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Fund geography
Emerging countries (256) / Africa (127) / Eastern Africa (50)
The Sarona Frontier Markets Fund 1LP is a fund of funds that invests in small to mid-market businesses through private equity managers based in frontier and emerging markets around the world. The Fund seeks to deliver strong risk adjusted rates of return to its investors while employing progressive business strategies with deep ethical, social and environmental values.
Asset class
Fund status
Fund style
Financial description
Fund of funds, investing in local fund managers in frontier and emerging markets that have structured their funds as 7-10 year limited partnerships; have either an industry focus or a geographic focus; are focused on small and mid-sized companies;invest $2million - $20 million in their underlying portfolio companies; can deliver, on average, in excess of 20% IRR to our fund; have a solid investment track record; seek to have a positive economic, social and environmental impact in their markets through their value-add in their portfolio companies
Investment Limits: Max 25% of the Fund’s total assets in any one SME and Max 35% of the Fund’s assets in any one country
Deal Size: Min commitment of US$1,000,000
Minimum contribution: $250,000
Maximum offering size: $250,000,000
Open/closes on January 1st of each year
Investment Limits: Max 25% of the Fund’s total assets in any one SME Entity and Max 35% of the Fund’s assets in any one country
Deal Size: Min commitment of US$1,000,000
Minimum contribution: $100,000
Maximum offering size: $250,000,000
Open/closes on January 1st of each year
14 years
of track record
2010
the year funded
27,000,000 USD
AUM
Interested in this fund?
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Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Sarona Asset Management
Headquarters location: Canada
Other funds managed by this asset manager: Sarona Frontier Markets Fund 2, LPSarona Frontier Markets Fund 3, LPSarona Risk Capital FundSarona Risk Capital Fund 1 LP
Impact Category
Key performance indicators
Fund overview
Asset manager: Sarona Asset Management
Product track record: Fund has 14 years of track record
Target IRR: 11%
Committed Capital: 27,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Canada
Product status: Closed - no longer investing
Style/Stage: Early Stage, Growth Stage, Late Stage
Inception year: 2010
Vintage year: 2010
Target region: Africa, Eastern Africa, Emerging countries
Target close date: n.a.
Product term: In run-off mode
Assets under management: 27,000,000 USD (US Dollar)
Investment size: Min: 1,500,000; Max: 5,000,000; Avg: 2,500,000
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 15
Fund investments to date exited or repaid: 1
Management fee: 1.1%
Carried interest: 10%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: 70 High Net Worth Individuals, Small Foundations and Trusts
Limited Partner / Investor Type: Family Office, Other Institutional Investors, Retail Investors
Contact
E-mail: n.a.
Website: http://www.saronafund.com
Phone number: 1.519.883.7557
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
The Fund invests in companies that provide solid profit while optimizing the opportunity to create a better life for the base of the pyramid communities and a better planet for future generations.
Profit: Companies that strive for solid financial return, business excellence and ethical excellence.
People: Companies that strive for social excellence, including benefit to base of the pyramid communities; that create jobs, employ progressive HR policies, provide employee education and training, pay fairly, provide benefits and share profits; that engage suppliers and vendors from base of the pyramid communities; that provide beneficial goods and services to bottom of the pyramid communities; and that strive for community leadership, actively making the community a better place for all
Planet: Companies that strive for environmental excellence; that use cleaner energy sources; that protect the water, the land, the air and the bio-diversity; that use environmentally friendly suppliers and employ environmentally friendly operating system; and that strive for community leadership, taking an openly leading role in the industry and community.
Impact Management
n.a.