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

Feb 7 2014 | 1:25pm 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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.