Investors in Kuramo Capital Management have transferred $458m of assets to a continuation vehicle managed by Sango Capital, the investment firm led by former Bridgewater Associates partner Richard Okello, according to a report by Bloomberg.
The assets were moved from two Africa-focused funds that had exceeded their fund life, and a 2019-vintage fund, Kuramo chief executive Wale Adeosun said. The investors were reportedly primarily US endowments and foundations seeking liquidity after a period of...
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