Franklin Templeton Acquires Majority Interest in Apera Asset Management

Franklin Templeton Acquires Apera Asset Management

October 3, 2025

Financial Services

Franklin Templeton (Franklin Resources, Inc.) has completed the acquisition of Apera Asset Management, a pan‑European private credit firm with over €5 billion in AUM. The deal expands Franklin Templeton’s alternative credit capabilities and European footprint, growing its global alternative credit AUM to over $90 billion and total alternative assets to roughly $270 billion as of September 30, 2025.

Franklin Templeton (Franklin Resources) Acquires Putnam Investments from Great-West Lifeco

January 1, 2024

Wealth Management

Franklin Resources, Inc. (operating as Franklin Templeton) completed its acquisition of Putnam Investments from Great-West Lifeco on January 1, 2024. The deal brings complementary asset-management capabilities and increases Franklin Templeton's retirement and insurance-related AUM, while Great-West becomes a long-term shareholder in Franklin Resources.

Franklin Templeton Acquires Alcentra from BNY Mellon

November 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed its acquisition of BNY Alcentra Group Holdings, Inc. (Alcentra) and related U.S. subsidiary Alcentra NY, LLC from The Bank of New York Mellon Corporation on November 1, 2022. The deal expands Franklin Templeton's alternative credit capabilities — integrating Alcentra with its Benefit Street Partners platform and increasing the firm's alternative AUM and presence in Europe and the U.S.

Franklin Templeton Acquires Lexington Partners

April 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed the acquisition of Lexington Partners L.P., a global manager of secondary private equity and co-investments, on April 1, 2022. The deal expands Franklin Templeton's alternative asset capabilities, adding Lexington's approximately $57 billion AUM and a global footprint while preserving Lexington's brand and investment strategy.

BlackRock to Acquire Aperio

November 23, 2020

Financial Services

BlackRock, Inc. entered into a definitive agreement to acquire Aperio Group LLC from Golden Gate Capital and Aperio employees for $1.05 billion in cash. The deal adds Aperio's $36 billion in AUM and tax-optimized, personalized index SMA capabilities to BlackRock's U.S. Wealth Advisory business, with Aperio operating as a separately branded team.

Franklin Templeton Acquires Legg Mason

July 31, 2020

Wealth Management

Franklin Resources (operating as Franklin Templeton) completed its acquisition of Legg Mason, creating one of the world’s largest independent investment managers with roughly $1.4–$1.5 trillion in combined AUM. The all-cash transaction (approximately $4.5 billion) included assumption of about $2 billion of Legg Mason debt; the firms said Legg Mason’s specialist investment affiliates will retain operational autonomy while benefiting from Franklin Templeton’s global platform and distribution.