The asset manager targets a 30% margin in Q4 while projecting significant growth in private markets fundraising.
Franklin Templeton expects to raise approximately $40 billion in private markets by fiscal 2026, according to management commentary. The firm also aims for a 30% margin in the fourth quarter of the fiscal year.
The projection follows recent fundraising efforts and aligns with the firm’s strategy to expand its alternative investments portfolio. Prior quarters saw steady inflows, though private markets fundraising has faced headwinds from macroeconomic uncertainty.
No immediate market reaction was detailed in the source.