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Sango Capital, an investment firm based in Johannesburg, South Africa, has added Darryn Schovell and Rainer Steinhagen to its investment team. The firm invests in Africa-focused private equity funds and makes direct co-investments.
Schovell joins as principal from Ethos Private Equity, where he led private equity and private credit investments across East and Southern Africa. He also held board seats at healthcare, consumer, industrial, and business services companies. He previously spent six years in leveraged and principal finance at Nedbank CIB and is a CFA charterholder.
Steinhagen joins as vice president from DEG, the German development finance institution, where he was responsible for its private equity investments in Southern Africa. The role covered both fund commitments and direct co-investments, from origination through portfolio management and exit. He also represented DEG on, and chaired, a number of limited partner advisory committees. He began his career in leveraged finance and distressed debt at Nedbank CIB.
** Read/watch our in-depth interview with Sango co-founder Richard Okello: Where Sango Capital sees opportunity in Africa
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