Press Release
February 26, 2024

Goodwin Advises on Two Asset Management Transactions: Citi and LuminArx Capital Launch of Strategic Private Lending Vehicle, Cinergy; Putnam Investments’ Management Team in Acquisition of Putnam Investments by Franklin Templeton

Goodwin’s Asset Management Transactions team advised on two strategic transactions: Citi in connection with LuminArx Capital’s launch of Cinergy, a strategic private lending vehicle, and the management team of Putnam Investments in the acquisition by Franklin Resources, Inc. [NYSE:BEN] of Putnam Investments from Great-West Lifeco, Inc.

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States.

LuminArx Capital is a global alternative investment manager focused on Special Situations investing with an eye toward providing innovative, flexible, and strategic capital solutions.

Putnam Investments is a global asset management firm.

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries.

The Goodwin team advising Citi was led by Ranan Well. For more details on the transaction, read the press release and coverage in Law360 and Reuters.

The Goodwin team advising the management team of Putnam Investments was led by Tom LaFond. For more details on the transactions, read the press release.

Goodwin’s Asset Management Transactions group is dedicated to advising all different types of industry participants in the full range of asset management and wealth management transactions.