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Franklin Templeton to launch $300m emerging markets fund

20 Mar 2012

California-based investment group Franklin Templeton is understood to be eyeing a $300m fundraising for its fourth private equity fund.

The emerging markets-focused fund will be used to provide growth capital, with a special sub-tranche for Asia split equally between China, India and South East Asia, according to Reuters.

It said the new fund, which is targeting a first close for the end of April, will also look at investments in Central and Eastern Europe following the chaos caused by the sovereign debt crisis.

Templeton’s emerging markets balanced fund set up in 2011 is currently seeing a year to date return at NAV of 14.18 per cent, while its emerging markets small cap fund from 2006 is at 17.83 per cent.

The new fund is believed to have a six-year life span similar to the firm’s Strategic Emerging Markets Fund III, which is fully invested.

SEMF III increased its stake in Shiv-Vani Oil & Gas Exploration Services in November.

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