Franklin Templeton closes inaugural US$1.5 billion collateralized fund obligation

Franklin Templeton announced the closing of Franklin Templeton Structured Solutions 2026, L.P., raising US$1.5 billion through its first collateralized fund obligation. The vehicle provides exposure to Lexington Partners’ private equity secondaries and continuation vehicles and Benefit Street Partners’ U.S. middle-market direct lending strategies. Franklin Templeton Investment Solutions serves as collateral manager. Evercore acted as structuring adviser and placement agent; Simpson Thacher & Bartlett served as issuer counsel.