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April 5, 2022

Franklin Templeton finalises takeover of Lexington Partners

Franklin Templeton has wrapped up its acquisition of alternative investment manager Lexington Partners.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The 1.75bn cash deal was first announced by the firm in November last year.

Founded in 1994, New York-headquartered Lexington manages secondary private equity and co-investment funds across the US, Europe, Latin America, and the Asia-Pacific region.

The firm has raised more than $55bn in aggregate commitments from over 1,000 institutional investors, allocating capital across over 4,500 secondary, co-investment and primary interests.

The firm has eight offices in Boston, New York, Menlo Park, Hong Kong, Luxembourg, London, São Paulo and Santiago.

As of 31 March 2022, it managed $57bnin total assets under management (AuM).

Lexington will benefit from Franklin Templeton’s global infrastructure and ongoing investment in technology. The firm will continue to maintain its current brand as well as its differentiated investment strategy.

The addition of Lexington expands Franklin Templeton’s alternative asset strategies with more than $200bn in aggregate alternative assets under management.

The firm currently includes specialist investment managers focused on private real estate through Clarion Partners, alternative credit through Benefit Street Partners, hedge fund strategies through K2 Advisors and secondary private equity and co-investments via Lexington.

This January, Franklin Templeton concluded its previously announced takeover of quantitative asset management firm O’Shaughnessy Asset Management.

Last year, the firm teamed up with SC Ventures, the innovation arm of Standard Chartered, to launch a wealth, health, and lifestyle solution platform in Singapore.

In 2020, the firm finalised the $4.5bn acquisition of rival Legg Mason, creating a $1.4trn investment manager.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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