SEAF News Archive - 2012

On December 20, 2012, Small Enterprise Assistance Funds (SEAF) and Globalturk Capital (Globalturk) have announced a partnership to discover and invest in qualified SMEs in Turkey.  The collaboration will focus on companies with strong business models and proven technologies, with goals to adapt their business throughout Turkey and beyond.  The partnership will make use of Globalturk’s experience in Turkey in tandem with SEAF’s global network and 20+ years of investing in emerging markets.

Macedonia 2025 has partnered with Small Enterprise Assistance Funds (SEAF) to launch the SEAF Macedonia II Fund, with an official agreement signed on October 22, 2012 at the Macedonia Global Investment Summit 2012 held in Ohrid, Macedonia.  The fund will focus on small and medium sized enterprises (SME) in the region, providing risk capital financing and technical support to select businesses across a range of industries.

Two SEAF managed funds completed their exit in a Peruvian logistics firm, Outsourcing S.A.C., this July.

SEAF's Caucasus Growth Fund invested USD 6 million in Ioli, a Georgian supermarket chain, in July.

SEAF is set to help sponsor an upcoming entrepreneurial competition in the Netherlands for small-and-medium sized enterprises.

Bilal Sethi highlights Small Enterprise Assistance Funds' (SEAF) mix of capital and technical assistance as key to the development of small and medium enterprises (SMEs) in the MENA region.

SEAF-managed funds sold their shares in a Peruvian hydro-electric power plant operator in February in the country's first strategic exit by a private venture capital company.

Indian government recognizes SEAF India portfolio company Abhay Cotex Private Limited (ACPL) for its agricultural innovation in cotton-seed oil production.

SEAF launched its Caucasus Growth Fund this Spring, the first institutional-quality fund dedicated to providing mezzanine debt and equity capital to small and medium enterprises (SMEs) in Armenia, Azerbaijan, and Georgia.