Johannesburg, SA– May 11th, 2026: Sango Capital has acquired more than $120M in NAV in four African funds from an institutional investor rebalancing its global portfolio. Sango funded the deal with its own capital and raised additional capital from a diverse group of commercial investors, including first-time Africa allocators.
Sango sourced and executed the transaction swiftly, creating liquidity for the original investor and capturing value for Sango’s LPs. The transaction underscores Sango’s reputation as a leading provider for secondaries, special situations, and portfolio solutions in African private markets. The firm has an established track record of executing diverse secondaries transactions such as acquiring LP interests, structuring GP-LP end-of-fund life deals, and its most recent multi-fund continuation vehicle.
This transaction required independent underwriting of 30 investments across four funds. The acquired portfolio spans financial services, consumer/FMCG, infrastructure, and light manufacturing, with physical presence in over 14 African markets. Sango’s ability to accurately price and structure a transaction of this size and complexity reflects its unique capabilities and positioning in the African market.
Sango Capital’s Co-Founder and Partner, Richard Okello, commented on the deal: “This transaction reflects everything Sango has built over 15 years: the analytical depth to underwrite complex African portfolios, the relationships to source off-market opportunities, the structuring expertise to create solutions for LPs and GPs navigating liquidity, and the local GP relationships to enable smooth asset transfers. We’re proud to have delivered for the seller, brought new institutional capital into Africa, and we are well positioned to generate significant value for our investors.”
Charles Mwebeiha, Co-Founder and Partner, Sango Capital, added, “Global institutional investors have long cited liquidity and exit concerns around investing in Africa. That is changing as the ecosystem matures. This landmark transaction is one of several that the team at Sango is working on to accelerate the delivery of liquidity and portfolio solutions for investors at scale.”