Franklin Templeton launched new private markets model portfolios in collaboration with digital infrastructure platform Corastone. The multi-asset models will invest across Franklin Templeton’s private markets perpetual series and include allocations to private equity, private credit, private real estate and private infrastructure. The private equity portfolio also features access to venture and growth equity strategies, according to George Stephan, chief operating officer, global wealth management alternatives at Franklin Templeton.
Corastone’s Distributed Ledger Technology structure is a key differentiator for these models, Stephan said. For example, he cited that the models will be rebalanced monthly, more frequently than the quarterly rebalancing typically practiced in the industry.
“Corastone’s technology is allowing us to create something that’s different relative to the market today,” Stephan said. “This is an elegant way to offer up our solutions across all of our asset classes in a single-subscription, SMA-style structure, enabling portfolio-level access to private markets. It’s a scalable implementation—it’s in line with how advisors and home offices operate at scale.”
Franklin Templeton Investment Solutions is managing the models on a day-to-day basis.
This announcement comes almost a year after Franklin Templeton launched a multi-asset, multi-manager private markets model on CAIS Models Marketplace. That model featured allocations to private credit, real estate, infrastructure, secondaries and co-investments.
Franklin Templeton signed up to use Corastone last November, along with Apollo Global Management and Morgan Stanley. The firm has been aggressive in building out its private market capabilities in recent years.
