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Actis In Review 2010

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welcome<br />

I have always expressed great optimism for the markets<br />

in which <strong>Actis</strong> invests and I continue to do so. I hope<br />

this review gives you some sense of that optimism, and<br />

the enormous opportunities we believe exist for the<br />

long-term investor in emerging markets.<br />

We do not investigate the performance of the portfolio<br />

in this report. You may find that odd, perhaps<br />

irritating. After all, isn’t that a primary measure of<br />

our success as a private equity firm We wanted to use<br />

this report to measure our progress as a company. We<br />

regularly update our investors about the performance<br />

of our portfolio, using a number of different channels.<br />

This report gives us the chance to reach beyond the<br />

figures and explore what makes us tick.<br />

Paul Fletcher<br />

Senior Partner, <strong>Actis</strong><br />

<strong>Actis</strong> – the positive power of capital 1

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