On Sept. 10, Franklin Templeton Investments announced a joint venture with Asia Alternatives Management LLC, through which the two companies will launch Franklin Templeton Private Equity (FTPE), a new entity being formed to provide investors with bespoke global private equity fund-of-funds solutions. FTPE will begin operating this month and will be majority owned by Franklin Templeton, with Asia Alternatives and members of the FTPE management team holding minority stakes.
Read more about the joint venture here.
Washington, DC, Corporate partner Kimberly Mann led the Pillsbury team advising Asia Alternatives. Other members of the team include Employment Law partners Paula Weber and Jean Kuei, senior counsel Laura Latham and associate Andrew Lauria; Political Law special counsel Anita Stearns Mayo; and Executive Compensation & Benefits counsel Jessica Lutrin and associate Benjamin Asch.