC's EDGAR system.
The SEC's EDGAR system may be searched at <a href="http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. You may also call the SEC's
Public Reference Room at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-12807 Filed 6-11-24; 8:45 am]
BILLING CODE 8011-01-P
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