Launches & Closures

Terra Partners’ Bangladesh fund is shuttered

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Terra Partners Group, a Prague-headquartered frontier market specialist and activist investor, has shuttered its absolute return, equity-focused Terra Bangladesh Fund.

Craig Stanley, the managing director at Terra Partners, says that as early as August last year, Terra started returning money from the structure to investors after the group decided that “deep value” opportunities have become more difficult to identify in the market.

The fund, which reached its peak assets of around $33 million in 2007, was down to $5 million two months ago and had returned the remaining cash to investors by early February.

For a similar reason, the group is