Sango Closes Hybrid Africa-Focused PE Fund At $100M

Feb 7 2014 | 2:25pm ET

Sango Capital has closed its maiden fund—a hybrid private equity vehicle focused on Africa—at US$109.5 million.

Sango Capital Partners closed in October 2013 within its target range and 13 months from first close. The fund's limited partners include endowments, foundations, family offices, private pension funds, and high-net-worth individuals from the U.S., Asia and Africa.

Sango is the first hybrid vehicle of its kind in Africa with a mandate to invest in a carefully selected group of niche private equity funds, single deal direct co-investments and bespoke transactions alongside trusted local partners.

“As global institutional investors warm up to the opportunities in Africa, we believe that Sango has come out with a compelling offering for US and global institutional investors looking for access to the exciting investment opportunity in Africa,” said Dianna Raedle, founder and CEO of Deer Isle Capital, which provided U.S. placement services for Sango’s capital raise, in a statement.
 
Sango Capital is an investment firm focused on high risk-adjusted returns from private equity investments in Africa. Through a combination of carefully selected private equity funds and co-investments, Sango seeks to build a diversified portfolio for global institutional investors. With an approach combining both top down research and bottom up due diligence, Sango provides a unique Africa private equity portfolio featuring high-conviction investments across targeted countries and industries.


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