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Fund of Funds

Sarona Asset Management

Sarona Asset Management invests in other funds rather than directly in companies, from Kitchener, Canada. It states a focus on consumer & retail, healthcare & life sciences, software & internet and industrials & manufacturing.

Disclosed holdings181
Earliest stated investment
HeadquartersKitchener, Canada
Largest single fundNot stated

Stated investment criteria

What Sarona Asset Management says it buys

Read from Sarona Asset Management’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth1
People listed on its team page212

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Sarona Asset Management to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Sarona Asset Management is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$363m
Employees27
Private funds advised3 · $212m gross
SEC adviser numberCRD 160963

Portfolio

Disclosed holdings

Companies Sarona Asset Management lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
2Go Group Inc.
ABA
AGH - EXITED
AKDITAL
Acceso Corp S.A.
Access Bank Africa Tanzania Microvest Ii
Acercasa
Adumo (Crossfin Apis Transactional Solutions)
Africa Lifestyle Limited (Screes Limited)
Ambar
Arnur Credit LLP - EXITED
Asset Medical Tasarim A.S
Astrim
Aureumaex Industries
Aureumaex Medical
Autoking
Azalai Hotels SA
Aziza
Baobab
Ben and Frank
Bielenda
Big Pharmacy Holdings Sdn Bhd2 Creador Ii
Bimser
Biopharm - EXITED
Bitaka
Bridge Group West Africa - EXITED
Britam
C.E.C.I. S.A. - EXITED
COFINA - EXITED
CS Group Polska S.A. WeNet
CTOS - EXITED
Cairo Scan
Carbon Holdings
Cash Plus - EXITED
Cashfree Inc
Cepro SPA
Cieptal Cars
Cleopatra Hospital Group
Coda Payments
Concord Enviro Systems Private Limited
Conix Renting Tecnologico S.A.S - EXITED
Coolblog Apps Sdn. Bhd.
Corporacion San Ignacio de Loyola S.A.C
Daystar
Despegar
Diabetomics, Inc.
Direct Pay Online
Dislog Industries
Distribuidora Rayco SAS
Doku
EAS Holdings, Inc.
EDPYME Alternativa (Common Shares) - EXITED
EPS
ESDS Software Solutions Private Limited
Efficient Group Limited
Elephant Group Ltd
Emzor Pharmaceutical Industries Ltd.
Enzen
Exitus Capital, S.A.P - EXITED
Extended Suites - Grupo Estancias Extendidas
Ezra
F88
Financiamiento Progresemos S.A de C.V.
Finsocial S.A.S - EXITED
Fractal
Fu Pera Capital I
GHL Systems Bhd - EXITED
GIIFT
Gene Solutions
Geofusion - EXITED
Greenlight Planet - EXITED
Greensprings Educational Services, Ltd. Oreon Education
Groupe Scolaire Rene Descartes Gsrd Mediterrania Capital Ii
Grupo Empresarial Bienestar (GEB)
Grupo Industrial Artes Graficas (AGH)
Gupy
HSV
Health Vista India Pvt. Ltd
Hero Fincorp Limited
ISON BPO
Indigo (BS Invest)
International Community Schools
Inversiones Tropi Colombia S.A.S
Isabela Power Corporation
KPN Academy Co. Ltd - EXITED
Kalki Communication Services
Kenafric
Knewin
Koza Gida
Lake Mainit Hydro Generation Corp Reaf I
Leadsquared
Les Centaures Routiers
Livespo
MNT
Mandic - EXITED
Mareauto Colombia
Mareauto Peru
Marou
Master Plastics
MaxAB
Medtech - EXITED
Mercado Electronico
Metamed
MexVi - EXITED
Mexarend
Montalban Methane Power Corp.
Mr. DIY - EXITED
Multiple emerging market investments via funds
Mutosi
Navita
Nhat Tin
Ninja Logistics
Niyya Farms Group, Ltd. (Covale Limited)
NotCo
OSHEE Group
Odonto Company
One Tech Holding Group
Optical Investment Group - EXITED
PS Gourmet - EXITED
PT Bank Index Selindo
Paket (PTS)
Pequeno Caesarmex
PetLove
Pharmacity
Philippines Hybrid Energy System Inc.
Pixeon
Pizza 4P's - EXITED
Polyclinique Taoufik (NAHHG-Tunisia)
Premier Energies Limited
Prime Bank
Prime Focus - EXITED
Prime Label Investment Company (PLIC)
Prince Pipes Gef South Asia Growth Fund
ProCreditHoldings - EXITED
Provive - EXITED
Q Link - EXITED
Randa
Red Wok - (fka Wrap Roll)
Renew Power Ventures Private Limited
RenewBuy
Retailability
Rever
Rishabh Instruments Private Limited
SFC Africa (Tunisia) - EXITED
SS Supply Chain Solutions (3SC)
STX Next
Salvador Caetano Group
Seedworks International Private Limited
Shakti Pumps (India) Limited
Shaldag Limited
Siempre Creciendo
Silafrica Plastics Packaging Ltd
Singapore International School - EXITED
Southey
Sresta Natural Bioproducts
Star Health - EXITED
Star Payments SRL PayPoint
Swift Haulage (fka Crossland) - EXITED
Syrma Technology Private Limited - EXITED
TGCC - EXITED
Tangerine Life
Teamwork Arts Pvt. Ltd - EXITED
Technysis - EXITED
Teletec de Mexico S.A. de C.V.
Total O P
Transnational Academic Group
Turistore
Tutuka Holdings Limited
Tymebank
UPM
Vectus - EXITED
Ver De Verdad - EXITED
Vidal Healthcare Services Pvt Ltd Ambit Pragma Ii
Vision Banco (Common Shares) - EXITED
Vox
Vua Nem
Weaver
Wine Connection - EXITED
Xpressbees
Yola Education Joint Stock Co.
Zenvia

Compiled from Sarona Asset Management’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Consumer & Retail

What companies have actually sold for in consumer & retail, across 837 recorded transactions.

Median consideration$90m
Middle 50%$25m-$280m
Revenue multiple1.2×
EBITDA multiple8.05×

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Comparable investors

Similar mandates

Other fund of funds investors active in consumer & retail.