Franklin Templeton Completes Acquisition of Alcentra, One of the Largest European Alternative Credit Managers

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Nov 01, 2022

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the completion of its acquisition of BNY Alcentra Group Holdings, Inc. (together with its subsidiaries, “Alcentra”) from The Bank of New York Mellon Corporation (“BNY Mellon”) [NYSE:BK]. Alcentra is one of the largest European credit and private debt managers with $35 billion in assets under management (“AUM”) as of September 30, 2022 and has global expertise in senior secured loans, high yield bonds, private credit, structured credit, special situations and multi-strategy credit strategies.