Small Enterprise Assistance Funds (SEAF) is a global investment management group established in 1989 and headquartered in Washington DC, the USA. SEAF makes investments in small and medium-sized enterprises (SME) in emerging markets in Eastern Europe, Latin America and Asia, and is expanding into Sub-Saharan Africa. The global network of SEAF includes 30 countries in 5 continents. Currently SEAF is managing around USD 600 million, having invested USD 380 million in more than 350 small and medium enterprises.

SEAF Armenia representative office was established in Yerevan through the USAID/EDMC project’s Access to Finance Component to support the development of equity fund institutional capacity in the country. In this regard the Project works together with SEAF Armenia to expeditiously identify priority SME investment opportunities in supported sectors.

SEAF Armenia uses the following investment instruments:

  • Private Equity
  • Participatory Debt
  • Mezzanine financing
Investments are made within the following range:

  • Maximum USD 5.0 mln
  • Minimum USD 0.5 mln
  • Target USD 1.0-2.0 mln

SEAF investment conditions are very flexible and tailored to each company’s individual financing needs.

Equity

  • Up to 5-7 years
  • Exit strategy
    • Management buyouts
    • Put options
    • Sale to strategic investor
    • IPO
  • No dividends
  • Share pledges
Debt

  • Up to 5-7 years
  • Collateral
    • Land
    • Property
    • Equipment
    • Other
  • Participation in revenues
  • Convertible options

Caucasus Growth Fund

In 2012 SEAF successfully raised a new private equity vehicle for the Caucasus region – the Caucasus Growth Fund (CGF), which is aimed at making investments in SMEs in three countries of South Caucasus: Georgia, Armenia, and Azerbaijan.

Besides SEAF, the shareholders of the CGF are international financial institutions, including:

  • European Bank for Reconstruction and Development (EBRD)
  • International Finance Corporation (IFC)
  • Black Sea Trade and Development Bank (BSTDB)
  • Entrepreneurial Development Bank of Denmark (FMO)

The CGF seeks companies that have:

  • Strong and partnership oriented management
  • Commitment to transparency
  • Track record of success
  • Strong position in growing and/or emerging market
  • Elaborated business growth strategy

The CGF invests in companies that have:

  • Net sales less than USD 15 million for the last fiscal year
  • Total number of employees less than 250

Interested in learning more about SEAF investments?

Contact SEAF investment officers at:

Phone: 060 51 61 02
E-mail: [email protected]