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The fund focused on China, India and the former Soviet Union and had been established in 2000 by Mark Mobius. Having reached maturity, it has recently been concentrating on finding attractive exits. The final tally for the $110 million fund is a 24.4% gross internal rate of return, and a return after performance fees of 19.8%.
The fundÆs total disbursements amounted to $246 million, equating to a multiple of 2.2 times initial capital.
Some of the fundÆs highlight investments include Aurobindo Pharmaceutical, a Mumbai-based drug maker on which the fund quadrupled its $11 million investment, and Yaolan, otherwise known as æBabycareÆ which is a mainland Chinese manufacturer of baby food.
A spokesperson from Templeton says MobiusÆ emerging-markets fund team members remain in their seats and are currently handling other Templeton assets. The group currently manages $33 billion.
Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains
Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.
Investors still favour private equity assets for their higher growth, better governance structures, and diversification potential.