Darby closes novel India private equity fund

Financial sponsor Darby raises $127 million for private equity investments in India from rich retail investors using the Franklin Templeton India marketing network.

Darby Asia Investors India, the Indian private equity affiliate of Darby Overseas Investments, has raised a Rs6.3 billion $127 million fund from Indian high-net-worth individuals.

Darby Overseas is the private equity arm of Franklin Templeton Investments. It focuses on emerging markets and has a presence in Asia, Central and Eastern Europe and in Latin America.

Darby Asia worked with Franklin Templeton to raise the commitments for the new fund, which is named Franklin Templeton Private Equity Strategy. FTPES is...

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