Sarona is a private investment firm, which takes equity positions via a fund-of-funds model in growth-stage companies in high-growth countries across Frontier and Emerging markets. Sarona is a young company, with a rich history of being a pioneer in impact investing. We trace our roots back to 1953, when a group of business owners formed, the Mennonite Economic Development Associates (MEDA) to invest in the Sarona Dairy Farm in Paraguay. Through our primary strategy of investing in local funds, we seek to build companies that deliver high risk-adjusted returns, while promoting positive ethical, social, and environmental values. We aim to carefully select only those local fund managers, who are able to demonstrate that they add real strategic and operational value to the companies that they invest in. We believe that small to mid-market companies, in their expansion stage, represent one of the best risk-adjusted opportunities within these fast growing markets. Since it is extremely difficult to capitalize on these opportunities without a local presence, we adopted a fund-of-fund investment model. The fund-of-fund investment model enables us to focus on cultivating lasting relationships � built on mutual trust and respect � with experienced local fund managers, who are able to navigate the complex realities of their home markets. As of 1 January 2017, we managed $200mm. Sarona Frontier Markets Fund I and Sarona Frontier Markets Fund II remain committed to a combination of primary and secondary funds and direct co-investments. We also advise MEDA on a small number of direct loans and equity investments. With the right partners and strategy, growing highly successful and profitable companies can have a significant developmental impact. This is what drives us: building a diversified portfolio of funds and companies to deliver Growth that Matters.
