China, India present majority deals for all GPs in Asia but that will change: Ellen Li, Actis

Ellen Li, new Actis's Managing Director, Head of Asia of the Investor Development Group (Photo Source: Internet Archive)

UK-based private equity behemoth Actis has a clear investment strategy: A focus on deals instead of a top-down view on any region or country.

“We are a global emerging market investor; we look across the globe for deals and settle on deals with the best relative risk-adjusted returns. Overall, China and India present a majority deal flow within Asia for all GPs, but that will change for various reasons – it could be driven by political risks, valuation, or competition in the markets,” Actis managing director and head of Asia of the investor development group Ellen Li told DEALSTREETASIA in an interaction.

From a geographic perspective, investors are seeing increasingly congested and competitive processes in developed markets with much of the US and Europe region being priced to perfection. “We look at things through a sector rather than the geographical lens – we see enormous opportunity in Asia in the sectors we focus on,” Li said.

As an investor in asset classes that include private equity, energy, infrastructure, and real estate, Actis increasingly focuses on ‘responsible investing’ that has three main elements: risk mitigation, value creation and license to operate. That, says Li, is the way forward, particularly for the Asian market.

“We have seen capital being raised under an ‘Impact’ banner. We have never self-identified as an Impact investor but as a responsible investor. With 70 years of heritage, we do recognize our responsibility to define and measure the positive impact of our investments. We have created an open-source framework to do just that,” Li added.

In a detailed conversation, Li highlighted what investors globally may be looking at, how the firm is seeing enormous opportunity in Asia in the sectors it focuses on, the exit scenario and the opportunity for larger deals that come with co-investing.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.