Sango Capital has been appointed to manage about $460 million in committed capital across three African fund portfolios, strengthening investor confidence and supporting long-term growth across Africa’s private markets.
The appointment follows a management change initiated by a consortium of institutional limited partners and expands Sango Capital’s role in managing African private market investments. The company will now oversee portfolios with investments across more than 20 African countries in sectors including financial services, consumer goods, healthcare, infrastructure, energy, agribusiness, mining, industrial materials and technology.
Richard Okello, Co-Founder and Partner at Sango Capital, said the appointment reflects the confidence institutional investors have placed in the firm.
“We are honored to have been entrusted by this group of institutional limited partners with the stewardship of significant capital in established African private market vehicles,” he said.
He added that the company’s priority is to “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.”
Supporting Growth Across African Private Markets
The appointment comes at a time when African private markets are increasingly looking for experienced fund managers capable of improving investment performance and attracting fresh capital.
Sango Capital said it will take responsibility for the ongoing management of the portfolios while working to create value in line with the objectives of each fund. The diverse investments across key industries are expected to support business growth, strengthen companies operating in these sectors and encourage continued investor confidence in African markets.
The latest mandate also follows two major transactions completed earlier this year. Sango Capital recently completed a multi-fund continuation vehicle for its inaugural fund, Sango Capital Partners, and closed a $120 million secondary transaction across four African funds. Together, these transactions have strengthened the firm’s position as a provider of secondaries, special situations and portfolio management solutions for institutional investors.
Building Long-Term Confidence for Investors
According to Charles Mwebeiha, Co-Founder and Partner at Sango Capital, the latest appointment highlights the growing importance of new investment structures in Africa’s private equity industry.
“Secondaries, continuation vehicles, and institutional portfolio management mandates are emerging as the structural infrastructure that will sustain African private equity through its next chapter,” he said.
He noted that the appointment, together with the firm’s recent transactions, demonstrates how Sango Capital has built a platform capable of delivering returns, governance and execution at scale for institutional LPs.
Founded in 2011, Sango Capital has invested, directed and managed more than $1.2 billion across over 60 companies, fund managers and portfolios, while completing more than 80 direct and indirect exits. Through its strategies covering fund commitments, co-investments, secondaries and private credit, the firm continues to back high-growth sectors including consumer markets, food value chains, infrastructure and energy, supporting the long-term development of Africa’s private investment landscape.
