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

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.

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.

Franklin Templeton Acquires Apera Asset Management

October 3, 2025

Financial Services

Franklin Templeton (Franklin Resources, Inc.) has completed its acquisition of Apera Asset Management, a pan‑European private credit manager with over €5 billion AUM. The deal expands Franklin Templeton’s alternative credit capabilities and geographic reach in Europe, growing the firm’s global alternative assets under management to approximately $270 billion.

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 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 O'Shaughnessy Asset Management

September 30, 2021

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) acquired O'Shaughnessy Asset Management (OSAM), a Stamford-based quantitative asset manager and operator of the Canvas custom-indexing platform. The deal brings OSAM's factor-based investing and Canvas custom indexing capabilities — and more than 40 team members — into Franklin Templeton's Product Solutions group to expand its separately managed account (SMA) and customization offerings.