Is Expected to be Completed Early In The First Calendar Quarter of 2023

Franklin Templeton to Acquire Alcentra from BNY Mellon



Author: Funds Society, Madrid

  1. One of the largest European credit and private debt managers, Alcentra has $38 billion in AUMs with global expertise in senior secured loans, high yield bonds, private credit, structured credit, special situations and multi-strategy credit strategies
  2. Through this acquisition, Franklin Templeton’s U.S. alternative credit specialist investment manager, Benefit Street Partners, will expand its alternative credit capabilities and presence in Europe
  3. Franklin Templeton will pay $350 million in cash at close and up to a further $350 million in contingent consideration dependent on the achievement of certain performance thresholds over the next four years
  4. BNY Mellon and Alcentra will continue distribution and asset servicing relationship