Emerging markets stalwart Mark Mobius has resurfaced at an India-based company called Equanimity Investments.
Mobius, who announced his retirement from Franklin Templeton earlier this year, will join the group’s investment committee and will actively contribute to investment proposals, directing investments and exit decisions.
Equanimity Investments is a venture capital fund which aims to help clients diversify their portfolios by investing in early-stage businesses.
This is the first investment fund which Mobius has been associated with since his departure from Franklin Templeton in January.
Mobius will also review the overall portfolio on an ongoing basis, as well as being a key investor in the fund.
Commenting on the partnership, Mobius said: 'I am excited about the investment opportunity in the Indian early-stage ecosystem. Equanimity is the ideal partner given the team’s strengths, their focus, credibility and most importantly, their experience.’
Equanimity invests in start-ups, emerging or early stage venture capital undertakings mainly involved in new products, new services and technologies.
Also commenting on the partnership, the firm’s managing partner, Rajesh Sehgal said: ‘Having Mobius as the anchor investor as well as investment committee member takes Equanimity further along its planned path of being the pre-eminent AIF platform in India.’
The departure of Mobius came amid a wide array of changes within Franklin Templeton's EM efforts. Earlier this month Franklin Templeton unveiled new senior EM roles amid the departure of Carlos Hardenberg, who is set to leave the firm in March.