Portfolio

Fund Investment:

Investing in Impact

Our portfolio drives growth across Africa, spanning infrastructure, finance, technology, and sustainability. We back businesses that create value, fuel innovation, and shape the future.

Adenia Capital III is a private equity fund supporting mid-sized companies in the Indian Ocean and West Africa. With a focus on strategic growth and operational improvements, Adenia fosters sustainable development by transforming promising businesses into regional leaders.

Adiwale Fund I focuses on SME investments in West Africa, targeting high-growth sectors such as manufacturing and consumer goods. By providing capital and strategic guidance, the fund accelerates business expansion and economic diversification in the region.

Cepheus Growth Capital Partners fuels Ethiopia’s economic growth by investing in manufacturing, agro-processing, and services. Through long-term capital and hands-on support, the fund helps businesses scale operations, improve governance, and adopt sustainable practices.

Helios Investors II is a private equity fund that invests in high-growth companies across Africa. With a focus on financial services, telecoms, healthcare, and infrastructure, Helios supports businesses that drive economic development and technological advancement.

Uhuru Growth Fund targets businesses in West Africa that create jobs, expand access to essential goods and services, and strengthen the healthcare and fintech sectors. By supporting post-pandemic recovery, the fund plays a crucial role in regional economic

Driving impact from farm to fork. AFSF is a $98M private equity fund investing in Africa’s agri value chain—boosting food production and processing at the SME level. With a focus on food security and economic inclusion, the fund supports scalable solutions to feed and empower the continent.

A long-term investor in Africa’s growth. With $172M in commitments, ACW backs mid-market businesses across sub-Saharan Africa through a permanent capital vehicle. The fund takes a sector-agnostic approach (excluding non-ESG compliant industries), offering patient capital and deep expertise to scale sustainable enterprises.

Backing bold, early-stage innovation. CKSOF fuels Africa’s next generation of consumer-focused and community-driven businesses. With 91% of the fund’s $20.2M commitments coming from Kuramo, the partnership reflects deep alignment in supporting transformative ventures across the continent.

CardinalStone Capital Advisors Growth Fund 1 (CCAGF 1) is the Fund managed by CardinalStone Capital Advisors. The Fund is focused on SME and growth opportunities in West Africa. The Fund was launched in 2018 and has made 6 investments to date with $64 million in total commitments. Kuramo’s LP commitment accounts for 2% of the fund’s total commitments.