Sarona Asset Management makes several new commitments
Sarona Asset Management has recently completed commitments into two global financial services funds. The MEDA Sarona Risk Capital Fund has committed $1,500,000 to Women’s World Banking (WWB) Isis I LP Fund, and $250,000 to MicroVest+ Plus Fund LP.
WWB’s Isis Fund will invest in microfinance institutions across the globe that have a significant emphasis on servicing female clients, or being governed and managed by women. WWB aims to expand the economic assets, participation and power of low-income women by helping them access financial services, knowledge and markets.
The MicroVest+ Plus Fund will globally invest in low income financial institutions (LIFIs), including those with microfinance offerings. MicroVest facilitates the flow of private capital to LIFIs to help build capital markets serving the entrepreneurial poor at the base of the pyramid while providing market-rate returns to its investors.
Sarona invests in small to mid-market companies that serve the large and growing lower middle class in emerging and developing country markets. These markets have been growing faster than developed countries. Sarona believes investment returns in these markets are further strengthened by a focus on progressive business strategies that target ethical, social, environmental and governance excellence.
Sarona Asset Management is based in Waterloo, Canada, and Amsterdam, The Netherlands. It is a co-founder and/or manager of numerous investment funds, including the Sarona and MicroVest groups of funds. Together, these funds have over $180 million in assets under management in emerging and developing country markets around the world.