Sango Capital provides liquidity via continuation vehicle
Sango announced the successful execution of a continuation vehicle for the residual multi-manager assets from its inaugural fund.
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Sango Capital today announced the successful execution of a continuation vehicle for the residual multi-manager assets from its inaugural fund, Sango Capital Partners. The continuation vehicle, a first of its kind in the market, has attracted new European LP capital and provided additional liquidity to the original fund LPs.
Launched 15 years ago, Sango Capital Partners raised over $100 million from a selection of global endowment, foundation, pension funds, and family offices, providing many of them with first-time exposure to African private markets across more than 15 countries.
Recognising the importance of orderly fund wind-downs and alignment with LP expectations, Sango initiated a structured secondary process to address remaining tail-end fund positions ahead of the fund’s expiry.
“We believe that transactions of this nature contribute meaningfully to the development of a more liquid and efficient secondary ecosystem across the continent – an important step in the continued maturation of Africa’s private capital landscape,” said Richard Okello, co-founder and partner at Sango.
“This transaction reflects how we think about our fiduciary responsibility,” added Christian Roelofse, investment director at Sango. “Delivering strong returns is only part of the mandate – we place equal emphasis on how and when capital is returned. Taking proactive steps to manage tail-end exposures is central to that discipline.”
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