Kuramo Capital Finalizes US$5 Million Follow-on Investment into Nabo Capital
July 8, 2020
Kuramo Capital Management LLC”(“Kuramo”), a leading independent investment management firm is pleased to announce that it has finalized on a follow-on commitment of US$ 5 million into Nabo Capital (“Nabo” or “the Manager”). Though its regional offices in Nairobi and Lagos, Kuramo has anchored several first-time managers, among them Nabo. This brings Kuramo’s total commitment to the Manager to US$ 10 million. “Kuramo’s initial investment in Nabo was informed by the Manager’s pan-African, proprietary investment process and philosophy developed over several years of investing in different stock exchanges. We deploy capital into various fund, private and public equity opportunities we deem high potential and the Manager’s “boots-on-the-ground” approach and distinctive strategy have delivered great returns that have affirmed our confidence in the team,” said Shaka Kariuki, the firm’s Co-CEO.
The team lead by Pius Muchiri have demonstrated unique foresight and a deep understanding of the public markets’ opportunity in Africa, allowing them to capture value in what has been a tough environment for listed assets investors. We believe strongly in Nabo’s philosophy of excellence in instrument selection & portfolio management combined with direct investment in Africa’s growth story. “_Our vision as Nabo Capital is to be the leading investment solutions provider in scale, innovation and profitability in sub-Saharan Africa. As our partner, Kuramo’s support has been invaluable in our progress towards this goal.
We look forward to continuing this fruitful partnership and welcome the vote of confidence that this follow on commitment represents, “ _stated Pius. Kuramo is delighted to have seen its investments in emerging managers pay off considerably as these teams have marshalled their unique skills to generate positive results. We remain committed to what we believe is a huge opportunity within public and private equity markets in Africa.