An Emerging Markets Champion Shifts Focus in Sign of Times

An Emerging Markets Champion Shifts Focus in Sign of Times

Actis became one of the most prominent emerging-market investors with bets on everything from Egyptian snack makers to casual dining in Taiwan. Its future points down a more prosaic path.The firm plans to switch its focus from the traditional private equity model -- buying into undervalued companies and building them up -- to investing in longer-term assets like energy, infrastructure and real estate, according to Senior Partner Torbjorn Caesar. London-based Actis has been meeting with investors in recent weeks to explain the