Home Breadcrumb caret Industry News Breadcrumb caret Industry Franklin Templeton to acquire Benefit Street Partners The acquisition is expected to close in 2019 By Staff | October 26, 2018 | Last updated on October 26, 2018 1 min read Franklin Templeton Investments is acquiring Benefit Street Partners L.L.C, an alternative credit manager, the firm said Thursday. Franklin Templeton will use the acquisition to boost its alternative credit offerings and expand its fixed income capabilities, the firm said in a release. Benefit Street Partners (BSP), which manages approximately US$26 billion in assets, uses strategies including private debt, liquid loans, long-short liquid debt and commercial real estate debt to manage funds for institutions, high-net-worth and retail investors, the organization says on its website. Franklin Templeton expects the acquisition to close in the second quarter of 2019. “We’re consistently seeing investors augment their traditional fixed income portfolios with alternative credit to enhance their risk or reward characteristics,” said Jenny Johnson, president and COO of Franklin Templeton, in the release. “BSP brings new alternative solutions within private credit that complement Franklin Templeton’s existing alternatives and fixed income capabilities to meet the evolving needs of our clients.” Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo