Franklin Expands into Retail Alts with $700M Deal

Franklin Templeton’s purchase of a $38 billion credit and private debt manager will help the firm expand its alternatives offerings for retail investors, the company says. “As they build out alternatives, they build out for both the retail and institutional side,” said Cindy Zarker, director of relationship development at FUSE Research. “They see increasing demand from the institutional side; intermediary partners are interested in building out offerings globally. It’s both retail and institutional.”

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Article published on June 1, 2022