Canadian government commits to Sarona's emerging markets PE fund

Sarona Asset Management, a Canadian private equity firm focused on investing in small and mid-market companies in frontier and emerging markets, has secured at $15 million fund commitment from the Canadian government. The government commitment will act as a first-loss guarantee on Sarona’s investments, with the profits being shared with other investors. One of the firm's recent deals was its 2013 investment in Khyati Foods Ltd, a Mumbai, India-based company that processes organic cotton and soybeans. Sarona has its North American office in Kitchener, Ontario.

ManagersCanadaNorth AmericaBriefs