Templeton PE on road for EUR 500m CEE-focused fund

Unquote team
09 September 2021

Tweet
Facebook
LinkedIn
Google plus
Send to

Templeton Private Equity Partners (Templeton PE) is in the process of raising a new EUR 500m fund focused on central and eastern Europe, according to two sources familiar with the situation.

The firm is expecting a first close in Q1 next year, the two sources said.

Soft marketing for the fund kicked off during the summer and the fund is currently in talks with CEE-focused international financial institutions (IFI), limited partners from Templeton's global fund, and CEE-based pension funds and insurance companies, the first source said.

Templeton PE, which is part of US fund manager Franklin Templeton, will be looking to select a placement agent by the end of this year, this source added.

The new fund will target mid-market opportunities in Poland, the Czech Republic, Romania, Slovenia, Croatia and export-focused businesses in Turkey, the source continued, adding that the GP has a preference for technology-enabled and scalable businesses.

Templeton PE started fundraising for the new fund in the wake of two successful exits conducted in the EMEA region this year: Polish parcel-locker operator InPost and Turkish e-commerce platform Hepsiburada. In July, Hepsiburada became the first Turkish company to list on Nasdaq, while InPost listed on Euronext Amsterdam in January, raising EUR 3.2bn.

Templeton PE did not respond to a comment request.