Small Enterprise Assistance Funds (SEAF) provides investment advice to private investment funds and accounts that invest in small and medium-sized enterprises (SMEs) in emerging and frontier markets. SEAF offers equity and debt growth capital and business assistance to SMEs in markets underserved by traditional sources of capital. SEAF seeks long-term capital growth and positive developmental impact through direct investments and active assistance to portfolio companies.
Fee Structure
SEAF manages private investment funds and accounts. As compensation for its services, SEAF typically receives a management fee from the Private Investment Funds. Management fees are typically paid quarterly in advance, and on a pro rata basis for any period that is less than a full quarter period. Generally, during a Private Investment Fund’s investment period, the Management Fee payable to SEAF is based upon the aggregate capital commitments of the Private Investment Fund’s investors. Following the end or termination of the investment period, the Management Fee is generally based on the outstanding invested capital of the Private Investment Fund. The Management Fee payable to SEAF may vary and ranges from 0.9% to 3.9% across the respective Private Investment Funds and, in certain circumstances, reductions may apply based on the size of the capital commitment made to a Private Investment Fund by an investor. Each SEAF Adviser for each respective Private Investment Fund is generally entitled to a “carried interest” on the Private Investment Fund’s profits in accordance with the provisions of each respective Private Investment Fund’s agreement.