Sarona Asset Management and Deer Isle Capital have entered into a partnership where Deer Isle will represent Sarona’s offerings in North America, the two firms said Friday.
Sarona Asset Management is based in Waterloo, Ont., and is a co-founder and/or manager of a number of impact investment funds, including the Sarona and MicroVest groups of funds. Together, these funds have over $180 million in assets under management in emerging and developing country markets around
Sarona invests in sectors such as housing, agribusiness, education, financial services, healthcare, information and communications technology and renewable energy. Sarona’s investee companies are market leaders in business excellence as well as social and environmental values.
New York City-based Deer Isle Capital is an advisory firm that focuses on growth and catalyst capital. With an extensive track record in raising capital, especially for emerging markets, Deer Isle is well positioned to complement Sarona’s offerings. The firm has advised and/or raised over $5 billion in international assets with a focus on emerging markets since its founding in 2007.
“Sarona is pleased to work with Deer Isle Capital, a firm whose values and integrity have enabled it to build a solid track record in the capital markets,” says Gerhard Pries, managing partner and CEO of Sarona. “The Deer Isle team will significantly enhance our presence in the North American market. We have been very impressed with the intellectual capital they bring to their work.”