Nearly 60 years' private equity experience in frontier and emerging markets
Sarona Asset Management was spun out of MEDA in 2011 through a management buyout. 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.