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Franklin Templeton, Asia Alternatives to form private equity firm

Wednesday, September 12, 2018

(Asia Asset Management) - US asset manager Franklin Templeton Investments (Franklin Templeton) is teaming up with Hong Kong-based Asia Alternatives Management to form a private equity joint venture that will focus on offering fund-of-funds.

Franklin Templeton Private Equity (FTPE), which is scheduled to start operating officially in October, will provide investors with “bespoke global private equity fund-of-funds solutions”, Franklin Templeton says in a statement on September 10.

The company adds that it will be the majority shareholder in FTPE while Asia Alternatives Management and members of the joint venture’s management team will hold minority stakes.

The actual shareholding is not disclosed and a Franklin Templeton spokeswoman declines to share the details with Asia Asset Management, saying only that FTPE will “add a dedicated private equity fund-of-funds capability that is distinctly different from the company’s existing private equity capabilities”.



View full announcement here