Sango Capital is an investment management firm focused on delivering superior risk-adjusted returns from fund and direct investments in Africa.
Established in 2011, the firm invests capital for global investors including sovereign wealth fund, pension, endowment, foundation and family office clients. The firm’s strategy combines international best practice skill sets with deep local networks and a dedicated, on-the-ground presence to unlock unique mid-market focused investment opportunities in Africa.
Africa accounts for one-sixth of the world’s population, and its 54 nations comprise a diverse, rapidly growing economic force. Despite this, for most global institutional investors, Africa is little more than a footnote in their portfolios. This will change, as the significance of this investment frontier becomes better understood. Investors that will maximise on this opportunity will be those well positioned in the right partnerships and information flow.
Sango makes investments across all regions of Africa, targeting fast-growing countries with attractive investment climates.
Trusted relationships, a growth-oriented path to delivering top quartile risk-adjusted returns, and a commitment to responsible investing that is consistent with compelling returns.
World-class
Investing
As responsible investors, we seek to generate strong financial returns; actively manage environmental, social and governance risks; and maximise impact and value creation for the societies and economies in which we operate.
We have built deep relationships with trusted counterparties across Africa. Our access and insight unlocks attractive opportunities for our global investors.
As responsible investors, we seek to generate strong financial returns; actively manage environmental, social and governance risks; and maximise impact and value creation for the societies and economies in which we operate.
Sango makes primary, secondary and other bespoke investments in funds and pooled investment vehicles including in end-of-fund life or tail-end fund situations. It also makes direct investments mostly alongside aligned co-investment partners.
Sango’s core hybrid private equity funds are made up of fund, co-investment and direct investments. The funds have been constructed using a consistent strategic framework, which involves the following key elements:
Investments are sourced in countries and industries/themes with market conditions expected to generate robust returns and liquidity. Sango’s investment strategy is responsive to the evolving and dynamic investment environment in different countries over time, however the investment themes that drive investment activity are centred around the emerging consumer’s wallet, the food value chain, energy and power and infrastructure services.
For each fund, Sango sources a set of mid-market funds on a primary and secondary basis, which together provide complementary and diversifying exposure to fast-growing businesses that can be acquired at attractive entry prices and which offer a high return potential. In addition, each fund gains selective exposure to a handful of tech-enabled growth funds.
Each fund makes a number of direct private equity investments, in most cases alongside trusted private equity investment partners.
A thoughtful and intentional approach to portfolio construction gives each Sango fund diversified geographic and industry exposures, providing high expected returns while mitigating left-tail risk (risk of capital loss).
Sango also manages the SSEV, an evergreen vehicle which invests in larger, upper-middle-market businesses with substantial growth runways. The SSEV is designed to hold investments for longer periods of time than would be expected in the Sango Private Equity Funds, allowing for material compounding of capital over time. The SSEV’s strategy has the following components:
Investment flow is generated through deep relationships and networks in the African private equity ecosystem. Pipeline deals are typically generated from companies which Sango has had a chance to observe or invest in through other private equity portfolios.
The SSEV is expected to generate competitive returns through a lower cost structure than traditional private equity as well as by allowing for the compounding of capital over a longer period of time.
The SSEV focuses on businesses which are expected to benefit from long-term growth in African consumer spending.
Richard Okello
Co-Founder & Partner
Charles Mwebeiha
Co-Founder & Partner
Jonathan Sengendo
Investments
Pierre Deludet
Investments
Nick Dennis
Investments
Paul Trites
Investments
Sebigilwe Ooke
Investments
Christian Roelofse
Investments
Razaq Doherty
Director of Fund Operations
Raksha Ramkilowan
Operations
Meher Meajun
Operations
Motlalepule Mokgatle
Operations
Ethel Matlala
Operations
Debbie Brown
LP Relations
Vincent Williams
LP Relations
Andrew Levermore
Retail Advisor
Dunn Mukosa
Operating Advisor