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Franklin Templeton Expands Evergreen Strategy in EMEA

PE International •
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The $1.8trn asset manager Franklin Templeton aims to grow its evergreen private markets franchise beyond the wealth channel and deeper into EMEA. The firm expects the Europe, Middle East and Africa region to take a bigger share of its wealth management business as it seeks to broaden its client base and further develop its product offerings. George Szemere, head of alternatives EMEA wealth management at Franklin Templeton, told Private Equity International that the region accounts for about one-fifth of the firm’s evergreen business today.