Firm partners with iCapital® to Offer
Alternative Investments to Qualified Investors
TORONTO, Nov. 22,
2023 /CNW/ - Franklin
Templeton Canada today introduced Clarion Partners' private
real estate investment strategy to Canadian qualified investors,
who will now be able to access this strategy through
iCapital's customized technology and servicing solutions.
Clarion Partners is one of the largest pure-play real estate
investment managers, with 40 years of experience managing assets
through multiple market cycles on behalf of private and public
clients globally. This private real estate offering through Clarion
Partners is part of Franklin
Templeton's US$255 billion
alternatives business, which also includes alternative credit
through Benefit Street Partners, hedge fund strategies via K2
Advisors and secondary private equity and co-investments via
Lexington Partners.
"Franklin Templeton has
significantly expanded the breadth and scale of its alternative
investment capabilities over the past three years," said
Andrew Ashton, Head of Americas (ex-US) Distribution and
Chairman of Franklin Templeton
Canada. "We are excited about expanding our alternative
offerings in Canada and will start
by bringing Clarion Partners' private real estate strategy to the
Canadian market through our partnership with iCapital."
Private real estate can be used as an inflation hedge as it has
historically performed well in periods of inflation as such periods
have spurred rent increases which in turn generate higher cash
flows. Over the past 10 years, adding private real estate has
historically improved risk-adjusted returns when added to an equity
and bond portfolio.1
"Our singular focus on real estate allows us to identify
potential opportunities that others may overlook," said
Dave Gilbert, CEO, Clarion Partners.
"We invest beyond what people typically associate with private real
estate, finding that properties such as multi-family apartments,
industrial warehouses and life sciences facilities represent
attractive investment opportunities."
Private real estate investments seek to offer:
- Durable income and consistent returns, while helping diversify
portfolio risk2
- Attractive yields in today's rate environment2
- Capital appreciation as properties increase in value over time,
driven by property improvements, capital restructuring and/or
capital repositioning, and market rent growth
- Low volatility and less correlation to stocks and
bonds3
iCapital is a leading global fintech company driving
access to alternative investments for the wealth management
industry by providing intuitive end-to-end technology and service
solutions, education tools and resources, robust diligence,
portfolio analytics capabilities and creating access vehicles. Its
solutions enable organizations to streamline and scale their
operational infrastructure for alternative investments and to
provide access to direct investments and feeder funds at lower
minimums through simplified digital workflows. iCapital is also
registered in Canada as an
investment fund manager, portfolio manager and exempt market
dealer. Its mission is to make institutional-quality private
investments more widely accessible to advisors and their clients,
while enabling managers to reach new sources of capital.
About
Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin Templeton and serving clients in over
150 countries. In Canada, the company's subsidiary is Franklin
Templeton Investments Corp., which operates as Franklin Templeton Canada. Franklin Templeton's mission is to help clients
achieve better outcomes through investment management expertise,
wealth management and technology solutions. Through its specialist
investment managers, the company offers specialization on a global
scale, bringing extensive capabilities in fixed income, equity,
alternatives and multi-asset solutions. With more than 1,300
investment professionals, and offices in major financial markets
around the world, the California-based company has over 75 years of
investment experience and over US$1.3
trillion (over CAN$1.8 trillion) in assets under management
as of October 31, 2023. For more
information, please visit franklintempleton.ca and connect
with Franklin Templeton on
Twitter, Facebook and LinkedIn, and read the Beyond
Bulls & Bears blog.
About Clarion Partners
Clarion Partners, LLC, has been a leading real estate investment
manager for over 40 years. Headquartered in New York, the firm maintains strategically
located offices across the United
States and Europe. With
more than US$79 billion in total real
estate and debt assets under management as of September 30, 2023, Clarion Partners offers a
broad range of real estate strategies across the risk/return
spectrum to approximately 500 institutional investors across the
globe. Clarion Partners is an independent subsidiary of
Franklin Templeton. More information about the firm is
available at clarionpartners.com.
1. Clarion Partners Investment Research, NCREIF,
REIT.com, S&P, Bloomberg, 2023Q2. Note: Private Equity
Real Estate Index = NFI-ODCE is used as a performance benchmark for
core real estate (stabilized institutional quality assets). S&P
500 is one of the best presentations of the U.S. stock market.
Bloomberg US Aggregate Bond Index is used to represent
investment-grade bonds being traded in the United States. Risk is measured using
standard deviation of annual total returns. Past performance is not
indicative of future results, and a risk of loss exists. Index
returns do not include managements fees or related fees.
2. Clarion Partners Investment Research, NCREIF,
REIT.com, Bloomberg, REIT.com, 2022Q4. Statements are based on
10-year historical observations for return and risk for
private real estate represented by NFI-ODCE, stocks by the S&P
500 Index, and bonds by the Bloomberg US Aggregate Bond
Index.10-year yield average is based on historical trailing
12-month observations for dividend yield for stocks and publicly
traded REITs, yield-to-worst for bonds and 12-month income for
private real estate. Publicly traded REITs are represented by FTSE
NAREIT All Equity REITs Index.
3. Diversification does not assure a profit or protect
against market loss. All investments involve risk, including loss
of principal, and there is no guarantee that investment objectives
will be met. Past performance is no guarantee of future
results.
Copyright © 2023. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.