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Franklin Buys An Alt Credit Specialist For $683MM Up Front

FYI: Greg Johnson and Co are doing another deal, this time more
than doubling their alternatives AUM.
Yesterday Johnson, chairman and CEO of Franklin Templeton
[profile] parent Franklin Resources, confirmed that the San
Mateo, California-based asset manager has agreed to acquire New
York City-based Benefit Street Partners. Ten-year-old BSP
has about $26 billion in AUM, specializes in alternative credit,
and is backed by Providence Equity Partners
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=58808&wireid=2
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