Western Asset Diversified Income Fund Raises $1.0 Billion In Initial Public Offering, Starts Trading On New York Stock Exchange
Amount Raised
$1 Billion
Round Type
Post-IPO Equity
PasadenaFinancial ServicesDescription
Franklin Templeton, one of the world’s largest asset managers, has announced that Western Asset Diversified Income Fund (the "Fund") has raised $1,000,000,000 in its initial public offering (excluding any exercise of the underwriters' option to purchase additional common shares). The Fund’s common shares began trading on Friday, June 25, 2021, on the New York Stock Exchange under the symbol "WDI," and the offering is expected to close on Tuesday, June 29, 2021, subject to customary closing conditions.
Quick answer
Western Asset Management Company raised $1 Billion in a Post-IPO Equity round, dated June 28, 2021. Western Asset Management Company is based in Pasadena, California, United States.
- How much did Western Asset Management Company raise?
- Western Asset Management Company raised $1 Billion in a Post-IPO Equity round on June 28, 2021.
- What does Western Asset Management Company do?
- Western Asset Management Company is a global manager of active fixed-income solutions, delivering long-term fundamental value investment solutions to clients.
- Where is Western Asset Management Company based and how big is it?
- Western Asset Management Company is based in Pasadena, California, United States. Fundz records about 896 employees.
Source: Fundz verified event record.
Who else raised in Financial Services around the same time
Companies in the same sectors as Western Asset Management Company that raised within 45 days of this round, from Fundz verified event records.
- Eruditus Executive Education raised $650M (Funding Round) on August 12, 2021.
- Eruditus Executive Education raised $650M (Funding Round) on August 12, 2021.
- Car IQ raised $15M (Series B) on August 11, 2021.
- Upgrade raised $105M (Series E) on August 11, 2021.
- FalconX raised $210M (Funding Round) on August 10, 2021.
- Moove raised $23M (Series A) on August 9, 2021.
Who to call at Western Asset Management Company, and when
A new round usually means Western Asset Management Company is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Western Asset Management Company raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Western Asset Management Company, from your own LinkedIn network
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Western Asset Management Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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