Direct Investment in Asian Markets creates a unique opportunity for the GEMS Funds to provide an alternative source of capital for well-managed and well-positioned companies in need of equity for strategic growth, acquisitions, market expansion or balance sheet restructuring     Asia as High Growth Region. Asia encompasses three of the most vibrant and highest growth economies globally: China, India and Japan; which have an attractive mix of demographics, rising consumer incomes, depth of educated labour and high economic growth. These countries receive the highest priority in our overall investment allocation focus. Combined with improving legal, regulatory, capital markets and corporate governance infrastructures, these economies also offer a much improved exit environment. Local Perspective. Direct investment in this region should be made in conjunction with local leaders of business, finance and industry. Experience has shown that foreign investors gain significant protection when their interests are aligned with those of the local investor or manager. Proven Management Capability. GEMS focuses on backing strong and capable management with industry knowledge. We view the management teams as long-term partners and work to ensure that key managers continue in their roles to build future success. We only invest in companies that have committed quality management. Control. Whilst we have typically taken minority positions, with GEMS III we will participate in control stake opportunities which are management backed, in addition to structured minority stakes. We also ensure good corporate governance, shareholder accountability and investor protection, through negotiated shareholder agreements. Flexibility. GEMS is flexible when considering portfolio investments. We are able to look at investing in private companies as well as listed companies that are not widely held through the use of privately-negotiated instruments, but we will generally not make investments in start-up operations unless they are extensions of existing businesses.