SBF is a generalist private equity fund investing EUR 300,000 – 1.5 million in SMEs in the South Balkan countries of Macedonia, Montenegro and Serbia, with a specific focus on Serbia, which must account for at least 70% of the Fund’s investments. Target companies have between 10 and 250 employees, are locally owned, and demonstrate strong growth prospects as well as export potential. SEAF obtains significant minority positions of 20%-49% stakes in investee companies through a variety of equity, quasi-equity and debt instruments. 

SBF is managed by Small Enterprise Assistance Funds (SEAF), a global investment firm specializing in SME investment. Based in Washington D.C., SEAF invests in multiple countries through an international network of offices in Central and Eastern Europe, Latin America, and Asia.