Notice2026-08572
Franklin Lexington Private Markets Fund, et al.
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
May 4, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 85 (Monday, May 4, 2026)</title>
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[Federal Register Volume 91, Number 85 (Monday, May 4, 2026)]
[Notices]
[Pages 24022-24023]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-08572]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 36133; 812-16003]
Franklin Lexington Private Markets Fund, et al.
April 29, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
18(a)(2), 18(c) and 18(i) of the Act, under sections 6(c) and 23(c) of
the Act for an exemption from rule 23c-3 under the Act, and for an
order pursuant to section 17(d) of the Act and rule 17d-1 under the
Act.
SUMMARY OF APPLICATION: Applicants request an order to permit certain
registered closed-end investment companies to issue multiple classes of
shares and to impose early withdrawal charges and asset-based
distribution and/or service fees.
APPLICANTS: Franklin Lexington Private Markets Fund, Franklin BSP
Lending Fund, Franklin Infrastructure Solutions Fund, Franklin BSP
Private Credit Fund, Clarion Partners Real Estate Income Fund Inc.,
Franklin Templeton Fund Adviser, LLC, Franklin Templeton Private
Markets Adviser, LLC, and Benefit Street Partners L.L.C.
FILING DATES: The application was filed on March 6, 2026, and amended
on March 19, 2026.
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#60330503120514011219134d2f0606090305201305034e070f16"><span class="__cf_email__" data-cfemail="3f6c5a5c4d5a4b5e4d464c12705959565c5a7f4c5a5c11585049">[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. The email
should include the file number referenced above. Hearing requests
should be received by the Commission by 5:30 p.m., Eastern time on May
26, 2026, and should be accompanied by proof of service on the
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.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#2576404657405144575c56086a43434c4640655640460b424a53"><span class="__cf_email__" data-cfemail="31625452435445504348421c7e5757585254714254521f565e47">[email protected]</span></a>. Applicants: Todd
Lebo, Esq., Franklin Templeton, One Madison Avenue, New York, New York
10010, with copies to David W. Blass, Esq., <a href="/cdn-cgi/l/email-protection#c783a6b1aea3e985aba6b4b487b4b3a5aba6b0e9a4a8aa"><span class="__cf_email__" data-cfemail="93d7f2e5faf7bdd1fff2e0e0d3e0e7f1fff2e4bdf0fcfe">[email protected]</span></a>;
Ryan P. Brizek, Esq., <a href="/cdn-cgi/l/email-protection#b1e3c8d0df9ff3c3d8cbd4daf1c2c5d3ddd0c69fd2dedc"><span class="__cf_email__" data-cfemail="5f0d263e31711d2d36253a341f2c2b3d333e28713c3032">[email protected]</span></a>; Steven Grigoriou, Esq.,
<a href="/cdn-cgi/l/email-protection#84d7f0e1f2e1eaaac3f6ede3ebf6edebf1c4f7f0e6e8e5f3aae7ebe9"><span class="__cf_email__" data-cfemail="fdae89988b9893d3ba8f949a928f949288bd8e899f919c8ad39e9290">[email protected]</span></a>; and Debra Sutter, Esq.,
<a href="/cdn-cgi/l/email-protection#c682a3a4b4a7e895b3b2b2a3b486b5b2a4aaa7b1e8a5a9ab"><span class="__cf_email__" data-cfemail="5f1b3a3d2d3e710c2a2b2b3a2d1f2c2b3d333e28713c3032">[email protected]</span></a>, Simpson Thacher & Bartlett LLP.
FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special
Counsel, 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' amended
application, dated
[[Page 24023]]
March 19, 2026, 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="https://www.sec.gov/search-filings">https://www.sec.gov/search-filings</a>. You may also call the SEC's Office of Investor
Education and Assistance at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-08572 Filed 5-1-26; 8:45 am]
BILLING CODE 8011-01-P
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