Portfolio
J.P. Morgan estimates the size of the impact investment opportunity to approach US$1 trillion.
Sarona and its affiliates currently have over US$180M in assets under management.
The world has changed dramatically over the last 50 years.
Since the 1960s, developing country economies have overtaken high income country economies in GDP growth rates. Since the early 1990s the GDP of these developing country economies have been double that of high income countries'. It is our belief this acceleration will continue for the foreseeable future.
Leveraging these macroeconomic trends, Sarona uses its own visionary experience to innovatively capture this opportunity by efficiently investing in those companies serving the base of the pyramid markets that have a strong growth orientation, governance model and community and environmental strategy. It is our belief that these companies will grow faster than their frontier market economies, benefiting an even greater number of people.
Below is a listing of Sarona's currently available funds alongside additional company information. Links to the premium investor pages can be found here but are limited to current investors.
Sarona Frontier Markets Fund 1 LP
As a fund of funds, the Sarona Frontier Markets Fund 1 LP invests private equity and debt in a variety of complementary SME funds. These funds support and enable the vitality of frontier market SMEs in industries as broad as social housing, agribusiness, renewable energy and healthcare, and in countries as diverse as Brazil, India, Mexico and Cameroon. The result is an invaluable combination of improved efficiency and effectiveness in delivering community and environmental impact while achieving strong financial returns. Sarona Frontier Markets Fund (Investor/Private Access)
Portfolio Investments
- Ignia Fund, Mexico, SME multi-sector
- MicroVest I and MicroVest II LP, Global, Microfinance
- AfricInvest II LP, Africa, SME multi-sector
- Renewable Energy Asia Fund, South Asia, Renewable Energy
- SEAF Agribusiness India Fund, India, Agribusiness
- Brazil Plus, Brazil, SME factoring
- ATMT, East Africa, Communications Technology
- SACEF, India, Clean Tech
- Fanisi Venture Capital Fund I LP, East Africa, SME multi-sector
- Pera Capital Fund I LP, Turkey, SME multi-sector
- Aureos South-East Asia Fund II LP, South-East Asia, SME multi-sector
- VenturEast III LP, India, Life Sciences and Cleantech
Sarona Risk Capital Fund and Sarona Risk Capital Fund 1 LP
The Sarona Risk Capital Fund is owned by MEDA and provides early stage capital to promising frontier market companies that are on the precipice of financial success. With the Sarona Risk Capital Fund, Sarona bridges the gap between capital markets and community impact. Using its passion, commitment and expertise to provide investors financial returns, Sarona is able to assist in the economic development of frontier market communities. The Sarona Risk Capital Fund 1 LP is a sister fund to the Sarona Risk Capital Fund and is owned by over 30 private limited partners. Sarona Risk Capital Fund (Investor/Private Access)
Portfolio Investments
- CODIP SA, Paraguay, Agribusiness
- MiCrédito, Nicaragua, Microfinance
- IMON, Tajikistan, Microfinance
- Fonkoze, Haiti, Microfinance
- MicroVest, Global, Microfinance
- MTZ, East Africa, Mobile Financial Services
- MFX Solutions, Global, Microfinance Currency Hedging
- Impact Assets, Global, Impact Investing Platform
- MISFA, Afghanistan, Microfinance
- Banco Solidario, Ecuador, Microfinance
MicroVest Group of Funds
The MicroVest family of funds efficiently connects capital markets to poor entrepreneurs by using debt and equity instruments to effectively fund frontier market microfinance institutions. MicroVest empowers its entrepreneurial clients embracing a market-oriented approach to development across the globe. The creation of CARE USA, MEDA and the Seed Capital Development Fund, three nonprofit organizations with longstanding reputations for excellence in microfinance, MicroVest truly fosters financial access and inclusion at the base of the pyramid. Please visit MicroVest for more information.
Reports
2011 Quarterly Report - Learn from one of the oldest impact investment practitioners in frontier markets. With a rich history spanning almost 60 years in creating business solutions to poverty, Sarona will demonstrate that market oriented impact private equity asset managers have consistently outperformed their peers enabling them to improve the qualify of life in local communities while earning risk adjusted market rates of returns for their investors. »See our quarterly report
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- Sarona Dairies - With its 60th year of operation on the horizon, Sarona continues to build upon its humble yet seminal beginnings, bridging private investment capital with community development and environmental protection »Read More
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- Capabilities Sheet - With our rich and diverse history, we are proud to introduce the Sarona Asset Management team, including members of the Board and advisors. Each member of the team brings to us a myriad of experiences and a knowledge base that is currently unparalleled in the industry. In this sheet, each member of the Sarona team is profiled, a company timeline is presented and the other funds which are currently managed by Sarona Asset Management are also presented »See our capabilities sheet




Q4 2011