Franklin Templeton has added its private equity, private credit and real estate strategies to Euroclear FundsPlace as the asset manager seeks to attract more wealth money.
The firm had previously distributed its mutual funds through Euroclear, but the latest move to add alternative strategies marks part of its broader effort to scale its private markets offering for wealth investors across Europe, the Middle East, Africa and Asia.
The global investment manager, which oversees $1.6tn (£1.2tn) in assets, said the move comes amid growing demand from wealth managers for access to private markets strategies.
By integrating the funds onto Euroclear FundsPlace, the partnership aims to standardise distribution and reduce operational friction and manual processes, enabling broader access for wealth managers, Franklin Templeton said.
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“Partnering with Euroclear FundsPlace allows us to better serve investors by simplifying the path to our private market strategies,” said George Szemere, head of private markets, EMEA wealth at Franklin Templeton. “This collaboration is focused on providing the scale and operational reliability needed to meet the increasing demand for institutional quality private markets solutions globally.”
FundsPlace provides infrastructure that connects distributors across mutual funds, ETFs and alternative funds, supporting nearly €4tn (£3.4tn) in assets.
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The announcement comes as research from GlobalData found that private markets are reshaping global wealth management, with alternative assets becoming a core component of portfolio allocations.
The report found that alternatives have evolved from niche offerings within wealth management portfolios into core allocations, including private credit, infrastructure and real assets.
