Franklin Templeton to Acquire Alcentra from BNY Mellon
Transaction will double the size of Benefit Street Partners' assets under management to $77 billion and increase Franklin Templeton's alternative assets under management to $257 billion
BNY Mellon and Alcentra will continue distribution and asset servicing relationship
Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton, and The Bank of New York Mellon Corporation (NYSE:BK) ("BNY Mellon") today announced that Franklin Templeton has entered into a definitive agreement to acquire BNY Alcentra Group Holdings, Inc. (together with its subsidiaries, "Alcentra") from BNY Mellon. One of the largest European credit and private debt manag
