Sarona Asset Management Commits US$2 Million to South Asia Clean Energy Fund

Sarona Asset Management, a Waterloo-based manager of impact investment funds, announced that the Saron Frontier Market Fund I LP has committed US $3.5 million to two private equity funds: US$ 2 million to the South Asia Clean Energy Fund; and US $1 million to the Fanisi Venture Capital Fund. Sarona is strengthening its support of frontier market small and medium enterprises (SMEs) through its fund managers, in particular within India and East Africa. It is building its impact investment approach by focusing investment in clean energy technology, agribusiness, financial services, healthcare, education and information and communication technology.