Key Takeaways
- • Kuramo Capital Management has closed several investment mandates totalling roughly $500 million, according to Africa Private Equity News, with capital drawn predominantly from African pension funds and development finance institutions.
- • The mandates include iDICE, backed by Nigeria's Bank of Industry; MEMA, an East African pensions vehicle; and Kuramo Africa Opportunity Fund IV, supported by Nigerian pension funds.
- • The closings consolidate Kuramo's commitments from African pension funds under its Investment Platform and extend existing mandates including the Wholesale Investment Impact Fund (WIIF) and Moremi Capital Management.
- • Founder and CEO Walé Adeosun credited 15 years of support from western endowments and foundation investors for enabling the transformation of the African private equity landscape.
Summary
Kuramo Capital Management has closed several investment mandates totalling roughly $500 million, securing capital predominantly from African pension funds and development finance institutions, according to Africa Private Equity News. The figure is approximate, and the publication does not provide a breakdown of individual mandate sizes.
The closings include the Investment in Digital and Creative Enterprises (iDICE) with Nigeria's Bank of Industry, MEMA, an East African pensions vehicle, and the Kuramo Africa Opportunity Fund IV, which received support from Nigerian pension funds. Together, these mandates form Kuramo's Investment Platform, which consolidates its commitments from African pension funds and extends the firm's existing mandates. Those existing mandates include management of the Wholesale Investment Impact Fund (WIIF) and Moremi Capital Management, Kuramo's gender-lens platform.
Founder and CEO Walé Adeosun described the Investment Platform as a step toward greater mobilisation of African capital. He thanked the firm's western endowment and foundation investors for their support over the last 15 years, which he said enabled the transformation of the African private equity landscape. Adeosun said Kuramo is "very excited" about the platform and its progress in driving faster economic growth toward the sustainable development of Africa.
Kuramo describes itself as an independent investment management firm driving private commercial capital into sub-Saharan Africa, according to its ESG and Impact Report for 2022/23. The shift in capital base toward African pension funds reflects a broader move by the firm to anchor its platform in domestic institutional sources.
The closings include the Investment in Digital and Creative Enterprises (iDICE) with Nigeria's Bank of Industry, MEMA, an East African pensions vehicle, and the Kuramo Africa Opportunity Fund IV, which received support from Nigerian pension funds. Together, these mandates form Kuramo's Investment Platform, which consolidates its commitments from African pension funds and extends the firm's existing mandates. Those existing mandates include management of the Wholesale Investment Impact Fund (WIIF) and Moremi Capital Management, Kuramo's gender-lens platform.
Founder and CEO Walé Adeosun described the Investment Platform as a step toward greater mobilisation of African capital. He thanked the firm's western endowment and foundation investors for their support over the last 15 years, which he said enabled the transformation of the African private equity landscape. Adeosun said Kuramo is "very excited" about the platform and its progress in driving faster economic growth toward the sustainable development of Africa.
Kuramo describes itself as an independent investment management firm driving private commercial capital into sub-Saharan Africa, according to its ESG and Impact Report for 2022/23. The shift in capital base toward African pension funds reflects a broader move by the firm to anchor its platform in domestic institutional sources.
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