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Franklin Templeton turns toward private investing as mutual-fund biz shrinks

Livemint

Livemint · 1y ago

Franklin Templeton turns toward private investing as mutual-fund biz shrinks

Franklin Templeton, a well-known asset manager, has been making moves into private markets in recent years. The company, traditionally focused on mutual funds, has acquired several private credit and real estate investment firms, aiming to tap into the growing demand for alternative assets. As traditional asset managers face challenges due to the popularity of passive investment options, diversifying into private markets allows Franklin Templeton to access a wider pool of investors. While the shift comes with its own set of challenges, the company believes it can leverage its expertise and distribution capabilities to succeed in this new direction.

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NBFC Varthana secures Rs 159 Cr in debt funding

Entrackr

Entrackr · 6m ago

NBFC Varthana secures Rs 159 Cr in debt funding

Varthana, an education-focused Non-Banking Finance Company (NBFC), has secured a debt investment totaling Rs 159 crore through External Commercial Borrowing (ECB) and Non-Convertible Debentures (NCD) instruments. The combined amount is from three different global investors (including impact investors): BlueEarth Capital, Franklin Templeton Alternative Investments (Franklin Templeton AIF), and ResponsAbility. The total investment includes Rs 69 crore from BlueEarth Capital, Rs 65 crore from ResponsAbility, and Rs 25 crore from Franklin Templeton AIF. Prior to this, the Bengaluru-based company had raised $89.5 million from Omdiyar Network and others. The fresh funds will be utilized to scale the network of affordable private schools across India through innovative and enhanced access to solar and renewable energy solutions in schools, Varthana said in a press release. Co-founded in 2013 by Steve Hardgrave and Brajesh Mishra, Varthana is a non-banking financial company (NBFC) that focuses on providing financial solutions to affordable private schools and students pursuing higher education. The platform offers loans for school infrastructure development, teacher training, and student education. It aims to transform affordable education in India by partnering with schools and students. Steve Hardgrave, CEO of Varthana, said, “Varthana is pleased to partner with Blue Earth Capital, Franklin Templeton AIF, and ResponsAbility in our efforts to drive impactful change in the education sector and make quality education accessible to all across India”. Over the past decade, Varthana claims to have supported over 12,000 affordable private schools and facilitated over 19,000 school loans for school expansion and renovation. With operations across 16 states and union territories, and a network of 40 branches, it also serves schools in tier II and tier III cities, making quality education accessible to underserved communities in India.

Brookfield-controlled Oaktree opens second office in India, hires Franklin Templeton exec

VCCircle

VCCircle · 10m ago

Brookfield-controlled Oaktree opens second office in India, hires Franklin Templeton exec

Oaktree Capital Management, controlled by Brookfield Asset Management, has expanded in India by opening a new office in Hyderabad's HITEC City. The firm appointed Ajay Maddali, formerly with Franklin Templeton, as HR director. This marks Oaktree's second Indian office, following Mumbai, and is part of its global network spanning 22 cities. The move aims to enhance employee development and service quality. Since 2018, Oaktree has invested $4 billion in India's private credit market.

Franklin Templeton marks first close of maiden India credit fund

VCCircle

VCCircle · 8m ago

Franklin Templeton marks first close of maiden India credit fund

Franklin Templeton’s alternative investment arm has announced the first close of its maiden India credit fund, Franklin India Credit AIF – Scheme I, raising Rs 205 crore ($24 million) towards a target corpus of Rs 1,000 crore and an additional Rs 2,000 crore greenshoe option. The fund aims for a 12-13% internal rate of return, investing in secured debt securities through instruments like mezzanine debt, targeting primarily financial services sector companies.

S Naren’s Contrarian Call: Defensive, but bullish on banking & insurance

Money Control

Money Control · 1y ago

S Naren’s Contrarian Call: Defensive, but bullish on banking & insurance

Sankaran Naren, Executive Director and Chief Investment Officer at ICICI Prudential Mutual Fund, discusses the evolution of value investing and his approach to managing the ICICI Prudential Value Discovery Fund. He highlights the importance of flexibility, patience, and considering macro factors in investment decisions. Currently, the fund is defensively positioned, with investments in private-sector banks and insurance companies. Naren also emphasizes the need for caution when investing in leveraged stocks and companies with weak management. He notes that investing in a close-ended fund provides greater flexibility compared to managing an open-ended fund.

Emergence of thematic funds sign of a growing market, say MF CIOs

Money Control

Money Control · 1y ago

Emergence of thematic funds sign of a growing market, say MF CIOs

Mutual Fund CIOs at the Moneycontrol Mutual Fund Summit discussed the changing investment landscape and the emergence of new products. Roshi Jain from HDFC Asset Management emphasized that as the market has grown, it has created niches which fund houses are trying to address. Sanjay Chawla from Baroda BNP Paribas Mutual Fund urged investors to question the durability of emerging themes before investing. Dinesh Balachandran from SBI Mutual Fund stressed on the importance of conviction while launching new NFOs. Ashish Gupta from AXIS Mutual Fund stated the need for broad-based themes that allow active management and provide opportunities to investors.

Amagi raises Rs 805 Cr from anchor investor ahead of IPO

Entrackr

Entrackr · 4d ago

Amagi raises Rs 805 Cr from anchor investor ahead of IPO

Amagi raises Rs 805 Cr from anchor investor ahead of IPO Adtech unicorn Amagi Media Labs has raised Rs 805 crore from anchor investors at the upper price band of Rs 361 per share, ahead of its IPO opening on January 13. According to regulatory filings, Amagi allotted over 2.22 crore equity shares to 42 anchor investors at Rs 361 per share to raise Rs 805 crore. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors. Prominent names in the anchor round include SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, Franklin Templeton, along with global institutions such as Goldman Sachs, Societe Generale, Fidelity, and others. Domestic mutual funds accounted for a sizeable portion of the anchor allocation, underlining strong local institutional confidence. The Bengaluru-based company’s Rs 1,789 crore IPO comprises a fresh issue as well as an offer-for-sale (OFS) by existing investors. Proceeds from the fresh issue will be used to strengthen Amagi’s technology and data stack, expand its global footprint, and pursue strategic acquisitions, while the OFS will provide partial exits to early and late-stage investors. The issue will open for subscription on January 13 and close on January 16. The company has fixed the lot size at 41 shares, translating to a minimum retail investment of around Rs 14,800 at the upper end of the price band. Founded in 2008, Amagi operates a cloud-managed advertising platform focused on connected TV (CTV) and programmatic advertising, enabling brands to run targeted campaigns across streaming platforms. The company derives a majority of its revenue from international markets, particularly the US. On the financial front, Amagi has continued to scale rapidly. For the fiscal year ended March 2025 (FY25), the company reported revenue of around Rs 1,162 crore. During the first half of the ongoing fiscal year (H1FY26), the company posted Rs 706 crore revenue with profits of Rs 6.5 crore. At the upper end of the price band, Amagi is expected to command a post-issue valuation of over Rs 7,800 crore.

SEBI asks mutual funds to stop accepting inflows in ETFs investing overseas

Money Control

Money Control · 1y ago

SEBI asks mutual funds to stop accepting inflows in ETFs investing overseas

The Securities and Exchange Board of India (SEBI) has instructed the Association of Mutual Funds of India (AMFI) to stop accepting investments into funds that invest in overseas ETFs from April 1. This decision follows the mutual fund industry having reached its $7 billion limit for investing in foreign stocks and funds in January 2022. The limit for investing in overseas ETFs is $1 billion, which is close to being reached. As a result, fund houses will be required to halt investments in these funds.

Using SIPs to prepay your home loan: Is it a genius strategy you should try or a gamble you should avoid? - The Economic Times

Economic Times

Economic Times · 4m ago

Using SIPs to prepay your home loan: Is it a genius strategy you should try or a gamble you should avoid? - The Economic Times

An "EMI plus SIP" strategy involves taking a longer home loan tenure and investing the difference in EMIs into mutual funds. Historical data indicates that potential mutual fund gains may surpass loan interest. The strategy depends on investments generating higher returns than the loan's interest rate. Key factors include consistent investing and potential tax deductions, but it carries market risks as investment returns aren't guaranteed to outperform interest rates.

AI startup Blaize raises $106 million in funding

Economic Times

Economic Times · 1y ago

AI startup Blaize raises $106 million in funding

Blaize, an AI computing firm, has secured $106 million in funding from a range of investors including Mercedes-Benz and Temasek. Existing investors such as Bess Ventures, Franklin Templeton, and Denso, as well as new investors Rizvi Traverse, Ava Investors, and BurTech LP, also participated in the funding round. The company, which provides computing solutions for various sectors including automotive, security, and retail, previously raised $224 million. Blaize had announced plans to go public through a SPAC deal with BurTech Acquisition in December. The funding highlights the continued investor interest in the AI sector.

SoftBank looks to balance caution with opportunity amid volatile market as profit shrinks

YourStory

YourStory · 1y ago

SoftBank looks to balance caution with opportunity amid volatile market as profit shrinks

Japanese investment conglomerate SoftBank is exercising caution as it faces market volatility after investing heavily from its Vision Fund. SoftBank's CFO, Yoshimitsu Goto, stated that the company will approach valuations with caution but also sees the current market volatility as an investment opportunity. Goto emphasized the need for a balance between investing in high-growth assets and focusing on shareholder returns. Despite recent stock price drops, Goto drew historical parallels to reassure investors that previous market downturns have led to transformative growth. SoftBank remains committed to its investments in artificial intelligence despite concerns about profitability and valuations.

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