Kuramo closes African investment mandates worth about $500m
The firm secured capital predominantly from African pension funds and development finance institutions.
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Kuramo Capital Management has closed several investment mandates totalling roughly $500 million, securing capital predominantly from African pension funds and development finance institutions.
These include the Investment in Digital and Creative Enterprises (iDICE) with Nigeria’s Bank of Industry; MEMA, the East African pensions vehicle; and the Kuramo Africa Opportunity Fund IV with support from Nigerian pension funds.
Kuramo’s Investment Platform consolidates its commitments from African pension funds and extends Kuramo’s existing mandates, which include the management of the Wholesale Investment Impact Fund (WIIF) and Moremi Capital Management, its gender-lens platform.
Walé Adeosun, founder and CEO of Kuramo Capital Management, commented on the Investment Platform: “Kuramo is appreciative of the support provided over the last 15 years by our western endowments and foundation investors as their support enabled the transformation of the African private equity landscape. Kuramo is very excited about its Investment Platform, and progress in mobilising African capital as it helps drive faster economic growth toward the sustainable development of Africa.”
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