i got to sit down with the founder, bill mcglashan, and asked what he finds to be the biggest challenge: bureaucracy is a problem. they took the british democracy system and amped it up tenfold. you have an enormous bureaucratic infrastructure. it can slow things down and make life more challenging. the bigger problem in india is the rampant corruption. one of modi's for focus is to eliminate that. they are also trying to move china up. it is very hard to do business in an environment where corruption is so endemic. emily: what are you bullish on and what are you hanging back on? bill: we tend to avoid anything to do with government or where bribery and official corruption could be involved. emily: couldn't that be anything? bill: there are sectors that remain quite independent of that. writ large, the consumer. it is an enormous population just now reaching the tipping point of having disposable dollars to spend. we look at the broad derivative consumer environment as being interesting and we look at situations where we can be a partner in helping bring western capability. we can bring

emily: bill mcglashan, founder and managing partner of tpg.ording to fortune, the round is not closed yet and will likely include additional capital from existing investors. they give the amazon competitor so-called unicorn status. coming up, our exclusive interview with bill marist on his mission to improve health and prolong life. that is next. ♪ emily: i am emily chang and mrs. "bloomberg west -- and this is "bloomberg west." the maker of architectural and engineering design software is being targeted by an activist investor. a stake of about 6% in the company and says it thinks the stock is undervalued. investors and regulators put more pressure on volkswagen after the company said it understated the carbon dioxide emissions for 800,000 cars. it was the first full month results since pw admitted to cheating on diesel admissions -- diesel emissions test. kata's problem is more costly. honda will no longer use the airbags in its cars. honda was their biggest customer. honda says they miss right -- misrepresented test results. dropbox says it