Franklin Templeton to list $1.7bn of Uzbekistan state assets

Uzbekistan throws open its economy to the world

In a dramatic pivot from decades of economic isolation, Uzbekistan has placed 1.68 billion US dollars worth of state assets into foreign hands. Uzbekistan this week took a bold step toward economic liberalisation with the launch of the National Investment Fund of the Republic of Uzbekistan (UzNIF). The 1.68 billion US dollars fund, which holds minority stakes in 18 of the country’s strategic state-owned enterprises, became fully operational on M…

Franklin Templeton to list $1.7bn of Uzbekistan state assets

Fund manager aims to put central Asian state on global investors’ radar with privatisation drive

Franklin Templeton and Lexington launch $875m PE secondaries fund

Franklin Templeton and Lexington Partners have significantly expanded their global alternatives offering with the creation of a new private equity secondaries fund in Luxembourg with over $875m in assets under management (AUM). The Franklin Lexington PE Secondaries Fund (FLEX-I) is the firms’ first Luxembourg-domiciled fund of its sort, with a focus on international wealth investors. The fund, which is part of the Franklin Lexington Private Mark…