We invest in small and medium enterprises (SMEs) in emerging markets that exhibit promising growth potential. Over the past 20 years, we have partnered with over 300 companies across 22 countries, investing in a broad range of industries. In each of these partnerships, SEAF has responded to the unique capital, technical and managerial needs of our entrepreneurs, creating with them lasting financial and development growth. These relationships share stories about potential, adversity, opportunity, and success, and they highlight the need for, and benefits from SME investing. Below, find a representative selection of profiles on our portfolio companies.
Afghan Growth Finance
A joint venture partnership with Qaderdan Rural Technologies Development Workshop (QRTDW), Quality Management Construction (QMC), and International Home Finance and Development LLC (IHFD) launched a pilot project to design and build five renewable energy systems (wind and solar) for the Afghan National Army facilities just east of Kabul.
Victor Pipe Industries
Victor Pipe Industries (Victor) is Afghanistan’s only metal tubing manufacturer of its kind in the country. The company specializes in the production of quality products, catered to the specifications of each client and at lower costs than similar products imported into Afghanistan.
Central Asia Small Enterprise Fund
Established in May 2004, Business Leasing is one of the first companies in Uzbekistan to provide leasing specifically targeted at SMEs, supporting emerging private businesses that, with access to financing, have the potential to grow into dynamic and profitable companies. Business Leasing focuses on auto and equipment leasing.
SEAF Blue Waters Growth Fund
Victoria Healthcare (Victoria) operates local private medical clinics that meet international standards and provide demand-driven services that fill the gaps of and lessen the load on the public healthcare system. Victoria is widely recognized as one of the best private healthcare providers in the Vietnam and Ho Chi Minh City.
SEAF Sichuan SME Investment Fund
Chengdu Qili Water Treatment designs, assembles and sells equipment that disinfects water by producing and dosing chlorine dioxide, a commonly used disinfection agent. In addition to its equipment and chemical feedstock sales, the company provides customers with expert post-purchase service and maintenance.
Hua Long was a snack foods wholesaler and distributor, buying branded snack foods from regional manufacturers and selling them to leading convenience chains and supermarkets in Sichuan Province. Hua Long’s founder launched Hui Ji in 2001 as an independent snack food producer and manufacturer to capitalize on his unique industry expertise selling other manufacturers’ products.
Central and Eastern Europe
Emerging Europe Capital Partners I
Georgia Regional Development Fund
Piunik Georgia Ltd
Since 2002, West Gold Ltd. has been importing hatching eggs and day-old chicks from Armenia for sale in the Republic of Georgia. In 2008, Piunik’s local partners decided to branch out from West Gold to develop the Georgian poultry operations independent of the larger Armenian parent company.
Rcheuli is geared to meet international standards for service and comfort and is Georgia’s first multi-city hotel chain. To increase international exposure and build occupancy, Rcheuli has participated in tourism exhibitions held annually in Georgia and negotiated sales leads with various local and international tour agencies.
SEAF Croatia / SEAF Central and Eastern Europe Growth Fund
SEAF Central and Eastern Europe Growth Fund / Emerging Europe Capital Partners I
Medifarm is a leading Croatian drug and pharmaceutical products distributor, whose distribution and wholesale include domestically and internationally manufactured medicines, vaccines, lab reagent and test kits, bandages, disinfectants, insecticides and cosmetics. Medifarm’s customers include hospitals, pharmacies, and wholesalers.
In 1992, just a year after Macedonia established its independence, a group of professional, experienced journalists founded Krug as the country’s only newspaper publishing company independent from government influence. Krug became Macedonia’s largest privately owned distribution network for print media.
Founded in June 2000, On.Net is a leading provider of telecoms and broadband services in Macedonia, where it is the second largest internet service provider. Now a subsidiary of Slovenian Telecom, On.Net offers a range of services to residential and corporate clients including internet access, web-hosting services, leased line, Virtual Private Networks, and SMS based applications.
SEAF South Balkan Fund
PC Centar is one of the biggest Serbian ICT and CE distribution companies, engaged in wholesales and corporate sales of personal computers, accessories, peripherals, consumer electronics and home equipment. The company is also engaged in development, sales and implementing of ERP and Web software.
SEAF Trans-Balkan Bulgaria Fund
In 1991, Teletek Electronics launched as an alarm systems installer in Sofia, Bulgaria. Since then Teletek has become the biggest Bulgarian manufacturer specializing in a full range of intruder and fire alarm systems in addition to communication modules and software applications for use in security systems and monitoring centers.
Founded in 2001, Artima Retail Investment Company S.A (Artima) is located in Romania. The company, now a subsidiary of Carrefour, operates as a chain of super markets. The quality, consistency, and diversity of products and services made Artima stores unique in the environments in which they operated.
Incorporated in 1991 in Sofia, Bulgaria, Mercurius now ranks second in Bulgaria’s office supply retail market, holding an 18% market share. In contrast to its competitors, Mercurius is a lean company, operating without retail stores and instead depending on website and catalogue purchases, primarily from corporations and government agencies.
Baltics Small Equity Fund
Fondo Transandino Colombia
Founded in 1996, Agroaromas is a Colombian herb grower and distributor that exports fresh herbs around the world, with its primary market located in the U.S. In 2003, the company partnered with Infinite Herbs as its exclusive distributor to market and distribute herbs in the U.S. Since then, the company has become one of the top three fresh herb distributors in the country.
Founded in 1982, Inmaculada Guadalupe y Amigos en Cia S.A. (Inmaculada) runs Andres Carne de Res, the leading theme restaurant in Colombia and one of Bogotá’s more visited attractions. Beginning as a restaurant that served only five tables, Inmaculada has grown considerably as a restaurant and a popular event location.
Refinancia is a purchaser and manager of non-performing loans and distressed consumer debt portfolios focused on the consumer credit market in Colombia. Since inception, the Company has purchased these distressed consumer debt portfolios from Colombian banks and focused on a commercial-oriented collection strategy.
Latam Growth Fund & Latam Peru Fund
Fondo Transandino Peru
Bosques Amazonicos (Bosques) is a Peruvian sustainable forestry and carbon sequestration company. Founded in 2005, the company has since emerged as a global leader in the development and commercialization of forestry and environmental assets, certified sustainable logging, land management, and carbon dioxide emissions reductions.
Andean Experience (AE) is a Peruvian tour operator and boutique hotel developer. Incorporated in February 2004, AE is a Peruvian company that offers high-end eco-tours to destinations across Peru including the Amazon, the Machu Picchu’s Sacred Valley, the highlands of Cuzco, Peru’s northern beaches, Lake Titicaca and the city of Lima.
Hidroelectrica Santa Cruz
GCZ Ingenieros (GCZ), a Peruvian company with over 20 years of experience in the construction and operation of small hydro power plants, founded Hidroelectrica Santa Cruz (HSC) in 2006. HSC builds and operates small hydro power plants along the Santa Cruz River in Ancash, Perú. HSC’s plants produce run-of-the-river hydroelectricity that uses the natural flow and elevation drop of the Santa Cruz River to temporarily divert portions of the water flow to generate electricity.
SEAF SME Debt Facility & SEAF Global SME Facility
Matras was founded in the 1980s during Poland’s martial law period as an underground distribution network for pamphlets, newspapers and banned books of the pro-democracy group Solidarity. After the dissolution of the communist Polish government in 1989, Matras became a federation of independent regional book wholesalers, transforming it into a fully formal corporation.
Outsourcing S.A.C. (Outsourcing) is a Peruvian logistics company incorporated in 2000. Outsourcing facilitates international business in Perú by providing “tailor-made” logistical support to domestic sellers and international import companies. The integrated services that Outsourcing provides include: transportation and reception of products, inventory storage, preparation of orders and physical distribution