Industry Newsroom

Templeton Asset Management Leads a Funding Round for Huy Vietnam Group (Asia)

Vietnam-based restaurant operator Huy Vietnam Group has raised US$15 million in a Series C investment round led by Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments. Other investors in the round included private equity firm Welkin Capital, as well as family office Prosperous Alliance. Templeton’s investment in the round was structured through Templeton Strategic Emerging Markets Fund IV, which is managed by Templeton Emerging Markets Group of Templeton Asset Management. Huy Vietnam will use the new funding to support the company's expansion in Ho Chi Minh City, Hanoi and other cities in Vietnam.