Sarona Asset Management commits to Aureos South-East Asia Fund II

by Patrick Adefuye

  • 25 Aug 2011
  • PE

The Canada-based private equity fund of funds manager has made a $3.5mn commitment to the growth-equity fund, which will target and small and mid-sized businesses in countries in South-East Asia including Indonesia, Malaysia, Philippines, Thailand, Vietnam, Laos and Cambodia.

Earlier in the year, Sarona committed €1.25mn to Pera Capital Partners Fund I, a growth equity fund that targets lower-middle market businesses in Turkey with a particular focus on the services, branded consumer goods and light manufacturing sectors.

Sarona, with assets under management of $180mn, has a private equity investing strategy that focuses solely on private equity funds which target small and medium sized businesses in frontier and emerging markets. Investing from its evergreen private equity fund of funds vehicle, Sarona Frontier Markets Fund I, its portfolio of private equity investments also includes AfricInvest II, SEAF India Food & Agriculture Fund, Renewable Energy Asia Fund and MicroVest I and II, through which it has gained exposure to diverse sectors in the Asian, African and eastern-European private equity markets.

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