Sango Capital appointed by LP consortium to manage $460m of African fund portfolios
Sango will assume responsibility for ongoing portfolio management and value creation.
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Sango Capital has been appointed manager of approximately $460 million in committed capital across three African fund portfolios following a management change initiated by a consortium of institutional limited partners.
The funds’ interests span multiple vintage years with exposure across financial services, consumer and FMCG, healthcare, infrastructure, energy, agribusiness, mining and industrial materials, and technology in more than 20 African markets. Sango will assume responsibility for ongoing portfolio management and value creation in accordance with each fund’s mandate.
This appointment follows Sango’s recent completion of a multi-fund continuation vehicle for its inaugural fund, Sango Capital Partners, and the closing of a $120 million secondary transaction across four African funds, both announced earlier in 2026.
Richard Okello, co-founder and partner at Sango Capital, commented: “We are honoured to have been entrusted by this group of institutional limited partners with the stewardship of significant capital in established African private market vehicles. Our objective is clear: support and accelerate continued value creation in the underlying portfolio, deliver returns on terms consistent with each fund’s mandate, and continue to attract new capital to these markets.”
Charles Mwebeiha, Sango co-founder and partner, added, “Secondaries, continuation vehicles, and institutional portfolio management mandates are emerging as the structural infrastructure that will sustain African private equity through its next chapter. This appointment, together with our recent transactions, is representative of how we have built Sango as a platform to deliver returns, governance, and execution at scale for institutional LPs.”
** Read/watch our in-depth interview with Sango co-founder Richard Okello: Where Sango Capital sees opportunity in Africa
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