In the mid-1990s, SUN's emerging markets deal flow and investment opportunities significantly exceeded the Group's principal investment activities. As a result, SUN developed a series of specialised private fund/private equity themes and franchises, across three sectors.

Russian private equity (SUN Capital Partners)

Indian venture capital (WestBridge Ventures I, Sequoia Capital India II, Sequoia
   Capital India Growth Fund I and Sequoia Capital India III)

Indian real estate private equity (SUN-Apollo India Real Estate Fund)

The continued volume of attractive investment opportunities in SUN's core markets is leading to a significant scaling up of the Group's private equity investment activities across a series of sectors and geographies, including global emerging markets natural resources, emerging markets infrastructure, emerging markets clean technology and Russian real estate.