Businesses:
–    The business model is scalable
–    There is a compelling case that there is large latent/unmet demand for the product/service
–    Competition is underperforming/non-existing and barriers to entry are high
–    Competition for financing a given firm is low (don’t want to enter a bidding war)
–    Strong personal relationships with management
–    Strong balance sheets for financial institutions (diligence their Accounts Receivable and recovery rates)
–    Strong Debt Service Coverage Ratios for mature businesses

Economies:
–    Rapid growth in the urban middle class – rapid demand growth from the latent baseline
–    Large domestic market
–    Rule of law/low corruption (esp. for PPPs)