Sarona closes four rare secondary transactions in Asian and African private equity funds

April 24, 2013

Waterloo Canada – Sarona Asset Management today announced the purchase of limited partnership units in four Asian and African private equity funds from a seller in the secondary market.

Sarona is pleased to be investing in, and building up small/mid-market companies in these regions. The four private equity funds hold investments in 95 private companies, employing 40,000 people (43% women) in Bangladesh, India, Kenya, Sri Lanka, Tanzania and Uganda. The companies provide sustainable goods and services across a broad variety of sectors, including agribusiness, clean energy, education, finance, health, technology, logistics, manufacturing, professional services, retail, tourism and waste management.

These latest investments add to Sarona’s portfolio of private equity funds in frontier and emerging markets, and provide a significant potential boost to the expected return. Like all private equity secondary purchases, they increase visibility on investments made, reduce the expected holding period and Sarona was able to negotiate an attractive discount to NAV.

Sarona Asset Management is a private equity asset management company, investing in frontier and emerging markets around the world. Through its strategy of partnering with local private equity firms to invest in growth stage companies, Sarona is able to help build top-performing companies delivering attractive risk-adjusted returns. Sarona is based in Waterloo, Canada and Amsterdam, The Netherlands.

For further information, please contact:

Gerhard Pries
Managing Partner and CEO
Sarona Asset Management
Vivina Berla
Senior Partner and MD Europe
Sarona Asset Management
+31 20 798 13 10