Federal Register #812-16003

SEC Notice: Application for Exemptions for Franklin Lexington Private Markets Fund and Related Entities

This notice from the Securities and Exchange Commission (SEC) concerns an application for regulatory exemptions by several Franklin Templeton-related investment funds and advisers. - Government Buyer: - Securities and Exchange Commission (SEC) - Applicants (not vendors or OEMs): - 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 - Benefit Street Partners L.L.C. - Products/Services Requested: - No products or services are being procured - The application seeks exemptions to allow registered closed-end investment companies to: - Issue multiple classes of shares - Impose early withdrawal charges - Impose asset-based distribution and/or service fees - Unique/Notable Requirements: - The notice is informational and relates to regulatory relief for investment funds - No procurement, purchase quantities, or part numbers are involved - No OEMs or commercial vendors are being solicited

Description

This notice pertains to an application filed under section 6(c) of the Investment Company Act of 1940 requesting exemptions from certain sections of the Act and rules. The applicants seek permission for 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. The application was filed on March 6, 2026, and amended on March 19, 2026. The Securities and Exchange Commission will issue an order unless a hearing is requested by May 26, 2026.

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