WATERLOO, ON and Amsterdam, The Netherlands, Jan. 24, 2012 /CNW/ -
Sarona Asset Management has recently completed commitments into three
funds - a life-focused private equity fund in India and two global
financial services funds.
The Sarona Frontier Markets Fund 1 LP has allocated $2,000,000 to
Ventureast Fund III LP, a private equity fund that invests in small and
mid-market companies in India with a focus on the healthcare, clean
technology and agribusiness sectors. Sarona is very pleased to be able
to participate in Ventureast's strong track record of investing in
solutions to the healthcare needs of the Indian market. Ventureast
manages over $300,000,000 in private equity investments.
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
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.
SOURCE Sarona Asset Management Inc.
For further information:
please visit our website: www.saronafund.com or contact
Managing Partner and CEO
Sarona Asset Management