Templeton Emerging Markets Group announced the exit from all investments held in the Templeton Strategic Emerging Markets Fund II, or TSEMF II. TSEMF II was established in 2005 and is led by Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group. The $132.5M TSEMF II generated a net internal rate of return, or IRR, of 34.3%, and a net multiple of cost, or MoC, of 2.1 times. All 12 investments were fully exited in less than 7.5 years since the Fund's initial close. The Fund made strategic private equity investments in listed and unlisted companies across a variety of sectors throughout global emerging markets such as China, India, Russia, South Korea and Central Eastern Europe. The Fund's investment strategy was focused on growth stage investments that involved adding new capital to companies in healthcare, consumer and light infrastructure.
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- Mark Mobius