[Federal Register Volume 89, Number 114 (Wednesday, June 12, 2024)]
[Notices]
[Page 49948]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12807]


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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.

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    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 [email protected] 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 
[email protected].

ADDRESSES: The Commission: [email protected]. Applicants: Todd 
Lebo, Esq., c/o Franklin Templeton, [email protected]; 
Marc DeOliveira, [email protected]; Rajib Chanda, 
Esq., [email protected]; David W. Blass, Esq., 
[email protected]; Ryan P. Brizek, Esq., [email protected]; 
and Debra Sutter Esq., [email protected].

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