Kuramo Africa Opportunity Fund IV reaches first close
The fund will invest primarily in high-growth businesses across Nigeria.
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Kuramo Capital has announced the first close of the Kuramo Africa Opportunity Fund IV, securing commitments of NGN48 billion (about $35 million) from Nigerian institutional investors. The fund received commitments from five local pension fund administrators in Nigeria.
The fund will invest primarily in high-growth businesses across Nigeria, with selective investments in the wider sub-Saharan African region.
Wale Adeosun, founder and CEO of Kuramo Capital, said: “This successful first close represents an important milestone in the establishment of our fund and reflects the confidence the pension funds have placed in our team, investment philosophy, and long-term vision. We are grateful for their partnership and remain committed to deploying capital with discipline, creating value through active ownership, and generating attractive risk-adjusted returns. We also commend PenCom for their foresight and improvement in the regulatory environment.”
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