1. SEAF Overview
January 2013

2. SEAF Overview Overview Key Highlights
SEAF is global fund management group that was founded in 1989
SEAF invests growth capital in small and medium-sized enterprises (SMEs) in emerging and frontier markets, seeking both financial and developmental returns
SEAF provides value-added technical assistance to improve company performance
24 active funds spanning 18 countries
Key Highlights
Assets Under Management (AUM)
SINCE INCEPTION
Number of Funds/Facilities 32
Committed Capital
$652M
Invested Capital
$443M
Number of Investments
368
Number of Realizations
202
Data as of 6/30/12;

3. SEAF: Global Investment Footprint
SEAF has managed funds and provided support to entrepreneurs in 26 countries through its network of ~150 employees and 24 offices `
SEAF HQ

4. Representative Investors

5. 1. Investment Capital
EQUITY
MEZZANINE
TERM- CREDIT

6. 2. Business Assistance for Investee Companies
MARKETING &
STRATEGY
Develop marketing plans
Support marketing teams
SEAF works with its investee companies to provide a full array of support:
GLOBAL NETWORKING
Introduce global business networks
Support export and import strategies
OPERATIONS
ASSISTANCE
Cooperatively identify areas for improvement
Facilitate visits by outside experts
Identify new sources of financing
Leverage relationships with local banks
Provide negotiation and contracting support
ADDITIONAL
FINANCING
Business planning and budgeting
Accounting and management information systems
Facilitating hiring and training of CFO
FINANCIAL
CONTROL
Design effective incentive structures
Support Board of Directors oversight
Develop and facilitate legal structures
CORPORATE
GOVERNANCE

7. Portfolio Industry Breakdown
Largest Industries:
Agribusiness, Services
Sample Portfolio Companies
Gomex
Industry: Retail Trade
Location: Zrenjanin, Serbia
Description: Gomex used SEAF’s funding to expand the neighborhood supermarket chain.
D. Comm
Industry: Information Technology
Location: Tbilisi, Georgia
Description: D. Comm used SEAF’s funding to construct an underground fiber cable network that will expand reliable internet access.
Sunshine Exports
Industry: Organic Agriculture
Location: Tambogrande, Peru
Description: Sunshine Exports markets and exports mangos and pineapples to the US. SEAF’s funding helped the company expand internationally.

8. Developmental Impact Data
SEAF strives to achieve a balance between Financial Returns and Development Impact.
Every $1 invested in the SMEs profiled generated on average an additional $13 in the local economy.
83% Economic Rate of Return on investments (includes return to all stakeholders).
The economic impacts of SME investment are spread among various groups of stakeholders in the respective local economies (see chart below).
As part of case studies, using a cash flow model, to which social impacts are added to financial cash flows, SEAF calculated the Net Benefit/Cost Ratio (net financial and social returns / amount invested) at a zero percent discount rate. Social cash flows are estimated based on company/employee interviews and other research.

9. Development Impact by Stakeholder
Highlights from 2011 Development Impact Report
Employees
25% average annual growth in direct employment.
79% of new jobs go to semi- and unskilled workers.
20% average annual employee wage growth.
87% of employees received health & pension benefits.
81% of the SMEs provided training to their employees.
70% of companies have women employees in senior management positions.
Government
33% average annual growth in taxes paid to the government.
Suppliers
On average, each company works with 150 local suppliers with 74% of revenues flowing to local suppliers ($3 M a year)
Community
5% of annual revenues contributed to charities and community projects
NHBM, China (Industrial Machinery)
Matras, Poland (Bookseller)

10. Bulevar zorana djindjica 67, suite 2
SEAF Contact
SEAF
Bulevar zorana djindjica 67, suite 2
11000 belgrade
Republic of serbia
Tel: