Firm partners with iCapital® to Offer
Alternative Investments to Canadian Qualified
Investors
TORONTO, July 31,
2024 /CNW/ - Franklin Templeton Canada today
introduced Benefit Street Partners' private credit investment
strategy to Canadian qualified investors, accessible through
iCapital's customized technology and servicing solutions.
The Benefit Street Partners-Alcentra platform is one of the
largest alternative credit managers globally with more than
US$74 billion* in assets under
management and an over 15-year track record of investing in private
credit markets. Benefit Street Partners utilizes a multi-strategy
approach to target attractive opportunities in the global credit
markets and a discerning approach to deal selection.
Benefit Street Partners is part of Franklin Templeton's US$256 billion* alternatives business, which also
includes private real estate through Clarion Partners, hedge fund
strategies via K2 Advisors and secondary private equity and
co-investments through Lexington Partners.
"Private credit has long been an important investment for
institutional investors due to its attractive yields and
diversification benefits," said Dennis
Tew, Head of Sales, Franklin Templeton
Canada. "As we continue to bring our best alternative
investment capabilities to the Canadian market, we are now offering
Benefit Street Partners' private credit strategy to Canadian
qualified investors through our strategic partnership with
iCapital."
Benefit Street Partners offers a broad spectrum of investment
capabilities across private credit, special situations, structured
credit and commercial real estate credit. Its private credit
expertise includes:
- Scaled and integrated platform, supported by a large
team of credit professionals that have investment expertise across
the credit spectrum
- Demonstrated credit discipline emphasizing downside risk
management and a focus on underwriting each credit on a
deal-by-deal basis
- Investment expertise across the credit spectrum that
provides flexibility to invest across the capital structure in an
effort to capture the best risk-adjusted returns
Richard Byrne, President,
Benefit Street Partners, added: "Our multi-strategy approach
combines the best private credit opportunities, giving investors
access to high-conviction ideas spanning the credit spectrum.
Drawing upon our extensive investment experience through diverse
market conditions, we aim to deliver attractive risk-adjusted
returns while providing consistent current income."
About Franklin
Templeton
Franklin Resources, Inc. [NYSE:BEN] is a
global investment management organization with subsidiaries
operating as Franklin Templeton and serving clients in
over 150 countries. In Canada, the
company's subsidiary is Franklin Templeton Investments Corp., which
operates as Franklin Templeton Canada. Franklin
Templeton's mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company offers specialization on a global scale, bringing
extensive capabilities in fixed income, equity, alternatives and
multi-asset solutions. With more than 1,500 investment
professionals, and offices in major financial markets around the
world, the California-based company has over 75 years of
investment experience and over US$1.6 trillion (over
CDN$2.2 trillion) in assets under
management as of June 30, 2024. For
more information, please visit franklintempleton.ca and
connect with Franklin Templeton on
LinkedIn, X and Facebook
About Benefit Street Partners-Alcentra
Benefit Street
Partners-Alcentra is a leading global alternative credit asset
manager offering clients investment solutions across a broad range
of complementary credit strategies, including direct lending,
special situations, structured credit, high yield bonds, leveraged
loans and commercial real estate debt. As of March 31, 2024, Benefit Street Partners-Alcentra
has $74 billion of assets under
management, with over 460 employees operating across North America, Europe and Asia
Pacific. Benefit Street Partners-Alcentra is a wholly owned
subsidiary of Franklin Templeton.
More information about the firm is available
at benefitstreetpartners.com.
About iCapital
iCapital is a leading global
fintech company driving access to alternative investments for the
wealth management industry by providing intuitive end-to-end
technology and service solutions, education tools and resources,
robust diligence, portfolio analytics capabilities and creating
access vehicles. Its solutions enable organizations to streamline
and scale their operational infrastructure for alternative
investments and to provide access to direct investments and feeder
funds at lower minimums through simplified digital workflows. The
firm is also registered in Canada
as an investment fund manager, portfolio manager and exempt market
dealer. Its mission is to make institutional-quality private
investments more widely accessible to advisors and their clients,
while enabling managers to reach new sources of capital.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any
securities. Diversification does not assure a profit or
protect against market loss. All investments involve risk,
including loss of principal, and there is no guarantee that
investment objectives will be met. Past performance is not a
guarantee of future results.
*As of March 31, 2024
Copyright © 2024. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.