Franklin Templeton has partnered with iCapital, a leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries through customized fund distribution and servicing solutions. Franklin Templeton will leverage iCapital’s customized technology and service solution for financial advisors and their clients seeking access to Franklin Templeton’s alternative investments offerings, starting with Franklin BSP Capital Corporation (FBCC) and Clarion Partners Real Estate Income Fund Inc. (CPREIF).
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“We share a commitment to bring sophisticated alternative investment opportunities to advisors and their clients to help them meet their financial goals.”
Over the past two years, Franklin Templeton has significantly expanded the breadth and scale of its alternative asset strategies. Today, it has more than $200 billion in aggregate alternative assets under management (AUM) across its specialist investment managers, including private real estate through Clarion Partners, alternative credit through Benefit Street Partners, hedge fund strategies via K2 Advisors, and secondary private equity and co-investments via Lexington Partners. Alternative asset strategies represent a growing share of the investment management industry as high-net-worth investors are allocating more capital across the full spectrum of alternative offerings, making this a key strategic priority for the firm.
“We are focused on connecting investors with our alternative investment expertise in the places and ways that are convenient for them,” said Shane Clifford, Franklin Templeton’s Senior Managing Director of Alternative Strategies. “We offer a comprehensive range of strategies for investors looking to initiate or expand their allocations to alternative asset classes, and we are excited to reach more investors by offering our strategies leveraging iCapital’s digital solution.”
“We are excited to work with Franklin Templeton, a long-standing and significant global investment leader,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital. “We share a commitment to bring sophisticated alternative investment opportunities to advisors and their clients to help them meet their financial goals.”
FBCC is a non-listed business development company that primarily invests in first and second lien senior secured loans to predominantly private U.S. middle-market companies, which are those with annual revenues up to $1 billion. It provides flexible financing solutions across the capital structure and in a variety of industries. Benefit Street Partners is a leading credit-focused alternative asset management firm serving both institutions and high-net-worth investors. It has $39 billion in assets under management as of March 31, 2022.
CPREIF seeks to offer individual investors direct access to a portfolio of privately-held, income-producing, institutional-quality commercial real estate properties through an innovative investment fund driven by the deep real estate expertise of Clarion Partners. With $75.9 billion in total AUM as of March 31, 2022, Clarion has been a leading U.S. real estate investment manager for more than 40 years.