Franklin Resources' (BEN) Franklin Templeton and Corastone said Monday they launched private markets model portfolios designed to support financial advisers' access to private market investments through a managed portfolio structure.

Financial terms were not provided.

The companies said the portfolios use a single-subscription structure intended to lower minimum investment requirements and provide diversified exposure across private market assets.

The new products combine Franklin Templeton's investment capabilities with Corastone's technology platform to support functions including subscriptions, portfolio administration, and rebalancing, according to the statement.

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