Business
ADDX Partners with Franklin Templeton and Lexington Partners on Secondaries
ADDX, a digital wealth platform based in Singapore, has partnered with Franklin Templeton and Lexington Partners to make private equity secondaries more accessible to individual accredited investors in Singapore. Through the partnership, ADDX will offer access to a globally diversified secondaries strategy, designed for investors seeking long-term capital appreciation and exposure to growth-oriented private market opportunities.
About this update from Franklin Resources, Inc.
[{"type":"text","content":"SINGAPORE, May 5, 2025 /PRNewswire/ -- ADDX, a digital wealth platform based in Singapore, has partnered with Franklin Templeton and Lexington Partners to make private equity secondaries more accessible to individual accredited investors in Singapore. Through the partnership, ADDX will offer access to a globally diversified secondaries strategy, designed for investors seeking long-term capital appreciation and exposure to growth-oriented private market opportunities.","length":471,"tagName":"p"},{"type":"text","content":"Private equity secondaries investing typically involves acquiring existing interests in mature, closed-ended funds. These limited partner-led (LP-led) secondaries often enjoy potential benefits ranging from greater transparency into underlying assets to the potential for earlier liquidity, compared to primary fund investments. In recent years, general partner-led (GP-led) strategies have also gained prominence, providing GPs with tools to extend ownership of high-quality assets while offering optional liquidity to existing investors.","length":539,"tagName":"p"},{"type":"text","content":"Private equity secondaries are often associated with reduced blind pool risk, as capital is invested into more seasoned portfolios. This segment of private equity has grown significantly in recent years, driven by increasing demand for flexible liquidity solutions and more dynamic capital management.","length":301,"tagName":"p"},{"type":"text","content":"Lexington Partners is one of the world's largest and most experienced managers of secondary and co-investment strategies, with over US$76 billion in total capitalisation and more than 31 years in this space. In 2022, Franklin Templeton acquired Lexington as part of its broader effort to expand its alternative asset management capabilities.","length":345,"tagName":"p"},{"type":"text","content":"Inmoo Hwang, Chief Financial Officer of ADDX, said:"We are committed to broadening access to sophisticated private market strategies for accredited investors in Singapore. Secondaries combine diversification and greater transparency; qualities that align well with the goals of our investor base. Partnering with Lexington, a global pioneer in secondaries, alongside Franklin Templeton, is a natural extension of our mission."","length":437,"tagName":"p"},{"type":"text","content"...