Small Enterprise Assistance Funds

Last updated
SEAF
Industry Impact Investing
FoundedWashington DC, United States (1989 (1989))
Founder
Headquarters,
United States
Number of locations
20+ offices (2017)
Area served
Worldwide
Key people
Hubertus van der Vaart
(Executive Chairman)
AUM Increase2.svg $600+ million (2017)
Number of employees
145 (2017)
Website seaf.com

SEAF (Small Enterprise Assistance Funds) is an international investment management group that provides growth capital and business assistance to small and medium enterprises (SMEs) in emerging and transition markets underserved by traditional sources of capital. [1]

Contents

History

Founded in 1989 as the private equity investment subsidiary of the international development organization CARE, Small Enterprise Assistance Funds ("SEAF") evolved in 1995 into an independent organization specializing in the sponsorship and management of investment funds targeting growth-oriented, emerging enterprises located in countries underserved by traditional sources of capital.[ citation needed ]

SEAF has managed or is managing 36 Funds across more than 30 countries with over US$1 billion in aggregate committed capital, of which over US$600 million has been invested through over 400 investments in SMEs, with more than 300 completed exits (through December 31, 2017). Investors in SEAF-sponsored funds represent a cross section of public and private institutions, including multilateral financial institutions, private foundations, pension funds, insurance companies, family offices, banks and other independent financial institutions.[ citation needed ]

SEAF employs over 140 investment professionals worldwide within a network of 20+ regional offices. [2]

SEAF International Funds

Below is a list of SEAF's active and historic funds and the countries in which they operate:

Global

Central and Eastern European Funds [3]

Latin American Funds [4]

Asian Funds [5] [6]

Impact on development

Small and medium enterprises (SMEs) are often overlooked and therefore referred to as the "missing middle" in the developing world. Recent data results, analysis and case highlights (reports can be found below in the "Publications" section) demonstrate how SMEs can generate employment opportunities in their local communities, serve as links to regional and international markets for smaller local suppliers, and address market deficiencies and customer needs that would otherwise go unaddressed. [7] [8]

SEAF and CEED

In 2006, the SEAF family grew larger with the creation of Center for Entrepreneurship and Executive Development (CEED), a legacy institution of United States Agency for International Development (USAID) and SEAF, born out of USAID grant funding in SME equity investments made by SEAF throughout the Balkans, and EBRD in Slovenia. CEED centers provide business development training and technical assistance to entrepreneurs in emerging markets. [9] [10]

Leadership

SEAF is led by a Corporate Board of Directors, an International Advisory Council, and a Management Team based in Washington, D.C. The board and the council include business leaders, editors of periodicals, academics, and other international experts. Below is a list of senior management at SEAF: [11]

United States headquarters

Notes and references

As of this edit, this article uses content from "Our history" , which is licensed in a way that permits reuse under the Creative Commons Attribution-ShareAlike 3.0 Unported License, but not under the GFDL. All relevant terms must be followed.

  1. "SEAF- Who we are".
  2. "Welcome to SEAF". Archived from the original on 2009-08-08. Retrieved 2009-10-27. SEAF History
  3. http://serbia-montenegro.usaid.gov/code/navigate.php?Id=78 Archived 2009-08-02 at the Wayback Machine USAID's Description of SEAF's Work in Serbia and Montenegro
  4. http://www.peru.com/finanzas/idocs2/2009/2/6/DetalleDocumento_541131.asp [ permanent dead link ] Peru.com Report on SEAF's Work in Peru (Spanish)
  5. https://www.wsj.com/articles/SB123684535782705929 Wall Street Journal Report on SEAF's Work in India
  6. http://www.seaf.com/news/If%20you%20can%20take%20the%20heat,%20invest%20in%20Afghanistan%20%7C%20Reuters.com.pdf Archived 2012-02-29 at the Wayback Machine Reuters Report on SEAF's Work in Afghanistan
  7. "SEAF" (PDF). Archived from the original (PDF) on 2012-02-29. Retrieved 2009-10-27. SEAF Report on Development Impact
  8. http://www.brookings.edu/papers/2008/09_development_gibson.aspx Brookings Report on SMEs
  9. "CEED - Center for Entrepreneurship and Executive Development -". Archived from the original on 2009-10-28. Retrieved 2009-10-27. CEED Homepage
  10. http://www.usaid.gov/locations/europe_eurasia/press/success/2006-03-22.html Archived 2009-09-10 at the Wayback Machine USAID CEED Article
  11. "Welcome to SEAF". Archived from the original on 2009-08-08. Retrieved 2009-10-27. SEAF Leadership

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