Asset Management

Franklin Templeton turns toward private investing as mutual fund business shrinks

After a string of acquisitions, the firm now manages more than $260bn in alternative assets like private credit

Private markets firms have found advantages in selling themselves to traditional asset managers such as Franklin
Private markets firms have found advantages in selling themselves to traditional asset managers such as Franklin Photo: Jeenah Moon/Getty Images

Franklin Templeton, long known as a big investor in stocks and bonds, has quietly become a major force in private markets.

The 77-year-old asset manager made its name marketing mutual funds for individual investors. Thanks to a recent spate of acquisitions, it now manages more than $260bn in so-called alternative assets such as private credit.

WSJ Logo