89 FR 114 pg. 49948 - Franklin Lexington Private Markets Fund and Franklin Templeton Fund Adviser, LLC (f/k/a Legg Mason Partners Fund Advisor, LLC)
Type: NOTICEVolume: 89Number: 114Page: 49948
Page: 49948Docket number: [Investment Company Act Release No. 35214; File No. 812-15545]
FR document: [FR Doc. 2024-12807 Filed 6-11-24; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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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.
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 Secretarys-Office@sec.gov 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 Secretarys-Office@sec.gov.
ADDRESSES:
The Commission: Secretarys-Office@sec.gov. Applicants: Todd Lebo, Esq., c/o Franklin Templeton, Todd.Lebo@franklintempleton.com; Marc DeOliveira, Marc.DeOliveira@franklintempleton.com; Rajib Chanda, Esq., Rajib.Chanda@stblaw.com; David W. Blass, Esq., David.Blass@stblaw.com; Ryan P. Brizek, Esq., Ryan.Brizek@stblaw.com; and Debra Sutter Esq., Debra.Sutter@stblaw.com.
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 http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. 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