Franklin Resources, which operates as Franklin Templeton
Investments, has agreed to acquire a majority stake in K2
Advisors, an independent fund of hedge funds manager that has
$9.3 billion under management.
In the past two years, more than 20 FoHFs have undergone
some form of merger or acquisition deal, and the momentum is
unlikely to slow down, according to the September issue of
This acquisition will enhance Franklin
Templeton’s alternative investments and
multi-asset solutions platforms. The proceeds of this
acquisition by Franklin Templeton will be used by K2 Advisors
to purchase all of the equity currently held by TA Associates
and to retire all of K2’s debt...