Alma Capital to acquire two of Franklin Templeton’s K2 UCITS Funds

Effective 13 June 2025, Alma Capital announced it has entered into an agreement with Franklin Templeton under which Alma Capital Investment Management will assume the management of two funds from the Luxembourg-domiciled Franklin Templeton Alternatives Funds range of liquid alternative UCITS. 

As part of this strategic transaction, the acquired funds will join Alma Capital’s dedicated platform for liquid alternative hedge fund UCITS. The Franklin K2 Electron Global UCITS Fund and the Franklin K2 Ellington Mortgage Income UCITS Fund will now be offered as the Alma Electron Global Fund and the Alma Ellington Structured Credit Fund, respectively.

Each of the two funds is backed by a strong global institutional investor base. The funds will further expand Alma Capital’s product offering in liquid alternative and long only strategies, enhancing the firm’s ability to meet the evolving needs of investors.

Alma Capital CEO Henri Vernhes commented: “This transaction reflects our core strategic focus and affirms Alma Capital’s role as a key independent consolidator in the UCITS platform sector. It marks our third successful acquisition in recent years, following the integration of both the Platinum UCITS business from DWS in 2020 and the InRIS alternative UCITS platform from Rothschild & Co in 2021. We are delighted to partner with high-calibre investment managers like Electron and Ellington and bring their strategies to UCITS investors.”

Rob Christian, Head of Absolute Return Portfolio Management at Franklin Templeton Investment Solutions, commented: “We are pleased that the teams at Electron and Ellington will have a partner in Alma Capital to help them further grow their businesses. Our continued investment in their investment capabilities within our multi-manager funds underscores our conviction in their expertise. This agreement allows us to focus on what we do best—managing capital directly for our clients and strategically allocating capital to partners like Electron and Ellington within our multi-manager structures.”

About Alma Capital

Founded in 2006, Alma Capital is an independent asset management company with offices in Luxembourg, London, and Paris. Alma Capital selectively partners with talented independent asset managers from around the world and actively distributes their strategies to European institutional investors in proprietary regulated vehicles. Alma Capital also manages a selection of funds internally, leveraging its in-house investment expertise. Alma Capital’s assets under management or advisory represent roughly $3 billion. Alma Capital Investment Management is mainly owned by its management, with EnTrust Global as a minority shareholder. For more information: https://www.almacapital.com/

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. 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 specialisation on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.57 trillion in assets under management as of 30 May, 2025.

For further information:

Alma Capital Investor Relations Tel: +33 1 56 88 36 61 Email: [email protected]

Franklin Templeton Saira Khan Tel: +44 207 073 8644 Email: [email protected]

 

This press release is intended for discussion purposes only and does not create any legally binding obligations on the part of Alma Capital Investment Management and/or its affiliates (“Alma”). Without limitation, this press release does not constitute investment advice or a recommendation or an offer or solicitation and is not the basis for any contract to purchase or sell any security or other instrument, or for Alma to enter into or arrange any type of transaction as a consequence of any information contained herein. The information contained in this press release is based on material we believe to be reliable; however, we do not represent that it is accurate, current, complete, or error free. Assumptions, estimates and opinions contained in this press release constitute our judgment as of the date of the document and are subject to change without notice.

When making an investment decision, potential investors should rely solely on the final documentation relating to the investment or service and not the information contained herein. The investments or services mentioned herein may not be appropriate for all investors and before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. You should also consider seeking advice from your own advisers in making this assessment. If you decide to enter into a transaction with us you do so in reliance on your own judgment.

Alma shall not be held responsible for any damages or losses resulting from the use of any information contained within this publication, or from any inaccuracies or incompleteness in it. No guarantee of accuracy is given, and no liability is accepted for any errors or omissions. The information in this document may change without notice and should not be used as a basis for investment decisions.