Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Few people have been active in emerging markets private equity as long as Jonathon Bond, a Partner and Head of Fundraising at London-based Actis. In a wide-ranging interview with Privcap, Bond details the reasons behind Actis’ deal with the UK government to buy back 40 percent of the firm that the partners did not already own. Bond also discusses why he believes emerging markets private equity is “very much at an inflection point.” He cautions that the increasing popularity of emerging markets among limited partners may be “fueling a future problem” caused by the “unrealistic weight of expectations” about performance. Bond believes that the days of relying on economic growth to drive returns are over. Using India as a case study, he explains why he remains a “long-term bull” on the region but sees a “brutal culling” of Indian GPs in the short term. Finally Bond describes two cases in which Actis bought “trusted, local” brands in specific markets and grew them by expanding to other emerging markets, such as a South African stolen-car recovery system that has been expanded to Brazil. The series is sponsored by Ernst 8 Young. Registered users of Privcap may access this 19-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick
