Gregg Hymowitz

EnTrust Global Completes Reacquisition of Legg Mason’s Interest

Friday, July 31, 2020 - 10:38pm

EnTrust Global (EnTrust), a leading alternative asset management firm, announced today that it has completed its return to an independent, private company after closing on the previously reported transaction with Franklin Resources, Inc. (NYSE: BEN), pursuant to which it reacquired the 65% interest that Legg Mason, Inc. (NYSE: LM) held in EnTrust.

Key Points: 
  • EnTrust Global (EnTrust), a leading alternative asset management firm, announced today that it has completed its return to an independent, private company after closing on the previously reported transaction with Franklin Resources, Inc. (NYSE: BEN), pursuant to which it reacquired the 65% interest that Legg Mason, Inc. (NYSE: LM) held in EnTrust.
  • EnTrust has also raised more than $400 million for its Blue Sky strategy, which launched in April for investment in the global aviation industry.
  • EnTrust Global is a leading alternative asset management firm with $18.2 billion in total assets* as of June 30, 2020.
  • EnTrust Global offers a diverse range of alternative investment opportunities across strategies, including private debt and real assets as well as core hedge funds and co-investments.