Microsoft's Rajiv Kaul to join Actis as partner
06/04/2006. Source: AltAssets.
Emerging markets private equity investor Actis has appointed the former managing director of Microsoft in India, Rajiv Kaul, as partner, based in London.
Paul Fletcher, senior managing partner of Actis, said, 'Rajiv brings to Actis immense experience and understanding of what it takes to build accomplished businesses in emerging markets.
'It will be a great benefit to our portfolio companies to be able to draw on Rajiv's extensive experience in the technology sector. His legacy of success will provide the necessary skills for us to raise our game across Asia,' Fletcher continued.
Kaul added, 'My professional experiences reinforce the premise that today's emerging markets will be super markets of tomorrow. I believe that private equity has a significant role to play in the rapid economic development of countries such as India, China and other emerging markets. Actis's focus on these markets provides me with a perfect platform to continue to build on my strengths and to work with entrepreneurs and corporations in the IT sector, helping them grow rapidly.'
Actis is an independent private equity investor that currently has about $3bn of funds under management.
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