Sarona Risk Capital Fund 1 LP
Last updated 12 May 2020, by Impactyield.
Sarona Risk Capital Fund 1 LP provides early stage capital to promising companies in developing countries that have an excellent prospect of financial success and economic benefit to poor communities. The Fund invests side by side with MEDA's Sarona Risk Capital Fund.
Early Stage, Growth Stage, Mezzanine Finance, Secondary, Seed Stage
Yield Targets: Overall gross return, before management fees and expenses, of over 10% p.a.
1) Gross yields on loans of 4%-12%
2) Gains on equity investments at least 20%
1) Max 20% of their total committed capital in any one enterprise.
2) Max 20% of their total committed capital with any one fund manager or family of funds, with the exception of MicroVest and Sarona Frontier Markets Fund, which are each limited to not more than 40% of the total committed capital
3) Max 35% of their total committed capital in any one country.
Investment diversity. The Funds will seek diversity in their portfolio through a balanced exposure to debt and equity, various industries, Varying country.
Deal Size: US$250,000 up to US$2,500,000
Exits: 3-7 years from investment
Seek board role on all equity investments
of track record
the year funded
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 Frontier Markets Fund 1 LP
Key performance indicators
Asset manager: Sarona Asset Management
Product track record: Fund has 16 years of track record
Target IRR: 10%
Committed Capital: 1,847,890 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, Mezzanine Finance, Secondary, Seed Stage
Inception year: 2007
Vintage year: 2007
Target region: Emerging countries
Target close date: n.a.
Product term: 7
Assets under management: 1,847,890 USD (US Dollar)
Investment size: Min: 50,000; Max: 2,500,000; Avg: 131,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 16
Fund investments to date exited or repaid: 5
Management fee: 3%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: 29 HWNI Limited Partners, Mennonite Economic Development Associates
Limited Partner / Investor Type: Family Office
Phone number: 1.519.883.7557
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The Fund will invest in companies that provide solid profit while optimizing the opportunity to create a better life for the bottom 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 bottom 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 bottom 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