WATERLOO, ON, Nov. 18, 2011 /CNW/ - Sarona Asset Management and Deer
Isle Capital are pleased to announce that they have entered into a
partnership where Deer Isle will represent Sarona's offerings in North
Sarona Asset Management is a private equity investor, investing in small
and mid-market companies in frontier markets. Sarona invests in sectors
such as housing, agribusiness, education, financial services,
healthcare, information and communications technology and renewable
energy. Sarona's investee companies are market leaders in business
excellence as well as social and environmental values.
Deer Isle Capital is an advisory firm that focuses on growth and
catalyst capital. With an extensive track record in raising capital,
especially for emerging markets, Deer Isle is well positioned to
complement Sarona's offerings.
"Sarona is pleased to work with Deer Isle Capital, a firm whose values
and integrity have enabled it to build a solid track record in the
capital markets," says Gerhard Pries, Managing Partner and CEO of
Sarona. "The Deer Isle team will significantly enhance our presence in
the North American market. We have been very impressed with the
intellectual capital they bring to their work."
Dianna Raedle, CEO and Founder of Deer Isle says "Deer Isle is excited
to be working with Sarona and believes, given their extensive track
record, since 1953, of value investing in emerging and frontier
markets that they are well positioned to continue to lead the market
with a fund of funds product"
Sarona Asset Management is based in Waterloo, ON, and is a co-founder
and/or manager of a number of impact 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.
Deer Isle Capital LLC is based in New York City and has advised and/or
raised over $5 billion in international assets with a focus on emerging
markets since its founding in 2007.
SOURCE Sarona Asset Management Inc.
For further information:
please visit our website: www.saronafund.com or contact
Managing Partner and CEO
Sarona Asset Management