Responding to the changing investment landscape, Franklin Templeton over the past five years has shifted more of its investments into private markets and now manages more than $260 billion of alternative assets, reported Miriam Gottfried for The Wall Street Journal.
Franklin Resources’ (Franklin Templeton’s publicly traded parent) market capitalization has shrunk to roughly $13 billion from $35 billion a decade ago, wrote Gottfried. As institutional investors have slowed their investments in the asset manager, Franklin Templeton has turned more to individual investors for capital.
In recent years, Franklin has acquired Clarion Partners, a private real estate investment firm, and Benefit Street Partners, a private credit manager, in addition to other firms. Alternatives now accounted for 18 percent of Franklin Templeton’s assets and 25 percent of management fees at the end of 2023.
To read the full article by Gottfired on how Franklin Templeton is