Sarona Asset Management commits $3.5 million in new impact investments

WATERLOO, ON, May 19 /CNW/ - Sarona Asset Management announced today that its Sarona Frontier Markets Fund I LP has committed US$3,500,000 to two private equity funds: US$2,000,000 to the South Asia Clean Energy Fund and US$1,500,000 to the Fanisi Venture Capital Fund.

With these latest commitments, Sarona is strengthening its support of frontier market small and medium enterprises (SMEs) through its fund managers, in particular within India and East Africa. Sarona's most recent commitments continue its impact investing approach, strengthening communities and the environment with investments in clean energy technology, agribusiness,  financial services, healthcare, education and information and communication technology (ICT). These investments will also solidify Sarona's ability to provide premium rate financial returns to its investors.

"Investments in frontier market SMEs that serve the needs of increasing domestic and regional consumer demand will allow for the growing prosperity, health and wellness of millions within the middle and lower middle classes," said Gerhard Pries, President of Sarona. "Companies that serve their communities and protect the environment are able to financially outperform their peers. We are encouraged by the positive impact of such companies around the world, and are excited to be a part of a society's economic development."

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.

SOURCE Sarona Asset Management Inc.

For further information:

Gerhard Pries
Sarona Asset Management

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Sarona Asset Management Inc.

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