Positive impact through affordable housing, agribusiness, consumer goods, education, financial services, healthcare products and services, information and communications technology, renewable energy investments and water and sanitation investments.
Sarona Asset Management Inc. is a private equity firm that manages investments in frontier and emerging markets around the world. The company was spun out of Mennonite Economic Development Associates Inc. ("MEDA") in 2011 through a management buyout. Sarona's senior partners have a strong history in both private equity and frontier and emerging markets, and are recognized as leaders in the industry.
MEDA was founded in 1953 as a private investment company, making its first investment in the Sarona Dairies in South America. That first investment had a dual objective: solid financial returns and community benefit by providing capital to help build an industry and support the local economy. The Sarona Dairies investment became very successful, spawning a dairy industry that eventually served 70% of Paraguay's national market as well as an export market. Over time, MEDA evolved into a non-profit international economic development institution but also retained its investment management mandate. In 2011 it sold the majority of its investment arm to the company's management team. MEDA retains a 10% ownership in Sarona Asset Management Inc.
Sarona also maintains a wholly-owned subsidiary in Europe named Sarona Asset Management Europe BV incorporated in 2011 under the laws of the Netherlands.