Templeton fully divests second emerging markets fund

Templeton Strategic Emerging Markets Fund II targeted listed and unlisted companies in the likes of China, India, Russia, South Korea and Central and Eastern Europe. It focused on growth stage investments in the healthcare, consumer and light infrastructure sectors.

A total of 12 investments were completed and each was fully exited within seven-and-a-half years of fund's initial close.

"We are very pleased with the success of our second private equity fund, as it validates our investment strategy and sets the direction for our future endeavors in the alternative asset space," said Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group.

Templeton's first emerging markets fund closed at $110 million in 2000 and delivered a 2.1x return within six-and-a-half years. Its third fund, a $180 million vehicle that reached a final close in 2010, is fully invested and a fourth fund is currently being raised, with a $300 million target. It focuses on China, India, Southeast Asia and Central and Eastern Europe.

Earlier this week, Fund IV acquired a 6.3% stake in Tongda Group Holdings, a Chinese manufacturer of high-precision components used in consumer electronics products.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Performance
• Southeast Asia
• Greater China
• South Asia
• North Asia
• Franklin Templeton
• Emerging Markets
• China
• India
• Southeast Asia
• Asia
• Exit