Sarona raises $150 mln in close of second frontier markets fund
Sarona Asset Management has secured $150 million in the final close of its second private equity fund of funds, Sarona Frontier Markets Fund II. The fund received commitments from a wide number of institutional investors, family offices and high net-worth individuals. Fund II, which is also supported by U.S. and Canadian government agencies, will target returns-generating investments in local private equity funds that back companies in frontier and emerging markets. The fund currently has investments in countries in Africa, Asia and Latin America. Sarona has its headquarters in Kitchener, Ontario, and in Amsterdam, the Netherlands.
15 December 2014•2 mins read
