# Franklin Templeton

Franklin Templeton is an Asset Manager based in Toronto (Ontario), United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Toronto (Ontario), United States
- **Region:** North America
- **Address:** San Mateo, CA, United States
- **Founded:** 1947
- **Assets under management:** >$1 trillion (Altss estimate)
- **Website:** franklintempleton.com
- **LinkedIn:** https://www.linkedin.com/company/franklin-templeton-investments

## Regulatory record

- **CRD number:** 111364
- **SEC file number:** 801-58185
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/111364

## About

Franklin Templeton Investments is an SEC-registered investment adviser in Toronto, Ontario, registered since 2000. The firm manages $12.8 billion in assets. It has 193 employees and 28 investment advisers.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Energy Transition & Renewables
- Private Credit
- Real Estate
- Hedge Funds
- Secondaries & Special Situations

## People

- Jenny Johnson — President and Chief Executive Officer

## Questions

### Who runs investment decisions at Franklin Templeton?

There is no single chief investment officer. Each specialist investment manager — Benefit Street Partners, Clarion Partners, Western Asset, Royce, and others — operates with its own independent investment committee and portfolio-management team. Jenny Johnson, as President and CEO, oversees capital allocation across the affiliate structure, but day-to-day investment decisions remain decentralized by design under the multi-boutique model.

### How does Franklin Templeton source proprietary deal flow for its private-markets strategies?

Sourcing varies by affiliate. Benefit Street Partners originates private-credit investments through a network of sponsor relationships, direct corporate outreach, and intermediary channels. Clarion Partners sources real estate acquisitions through regional acquisition teams in major US and European markets. The parent company does not centralize deal origination, preserving the autonomy that the firm believes drives better sourcing outcomes for each specialist team.

### Does Franklin Templeton participate in fund commitments or only direct deals?

Both. The public-markets business is heavily fund-based, including mutual funds, ETFs, and institutional separate accounts. On the alternatives side, affiliates make direct investments — Benefit Street Partners extends direct loans to middle-market companies, and Clarion Partners acquires direct property interests — but the firm also offers fund-of-funds solutions through its alternative-investments platform and manages commingled vehicles across all illiquid strategies.

### What investment stages does Franklin Templeton target in private markets?

The firm does not operate a traditional venture-capital stage ladder. Its private-market exposure is concentrated in mature, cash-flowing assets. Benefit Street Partners targets established middle-market companies for direct lending and distressed debt, while Clarion Partners focuses on stabilized and value-add commercial real estate. Early-stage venture is not a core activity.

### How is Franklin Templeton related to Legg Mason?

Franklin Templeton acquired Legg Mason in a $4.5 billion deal that closed in July 2020. The transaction absorbed Legg Mason's affiliated investment managers — Clarion Partners, Western Asset, Royce Investment Partners, and others — into the Franklin Templeton multi-boutique structure. These affiliates continue to operate under their own brands with distinct investment processes.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/franklin-templeton-investments

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