Sign me up now for full access.Subscribe
Take a free trial (including email alerts).Register
Get help from customer service.Inquire

Franklin Officially Forays into Fund of Hedge Fund Arena


 

Franklin Officially Forays into Fund of Hedge Fund Arena
Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.
The San Mateo, Calif-based company completed its acquisition of a majority stake in fund of hedge funds manager K2 Advisors from private equity shop TA Associates. Franklin Templeton will also, beginning in 2016, acquire the remainder of K2 over a multi-year period.
Franklin Templeton said in a press release that K2 Advisors will use the proceeds from the acquisition to purchase all equity currently owned by TA Associates and to retire debt all of K2's debt obligations.
The agreement to acquire was first announced in mid-September.
 

Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.

The San Mateo, Calif-based company completed its acquisition of a majority stake in fund of hedge funds manager K2 Advisors from private equity shop TA Associates. Franklin Templeton will also, beginning in 2016, acquire the remainder of K2 over a multi-year period.

Franklin Templeton said in a press release that K2 Advisors will use the proceeds from the acquisition to purchase all equity currently owned by TA Associates and to retire debt all of K2's debt obligations.

The agreement to acquire was first announced in mid-September.

 


For more information on related topics, visit the following:

Video

Login to read the latest leads
Contact Us
Editor
Jakema Lewis
jakema.lewis@sourcemedia.com
(212) 803-8757
Associate Editor
Michael Giardina
michael.giardina@sourcemedia.com
(212) 803-8596
National Account Manager
Louis Fugazy
louis.fugazy@sourcemedia.com
212.803.8773