Investment Products
Private investments and customized investment mandates in emerging markets.
Invest. Impact. Inspire
Sarona invests globally, with deep expertise in emerging markets. Through trusted local partnerships, we target competitive financial returns, strengthen markets and create lasting impact for people and planet.
Our Impact
Investing for Returns and Lasting Impact
Since inception in 2010, we have invested $234M (USD) in 345 SMEs in 42 developing economies.
0
Jobs Created**$0M (AUD)
Investment Manager of Australian government's impact investment program0
Companies Exited**0%
Women Employees in Portfolio Companies***Since inception 2010.
Our Approach to Investment Management
We give equal weight to financial performance and measurable impact, believing each reinforces the other. Our approach is grounded in local knowledge, trusted relationships, rigorous analysis and integrity. We invest through experienced partners and provide technical assistance to strengthen climate resilience, gender equity and governance.
Investment Strategy
- Capturing growth: We invest in the growth-stage companies that serve middle class consumers across emerging markets. The rising middle class drives demand for quality goods and services at affordable prices –in education, healthcare, financial services and consumer goods. Access to these growth sectors is best achieved through private investments.
- Active investing: Sarona endeavors to know all private equity firms in emerging markets, forging partnerships with the best of these firms to actively build profitable, mid-market companies.
- Delivering impact: Sarona works with local private equity partners to change thinking and implement impactful strategies in portfolio companies. Gender equality and climate action are key.
- Low correlation: Investments offer low correlation to developed market equities and are highly diversifying for most portfolios. Sector and geographic diversification hedges against idiosyncratic risks.
- Improved economics: A blend of direct investments and fund investments delivers highly diversified portfolios with a management fee structure that rivals that of traditional private equity funds.
- Investor partnerships: Some Sarona funds have secured partnerships with US DFC, which are designed to boost LP returns
Our Funds
Sarona Global Growth Markets PE Fund 1 LP, closed-end, fully invested
Sarona Global Growth Markets PE Fund 2 LP, closed-end, fully invested
Case Studies
Creating Value in Practice
See how our capital, expertise, and long-term partnerships help businesses scale, create jobs, and generate positive outcomes for communities.
Our Global Markets and Opportunities
Sarona operates across emerging and frontier markets, connecting global investors with local opportunities. We deploy capital and expertise to deliver returns and measurable impact.
From the Blog
Read our featured articles and insights
Turbo Impact Podcast: Serge LeVert-Chiasson on Investing Across Emerging Markets
There’s a lot to talk about when it comes to investing in emerging markets, from where the opportunities are to how capital can help build stronger businesses, markets and communities.
In this episode of Turbo…
Knowledge Center
Research & Publications
2024 Impact Report
Sarona’s impact report highlights progress around the world in gender equity, climate resiliency and community building.
ADI 2025 Performance Report
As the investment manager of the Australian government’s impact investment program (ADI), we are working together to mobilise capital and strengthen markets.
Our partnerships:
