Tano Capital, LLC Announces Final Closing for the Tano India Private Equity Fund II with Committed Capital of US $111.3 Million

Tano Capital, LLC (Tano Capital), an Asia focused alternative asset management firm, announced today the final closing of the Tano India Private Equity Fund II (“TIPEF-II”) on $111.3 million of committed capital. TIPEF-II is the successor fund to the $100 million Tano India Private Equity Fund I (“TIPEF I”), a 2006-vintage fund that has made direct investments in ten India-based portfolio companies and has realized several successful exits.

Tano Capital was founded in 2004 by Charles E. Johnson, formerly Co-President of Franklin Templeton Investments and CEO of Templeton Worldwide Inc. Tano Capital’s mission is to source and develop innovative alternative investment opportunities in rapidly growing private companies in India and China which leverage directly off of the current consumption driven domestic booms in both markets. Tano also seeks to invest directly in commodities and other hard assets globally. Tano has offices in San Mateo, California; Singapore; Shanghai; and Mumbai. For more information about Tano Capital, please visit its website at www.tanocapital.com .

Charles E. Johnson, Tano Capital’s founder and managing director said, “We are optimistic about the current market environment. There is a lot of uncertainty on the macro front, in particular with respect to Europe and China, and this is creating a solid pipeline of new opportunities for us to review. Globally, valuations have been coming down along with P/E ratios, which is certainly our preferred type of climate to source new investments.”

Mr. Hetal Gandhi, the Mumbai based managing director and co-founder of the Tano Capital affiliate Tano India Advisors added: “We have been through several cycles already in this increasingly volatile macro environment since our founding in 2004, and this one appears to us to be no different. There is a lot of pessimism and uncertainty now, which we have also seen in past cycles; and that generally leads into attractive current deal opportunities. We are very excited to get to work on the Tano India Private Equity Fund II.”

Mr. Carlton Pereira, the other Mumbai based managing director and co-founder of the Tano Capital affiliate Tano India Advisors adds: “We remain excited about the prospects for our Fund I portfolio of investee companies. We have already realized two exits in our Fund I portfolio with attractive returns, and expect to achieve at least a couple more in the current year. Our consistent, team oriented, demonstrated investment process has enabled us to achieve this excellent milestone in a most difficult fund raising environment.”

TIPEF-II’s investment philosophy will remain the same as its predecessor fund, namely focusing on building a diversified portfolio of investments in primarily middle-market, rapidly growing India-based companies. Focus sectors include manufacturing, financial services, healthcare and consumer discretionary.

THESE WRITTEN MATERIALS ARE NOT FOR DISTRIBUTION IN THE UNITED STATES. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THEY ARE REGISTERED UNDER APPLICABLE LAW OR EXEMPTION FROM REGISTRATION. TANO CAPITAL DOES NOT INTEND TO REGISTER ANY PORTION OF THE OFFER IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFER OF SECURITIES IN THE UNITED STATES. NO MONEY, SECURITIES OR OTHER CONSIDERATION IS BEING SOLICITED AND, IF SENT IN RESPONSE TO THE INFORMATION CONTAINED HEREIN, WILL NOT BE ACCEPTED.

Contact:

Tano Capital, LLC
Terry Robacker, +65 9382 9705
trobacker@tanocapital.com