SEAF South Balkan Fund
Fund Name: SEAF South Balkan Fund
Target Regions/ Countries for Investment: Serbia, Montenegro, Macedonia
Website (for more information): http://seaf.com/index.php?option=com_content&view=article&id=99&catid=30&Itemid=144&lang=en
Overview: In October 2005, SEAF launched the SEAF South Balkan Fund (SBF) to provide long-term equity and quasi-equity capital to small and medium enterprises (SMEs) in Serbia, Montenegro, and Macedonia. While the Balkans gradually found calm following the political and economic turmoil during the dissolution of Yugoslavia in the 1990s, the region received little Western foreign investment and small businesses in the country lacked the essential financing they need to expand. Recognizing the need for a strong private sector to stabilize the region’s economies, SBF provided local Balkan SMEs with sustainable funding and expert business assistance through its local team.