Latin America

SIFEM focuses its investments on Central America and Peru, and has limited engagement in Colombia. SIFEM's focus in Latin America is in the finance sector, with investments ranging from microfinance to small and medium enterprise  (SME) private equity funds.

• Aureos Central American Fund (2002)
• SEAF Trans Andean Fund (2003)
• Emergency Liquidity Facility (2004)
• Solidus Investment Fund (2005)
• Financiera Arrendadora Centroamericana (2005)
• Central American Small Enterprise Investment Fund II (2007)
• Aureos Latin America Fund (2008)
• SEAF Latam Growth Fund (2008)
• Bancentro (2008)
• Altra Private Equity Fund I (2009)
• CIFI (2010)

Asia

India and China account for almost half of SIFEM's global exposure, with the largest share in China through the Sino Swiss Partnership Fund, followed by SwissTec in India. SIFEM's focus is on developing the Vietnam and India portfolio by working with funds that provide equity and debt-based finance to growing companies with limited access to capital and professional know-how.

• SwissTec (1997)
• Sino Swiss Partnership Fund (1998)
• Mekong Enterprise Fund (2002)
• ASEAN China Private Equity Fund (2004)
• Vietnam Equity Fund (2005)
• BTS India Private Equity Fund (2006)
• Mekong Enterprise Fund II (2006)
• SEAF Blue Waters Growth Fund (2007)
• VenturEast Proactive Fund (2007)
• JS Private Equity Fund (2007)
• Vietnam Investment Fund (2008)
• EV Amadeus Asian Clean Energy Fund (2009)
• Kendall Court Mezzanine (Asia) Bristol Merit Fund (2010)

North Africa

SIFEM's North Africa activities focus on the Maghreb region of Morocco, Algeria and Tunisia. The North Africa strategy is to work with growing medium-sized enterprises that seek to become regional players. The current markets have produced many well-run enterprises which demonstrate a natural progression toward trading with neighboring countries.

• Tuninvest International (1998)
• Maghreb Private Equity Fund I (2000)
• Capital North Africa Venture Fund (2005)
• Maghreb Private Equity Fund II (2006)
• Sphinx Turnaround Fund (2009)

Sub-Saharan Africa

SIFEM has investments in Tanzania, Mozambique, South Africa and Ghana, most of which are regional projects covering at least one of the four countries.

SIFEM's Sub-Saharan Africa strategy is to facilitate access to finance for small and medium enterprises (SMEs). The bulk of its Sub-Saharan Africa portfolio consists of investments in private equity funds targeting SMEs:

• African Infrastructure Fund (2000)
• Fidelity Equity Fund I (2000)
• Horizon TechVentures (2001)
• Aureos East Africa Fund (2003)
• GroFin East Africa Fund (2006)
• Horizon Fund III (2007)
• Vantage Mezzanine Fund (2007)
• Fidelity Equity Fund II (2007)
• Evolution One LP (2008)
• AfricInvest Fund II (2008)

SIFEM also supports financial institutions that provide credit and bank services to SMEs:

• TTB Credit Line (2007)

Eastern Europe & the CIS

SIFEM focuses its activities in the small and medium enterprise (SME) segment, where it has a comparative advantage and public finance can show additionality and subsidiarity. Since the banking sector enjoys a high level of liquidity, SIFEM extends SME credit lines to financial intermediaries on a selective basis.

• SEAF Central Asia Small Enterprise Fund (2002)
• SEAF Transbalkan Fund (2000)
• SEAF Eastern European Growth Fund (2000)
• Symbiotics MFLO II Opportunity International (2005)
• Balkan Financial Sector Equity Fund (2005)
• Euroventures Ukraine II (2005)
• SEAF South Balkan Fund (2005)
• 7L Capital Partners Emerging Europe (2006)
• KD Private Equity Fund (2006)
• Business Leasing Uzbekistan (2007)
• AccessBank (2007)
• Credins Bank (2008)
• Azerdemiryolbank (2008)
• Europe Virgin Fund LP (2010)