Franklin Templeton completes acquisition of BNY Mellon's Alcentra

$35bn in assets under management

Elliot Gulliver-Needham
clock • 1 min read

Franklin Templeton has today (1 November) completed its acquisition of Alcentra from BNY Mellon.

The acquisition, which was announced earlier this year, sees the purchase of one of the largest European credit and private debt managers with $35bn in assets under management. This move now nearly doubles the AUM of Benefit Street Partners, Franklin Templeton's US alternative credit specialist investment manager, to $75bn, while growing the entire alternative AUM of Franklin Templeton to $260bn. Alcentra was founded in 2002 and has been a subsidiary of BNY Mellon since 2006 as one of its eight investment firms, currently working with more than 500 institutional investors. The firm...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

AstraZeneca CEO mulls moving listing to the US – reports

AstraZeneca CEO mulls moving listing to the US – reports

Latest blow to LSE

Linus Uhlig
clock 02 July 2025 • 1 min read
Evelyn Partners sells fund solutions business to focus on wealth management

Evelyn Partners sells fund solutions business to focus on wealth management

75 staff to move over to Thesis

Patrick Brusnahan
clock 01 July 2025 • 1 min read
BNP Paribas Cardif completes takeover of AXA IM

BNP Paribas Cardif completes takeover of AXA IM

Expecting double digit ROIC by year three

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Trustpilot